Justice Department-Morgan Stanley-Inner Workings-Negative News-Underwriter

Insight: Morgan Stanley cut Facebook estimates just before IPO

(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial public offering, and while an investor roadshow was underway, was a big shock to some, said two investors who were advised of the revised forecast. ... read more..

source:http://yhoo.it/JNsTdQ

Hackers gained access to US Justice Department website

One or more unauthorized users gained access to the inner workings of a website run by the U.S. Justice Department, a department spokeswoman said on Monday after the hacker group Anonymous said they were behind the incident. read more..

source:http://on.msnbc.com/JNtegx

The Wall Street Journal-Morgan Stanley-Social Network-Facebook

Facebook to file IPO documents as soon as Wednesday: report

(Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday. Morgan Stanley is a strong front-runner to be the lead underwriter on what would be one of the largest initial public offerings in U.S. history, the Journal cited its sources as saying. Goldman Sachs is expected to play a significant role in the deal too, the newspaper added. A Facebook spokesman declined to comment. ... read more..

source:http://yhoo.it/zSFPvY

Is Facebook Ready to Go Public?

COMMENTARY | Facebook could file IPO paperwork as early as next Wednesday, according to reports released today. The popular social media network has been talking about going public for some time now and they are currently looking at a deal that would value the site somewhere between $75 billion to $100 billion, says the Wall Street Journal. read more..

source:http://yhoo.it/wVX0h7