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The Wall Street Journal reported that the price of facebooks stocks have plunged following revelations that internal emails by Company CEO Mark Zuckerberg show that he may have been aware of the problematic privacy practices at the company that have led to a string of scandals...

NEW YORK (Reuters) - A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters. Waddell sold on May 6 a large order of e-mini contracts during a 20-minute span in which U.S. equity markets plunged, briefly wiping out nearly $1 trillion in market capital, the internal document from CME Group Inc said. The e-minis are one of the most liquid futures contracts in the world, providing holders exposure...

Blog Post on Bank Stress Tests Adds to Worries Did a dire posting on an obscure blog about the Treasury’s bank stress tests contribute to Wall Street’s sell-off of financial stocks on Monday? Hal Turner, a blogger as well as a former controversial conservative radio host, wrote on his Turner Radio Network Blog on Sunday night that he had obtained the results of the stress tests, which are set to be announced in the coming weeks, and he asserted that the results were troubling. A Treasury Department spokesman, Andrew Williams, told CNBC on Monday that there was “no basis” for...

MERRILL FLINCH By KAJA WHITEHOUSE and MARK DECAMBRE November 24, 2008 -- Some Bank of America shareholders are seeking to thwart the Charlotte-based financial giant's deal to buy beleaguered brokerage firm Merrill Lynch. While it looks like a long shot now, it could be less of one after today. So far, Proxy Governance Inc., a firm that advises shareholders, has come out in favor of the deal. But recommendations from two other leading proxy firms - RiskMetrics Group and Glass Lewis - are due today. What's rankled some shareholders is the growing size of the deal spread, or the difference...

New York Times Co. shares tumble to new low By David B. Wilkerson, MarketWatch Last update: 4:06 p.m. EST Nov. 21, 2008 Comments: 48 CHICAGO (MarketWatch) -- New York Times Co. shares fell sharply Friday after the company cut its quarterly dividend by 74% and indicated there would be no immediate turnaround to a steep decline in advertising revenue. New York Times Co. ( NYT 5.34, -0.38, -6.6%) stock fell 7% to close at $5.32. The stock hit a new 52-week low of $4.95 during the session. New York Times Co. said late Thursday that it has slashed its quarterly...

October 6, 2008 Markets tumble as banking fears spread across Europe Philippe Naughton Britain's blue chip companies lost £60 billion in value in just a few minutes today as investor confidence crumbled and political leaders battled to avert the threat of recession. The FTSE 100 index of leading shares fell by some 250 points in the first six minutes of trade, following sharp losses across Asia, and drifted down to reach a four-year low of 4,670.9 by late morning, 6 per cent down on Friday's close. For policymakers and central bankers, it was a nightmare start to the week –...

Wall Street falls again as $700bn bailout is delayed by political squabbling Barney Frank, chairman of the House Financial Services Committee Miles Costello and Leo Lewis in Tokyo Just after the collective sigh of relief was drawn following last week’s financial turmoil, a startling late plunge in the US stock market last night started a fresh wave of fears for banks, savers, pension holders and employees. It had appeared that a $700 billion (£378 billion) bailout of the banking system announced by the US Government on Friday had restored some stability. But the stock market euphoria generated by the plan...