Behind Your Business

(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations fiasco for the company and its lead underwriter, Morgan Stanley. ...

Wall Street appears bent on convincing Main Street that the game is rigged.Investor anger is mounting over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed ...

Wall Street appears bent on convincing Main Street that the game is rigged.

SAN FRANCISCO (Reuters) - NetApp Inc on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade.

NEW YORK (Reuters) - Stocks staged a late-day reversal on Wednesday, rallying into the close as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The Dow Jones industrial average was down 6.74 points, or 0.05 percent, to end unofficially at 12,496.07. But the Standard & Poor's 500 Index was up 2.22 points, or 0.17 percent, to finish unofficially at 1,318.85. The Nasdaq Composite Index was up 11.04 points, or 0.39 percent, to close unofficially at 2,850.12. (Reporting by Ryan Vlastelica; Editing by Jan Paschal)