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Tuesday, May 22, 2012

Morning Digest: Insight: Morgan Stanley cut Facebook estimates just before IPO

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05/22/2012
Reuters     Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the     politics in between
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..
Insight: EU foreign policy chief Ashton stays out of the spotlight
BRUSSELS (Reuters) - For an insight into the world of EU foreign policy chief Catherine Ashton, consider the tale of a humble asterisk..
Stock futures signal higher Wall Street open
(Reuters) - Stock index futures pointed to a slightly higher Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.2 percent..
Singer Robin Gibb, Bee Gees co-founder, dies at 62
LONDON (Reuters) - Bee Gees singer Robin Gibb, who with brothers Barry and Maurice helped define the disco era with their falsetto harmonies and funky beats on hits like "Stayin' Alive" and "Jive Talkin'", died on Sunday after a long fight with cancer. He was 62..
Devils beat Rangers in fiery clash
NEWARK, New Jersey (Reuters) - The New Jersey Devils beat the New York Rangers 4-1 in a spiteful encounter on Monday to tie the NHL Eastern Conference final series at 2-2 as escalating tension between the cross-river rivals boiled over..
After Yahoo deal, challenges abound for Alibaba
SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market..
Pollution-hunting robot fish take to the sea
LONDON (Reuters) - Robot "fish" developed by European scientists to improve pollution monitoring moved from the lab to the sea in a test at the northern Spanish port of Gijon on Tuesday..
Italy "dog and cat tax" muzzled after uproar
ROME (Reuters) - A proposal to levy a tax on cats and dogs that stunned Italy on Friday turned out to be all bark and no bite after a wave of popular anger saw it withdrawn on the same day it was made public..
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