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

Click to View in Browser 05/22/2012 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cats and dogs that stunned Italy on Friday turned out to be all bark and no bite after a wave of popular anger saw it withdrawn on the same day it was made public.. Related Video Obama raises concerns about al Qaeda in Yemen Finding an end game for Afghanistan Great Debate Overthrowing the overthrowers of the Republican establishment What do risk officers worry about? A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend