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Underwriters Score $100M in Messy Facebook IPO

Fidelity Investments, Capital Research among those warned ahead of time

(Newser) - New investors in Facebook may be steamed (and suing ) that their hot property has lost 16% of its value since the IPO Friday, but Facebook's underwriters are sitting pretty. Morgan Stanley and the other underwriters have made an estimated $100 million from stabilizing the buffeted stock, in addition... More »

Insiders Warned on Facebook IPO, Regulators Launch Investigation

Only big investors were tipped off to revised revenue forecast

(Newser) - Facebook's IPO is looking more disastrous by the day. Regulators are now probing reports that underwriter Morgan Stanley and other banks cut their revenue forecasts for the company just days before the IPO—but only advised major clients of the change. Insiders believe the revised forecast, which smaller investors... More »

'Obese' 4-Month-Old Denied Insurance

Nursing infant outside norms for age; 'absurd,' cry parents

(Newser) - A Colorado couple is baffled that their baby has been denied health insurance coverage because of a preexisting condition: obesity. “I could understand if we could control what he's eating,” says the boy’s father. “But he's 4 months old. He's breast-feeding. We can't put him on... More »

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