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via Jessica Guynn, Los Angeles Times Could Facebook Inc.’s new gift service be the early Christmas present that Wall Street has been waiting for? After its disastrous debut as a public company in May, the social networking giant has come under increasing pressure from investors not just to squeeze more advertising dollars from its nearly … Continue reading
via Matt Krantz, USA TODAY Facebook shares jumped 13% to $43 as the stock opened in the frenzied first minutes of trading Friday, but just as quckly the price slid, tas investors stormed Wall Street to trade shares of the world’s leading social networking company. The stock rose $5 from its initial price of $38 … Continue reading
via Reuters, The Huffington Post Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank’s directors have been sued for allegedly awarding outsized pay to top executives. The complaint filed Thursday in Manhattan federal court accuses directors of breaching their fiduciary duties by awarding more than $54 million of compensation … Continue reading
The Brandt Standard 