Morgan Stanley News

Facebook shares fell almost 4 percent before the opening bell. Late Thursday, Morgan Stanley's CEO James Gorman appeared on CNBC to discuss the troubled debut of the social-media giant.

Its shares keep plummeting, falling to just over half the high reached on the day of the IPO.

Morgan Stanley chief executive James Gorman was on CNBC this afternoon, talking with Maria Bartiromo , and urging patience on the stock, whose initial public offering two weeks ago his bank led to the public markets.

The process for taking fast-growing technology companies public has become "dysfunctional," according to a veteran investment banker who helped pioneer the tech IPO.

Investors who bought Facebook Inc. shares expecting a large short-term increase in the stock price were "naive," Morgan Stanley Chief Executive Officer James Gorman said.

The state was slated to net more than a billion dollars in tax revenue once the Menlo Park-based company went public, according to a recent report in the Los Angeles Times .

Morgan Stanley told Citigroup Inc. it plans to acquire an additional 14% stake in their Morgan Stanley Smith Barney brokerage joint venture, a long-awaited step that will bring the securities firm closer to full ownership of the business.

Shares of Altera opened at 33.84 on Thursday. Altera has a 52 week low of $30.39 and a 52 week high of $48.35. The company has a market cap of $10.918 billion and a P/E ratio of 16.75. Altera last issued its quarterly earnings data on Thursday, April 19th.

Other equities research analysts have also recently issued reports about the stock.

After slumping more than any other industrial metal, analysts and traders say the worst may be over for nickel as restrictions on shipments from Indonesia, the biggest producer, diminish a worldwide glut.

In the more than 12 years that he has covered Internet companies as a Wall Street analyst, Devitt has developed a measured approach to a sector that often succumbs to hype.

Dynasty Financial Partners hired Austin J. Philbin as a senior consultant of RIA services and Monique Miller as director of business management.

Meanwhile, the yield on Spain's 10-year bonds went as high as 6.67%, which was their highest level since the country joined the eurozone.

Kayak Software Corp. is delaying its initial public offering following Facebook Inc.'s post-IPO tumble, according to a person close to the situation.

When Morgan tried to do some portfolio analysis 18 months ago it found that traditional databases and grid computing just wouldn't scale to the very large volumes of data that its data scientists wanted to use.

A live audio webcast will be available on the Investor Relations section of TD's website at www.td.com/investor . The webcast will be archived at www.td.com/investor/calendar_arch.jsp . The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group .

Think Wall Street is the land of plenty when it comes to compensation? Think again.

British investors are set to join the claimants seeking billions of pounds from Facebook and its bankers after the chaotic flotation of the social networking company.

Facebook and Morgan Stanley, its lead underwriter, faced criticism for boosting the number of shares sold in the IPO by 25 percent to 421.2 million in the days before the deal.

Morgan Stanley has over the past week approached several potential buyers of the loans, which are primarily backed by Irish offices.