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Senate Banking Committee To Review Facebook IPO

By Andrew Ackerman Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The Senate Banking Committee plans to review the initial public offering of Facebook Inc., a Democratic aide said Wednesday. Described as an informal inquiry, the committee plans to "learn more about issues raised in the news regarding Facebook's IPO by conducting staff briefings with Facebook, regulators and other stakeholders," the aide said. The statement comes a day after Securities and Exchange Commission Chairman Mary Schapiro told the committee it too would review "issues" surrounding the IPO. Nasdaq OMX Group Inc. has said it would have put the brakes on the offering had its executives known the full extent of technical problems that occurred, including delayed trading and order cancellation problems. In a statement on Friday after the first day of trading, SEC spokesman John Nester said "as is our practice, staff will review the incident with Nasdaq to determine its cause and steps that will be taken to address it." -By Andrew Ackerman, Dow Jones Newswires; 202-569-8390; andrew.ackerman@dowjones.com

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
04/17/201408:52:20Stock Futures Flat After Three-Day Rally
04/16/201422:40:44Asian Shares Gain on Yellen Remarks
04/16/201413:52:18U.S. Stocks Rally
04/16/201413:50:30U.S. Stocks Rally in Opening Trade
04/15/201408:52:57U.S. Stock Futures Rise
04/14/201409:15:19U.S. Stock Futures Boosted Higher
04/14/201408:48:37U.S. Stock Futures Slightly Higher
04/11/201419:36:07Riding the Tech Roller Coaster
04/11/201416:31:45Stock-Market Slump Extends to Europe -- Update
04/09/201416:18:44El Pollo Loco IPO to be Led by Jefferies, Morgan Stanley -Reuters
04/08/201413:42:17U.S. Stocks Turn Higher -- 2nd Update
04/07/201408:32:54Tech-Stock Slump Extends to Europe -- Update
03/31/201418:26:19Weibo to List on Nasdaq with Ticker Symbol `WB' -CNBC
03/27/201410:00:07Nasdaq Raises Dividend by 15%
03/27/201409:44:41U.S. Hot Stocks: Hot Stocks to Watch
03/24/201415:28:26Nasdaq Mulls Changes to Cloud Deal with Amazon -FT
03/21/201413:24:2021st Century Fox Shareholders Okay Delisting From Australian...
03/17/201419:20:50Greifeld 2013 Compensation Rises 55.3% -- Update
02/05/201408:10:08Nasdaq Profit Rises on Higher Revenue
01/31/201422:33:05MARKET SNAPSHOT: 'Par' Earnings Not Good Enough After 2013 Stock...

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