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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
09/05/201406:06:08China Stocks Link Offers Market-Tech Firms Opportunity
09/03/201412:35:55Tech Declines Cut Into U.S. Stock Market Gains
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07/14/201418:41:07Correction to U.S. Stocks Story
07/14/201418:40:35U.S. Stocks End Up on Citigroup Earnings
07/03/201409:14:08Stock Futures Fall on Jobs Report
06/16/201409:22:37Stock Futures Lower on Iraq Concerns
06/11/201408:47:32U.S. Stocks Set to Open Lower
06/10/201416:36:50U.S. Stocks Edge Lower
06/06/201408:47:48Stock Futures Gain Ground Ahead Of Jobs Data
06/04/201418:00:13U.S. Stocks Edge Higher After Data
06/04/201417:32:09Stock Futures Inch Lower Ahead of Data
06/03/201408:42:14U.S. Stock Futures Edge Lower
05/30/201417:06:37Stock Futures Edge Lower Ahead of Data
05/29/201411:29:06U.S. Stocks Maintain Gains
05/20/201408:50:07Stock Futures Steady After Two Sessions of Gains
05/16/201409:15:38Stock Futures Pare Losses After Housing Data
05/15/201407:30:03NASDAQ OMX Launches Currency Trade Monitoring Tool
05/13/201409:18:16Stock Futures Pare Gains After Retail-Sales Data
05/12/201414:56:28Correction to Dow/S&P Market Stories

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