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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
04/24/201517:07:48Nasdaq Composite, S&P 500 Close at New Highs
04/24/201516:05:00Nasdaq Announces Mid-Month Open Short Interest Positions in NASDAQ...
04/24/201515:44:07U.S. Technology Stocks Extend Gains
04/24/201512:16:18U.S. Technology Stocks Extend Gains
04/24/201511:48:39Photo Release -- Nasdaq Welcomes Apigee Corporation (Nasdaq:...
04/24/201510:30:36U.S. Technology Stocks Extend Gains
04/24/201510:20:18Tantech Holdings Ltd. (Nasdaq: TANH) to Ring The Nasdaq Stock...
04/24/201510:14:56Google Inc. (Nasdaq: GOOG) and YouTube, Inc. to Ring The Nasdaq...
04/24/201510:07:00NASDAQ OMX Group Given New $56.00 Price Target at Barclays (NDAQ)
04/24/201509:00:56U.S. Stock Futures Rise, Putting Nasdaq Composite on Track For...
04/24/201506:00:00Apigee Corporation (Nasdaq: APIC) to Ring The Nasdaq Stock Market...
04/24/201504:49:30NASDAQ OMX Group Stock Rating Lowered by Portales Partners (NDAQ)
04/23/201520:07:08Nasdaq Climbs to a Record, Again Fueled by Tech
04/23/201520:03:17Nasdaq Surge Lifts Internet Boosters of the Past
04/23/201517:02:33Nasdaq Composite Closes at Record High
04/23/201515:47:20Nasdaq Composite Rises Above March 2000 Record Close
04/23/201514:00:15Nasdaq Composite Rises Above March 2000 Record Close
04/23/201513:25:31Nasdaq Composite Rises Above March 2000 Record Close
04/23/201513:20:53U.S. Stocks Edge Lower
04/23/201513:11:04Nasdaq's Profit Drops on Expenses--2nd Update

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