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U.S. Day Ahead: Facebook banker faces regulatory fallout

Tuesday, May 22, 2012 - 03:02

May 22 - Facebook shares could come under more pressure Wednesday as top regulators call for a review of its IPO process.

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Mark. -- out Hewlett-Packard could announce big job cuts and -- -- trip across Niagara Falls. But shares could come under more pressure on Wednesday -- to the top regulators called for a review of its IPO. The SEC and us separately want to look at allegations Morgan Stanley shared negative news about FaceBook with institutional investors reports on. Reuters reported an analyst from the lead underwriter cut his revenue forecast for FaceBook days before the offering. Reuters at BC correspondent apparently says the pressure on the bank. The FCC engine refinery any violations of securities laws they could find Morgan Stanley and recently actually the two regulators product case against Goldman Sachs and find the bank 22 million dollars. After the found that analysts at Goldman Sachs has allegedly been passing along certain information. And we could get reaction -- Facebook's brief follow the company's CEO Sheryl Sandberg speaks at 2 PM. She headlines Harvard business school's graduation ceremony in Boston -- investors are hoping to get an update on Hewlett-Packard's ongoing attempts to cut costs when it reports latest resolves. Reuters recently learned HP could cut up to 10% of its workforce. I'm in a moment when he 5000 people this is the former tech darling merges its PC and -- divisions to kick start growth. Also on the tech front watch shares of Dell computer Dell shares fell sharply after the PC maker reported revenues that were much lower than Wall Street analysts estimate. Other companies on the earnings radar include American Eagle big lots Hormel Foods pandora and sale. There's another -- update on housing -- you data heads new -- sales out 10 AM should show a slight gain of 335000. In April I have bars says the unemployment rate falls. Sales should rise -- the forecaster adds it's gonna take years for the market to come up off the bottom. Expect to hear arguments against more stimulus -- Minneapolis fed president area -- who can't speak -- 2 PM he inflation hot we'll give -- the latest take on monetary policy he argued that Central Bank may have to raise rates earlier than intended. Due to rising inflation. Also -- side you'll have an exclusive interview with Saint Louis fed president James Pollard at 3:30 PM he recently called for a break up the big banks after JPMorgan's. Multi billion dollar trading loss. Here's a rider's picture that might make the papers. High wire -- New England is practicing for a beat daredevil stunt next month at Niagara Falls the little walk across that -- -- -- -- 170. Feet above the water if that's crazy enough to perform that act -- Rain that -- water from fire trucks. And that's our image of the day follow us on Twitter Reuters Insider I'm Rhonda -- this is writers.

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U.S. Day Ahead: Facebook banker faces regulatory fallout

Tuesday, May 22, 2012 - 03:02