- Chinese man fed up with his girlfriend’s shopping jumps to his death
- Ukraine leader to talk with protesters; Washington urges caution
- Pope Francis: A nun saved my life
- Israeli P.M. Netanyahu backs out of Mandela funeral
- Elian Gonzalez makes first trip outside Cuba since custody battle
- U.S., British intelligence agents enter online sci-fi world to spy on gamers
- Sarah Palin to host the outdoors show ‘Amazing America’
- CIA admits $3 billion intelligence operation was a flop
- ‘127 Hours’ author Aron Lee Ralston, who amputated arm in canyon, arrested in Denver
- Men posing as cops break into home of former deputy
Regulators probe bank’s role in Facebook IPO
The Wall Street Journal reported Tuesday night that Facebook’s chief financial officer, David Ebersman, decided shortly before the stock debut to raise the number of shares the company would offer by 25 percent. The Journal, citing people familiar with the planning of the stock offering, also reported that Morgan Stanley had assured Ebersman there was plenty of demand for the stock.
A spokesman for Facebook Inc., which is based in Menlo Park, Calif., said late Tuesday that the company had no comment.
The SEC had already said on Friday that it was looking into problems surrounding the IPO. On Tuesday, the agency’s chairman, Mary Schapiro, said: “I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook.”
AP Technology Writer Barbara Ortutay and Julie Walker of AP Radio contributed to this report from New York.
By Brahma Chellaney
Beijing's creeping aggression signals a challenge to U.S. presence in the Asian Pacific
- CURL: Obama tells a whopper on IRS scandal
- WOLF: The president's other Obamacare lies
- Tech companies call for an end to NSA online snooping
- Lawmakers see 'false narrative' of Obama as a terrorist fighter
- Satanists petition for statue at Oklahoma Statehouse
- Obama lied about Syrian chemical attack, 'cherry-picked' intelligence: report
- Ted Cruz sees legal landmines ahead for Obamacare
- MSNBC host: Obamacare a 'wealthy white men' racist word
- WWII vet, 90, en route to Pearl Harbor event booted from flight
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
Independent voices from the The Washington Times Communities
Let’s talk about everything, especially the absurdity of it all
White House pets gone wild!
Let it snow