Tue, May 22, 2012
Nasdaq shareholders mum on Facebook IPO
By John McCrank
NEW YORK (Reuters) - Not a single shareholder asked a question at Nasdaq OMX's annual meeting on Tuesday, just days after ...
Tue, May 22, 2012
Facebook IPO shows galactic divide between investors
By Lauren Young
NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street.
Investors expressed disappointment ...
Tue, May 22, 2012
Exclusive: Massachusetts subpoenas Morgan Stanley for Facebook
By Jessica Toonkel
NEW YORK (Reuters) - Massachusetts Secretary of Commonwealth William Galvin has issued a subpoena to Morgan Stanley over an analyst's discussions ...
Tue, May 22, 2012
Funds with Facebook hammered as proxy by shorts
By Ross Kerber
(Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last ...
Tue, May 22, 2012
Facebook settles lawsuit over "Sponsored Stories"
By Dan Levine
SAN FRANCISCO (Reuters) - Facebook Inc has agreed to settle a lawsuit that alleged the site's "Sponsored Stories" feature publicized users ...
Tue, May 22, 2012
Dell results disappoint Street, shares dive
By Poornima Gupta
SAN FRANCISCO (Reuters) - Dell Inc forecast disappointing second-quarter revenue as U.S. and European corporate tech spending weakens and consumer personal ...
Tue, May 22, 2012
Kleiner partner sues firm for discrimination
By Sarah McBride
(Reuters) - Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm for sexual harassment and discrimination, according to a lawsuit filed earlier this month in California Superior Court.
Pao, who joined the firm in 2005, alleges that former Kleiner partner Ajit Nazre made sexual advances to her and worked to harm her career once she rebuffed him. Nazre didn't return a call requesting comment.
She also alleges that the firm engaged in systematic discrimination against women, for example, allowing female junior partners fewer board seats and investment sponsorships compared to male junior partners, and allocating women a smaller percentage of profits.
"The firm regrets that the situation is being litigated publicly and had hoped the two parties could have reached resolution, particularly given Pao's seven-year history with the firm," said Kleiner spokeswoman Christina Lee.
"Following a thorough independent investigation of the facts, the firm believes the lawsuit is without merit and intends to vigorously defend the matter."
TechCrunch first reported the lawsuit.
Venture capital is a clubby, male-dominated world, but sexual harassment lawsuits are rare.
Pao said when she complained to senior partners about the inappropriate behavior, including Nazre's failure to include her in meetings and on email chains, they reacted in a way she found unsatisfactory. For example, managing partner Ray Lane suggested she marry Nazre; the firm also asked her to move to the China office.
Pao also said partner Randy Komisar ...
Tue, May 22, 2012
SAP to buy Ariba, boosts cloud bet
By Jim Finkle and Sayantani Ghosh
(Reuters) - Top European software company SAP AG plans to buy U.S. software maker Ariba Inc in a ...
Tue, May 22, 2012
Exclusive: Spy agency seeks cyber-ops curriculum
By Tabassum Zakaria
FORT MEADE, Maryland (Reuters) - The National Security Agency is trying to expand U.S. cyber expertise needed for secret intelligence operations ...
Tue, May 22, 2012
SEC, FINRA to review Facebook issues, Nasdaq sued
By Suzanne Barlyn and Ryan Vlastelica
(Reuters) - Two top U.S. financial regulators said the issues around the initial public offering of Facebook should ...
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