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US regulator warns of Facebook pre-IPO scams

WASHINGTON — A US financial regulator warned investors on Tuesday to be wary of con artists peddling non-existent shares in social media companies such as Facebook ahead of their going public. The Financial Industry Regulatory Authority (FINRA) said the scams involved offering investors’ access to private shares in social media…

Shockwaves from Libya hit Italian business

MILAN – Shockwaves from the unrest in Libya on Monday hit its former colonial overlord Italy — a top foreign investor in Libya and a country in which the North African state has also invested billions. Libya’s sovereign wealth fund and veteran ruler Moamer Kadhafi’s family own stakes in Italy’s…

Worst case: BP leak could last until Christmas

This year’s Christmas won’t be so merry under a worst-case scenario released Wednesday by a major energy investor. Writing about BP’s effort to plug a leak from a drill site that became exposed after a deepwater oil rig burst into flames and sunk in April, an energy investor noted that…

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