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Knight Capital: Nasdaq $40M Fund Doesn’t Cover Losses

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  • Description

    FBN’s Robert Gray on the fallout from the Facebook IPO.

  • Duration 0:52
  • Date

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I'm Robert -- with your Fox Business -- the fallout continues from Facebook's law IPO on the NASDAQ.

Knight Capital Group said nasdaq's forty million dollar compensation fund doesn't even come close to covering the reported losses.

The Wall Street Journal reported NASDAQ CEO Bob Greifeld said his exchange shows the industry an apology.

Right -- also told the -- exchange did not succeed in the handling of the social networks Wall Street debut.

Shares of Men's Wearhouse tumbling after hours the retailer's forecast for the current quarter and full year we're short investments.

The company miss targets for both earnings and revenue during its first quarter.

On the upside it was a bullish day for stocks today's rally pushed the blue chips back in the black for the year after a dismal stretch in the month of may.

That is the latest from the Fox Business Network giving -- them.

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