Half of 2014 World Cup stadiums a concern: FIFA consultant |
- Half of 2014 World Cup stadiums a concern: FIFA consultant
- PBS fall schedule offers U.K. hits, US history
- Facebook increases IPO range to raise $12.1 billion
- Syria attack kills 21; rebels say protect U.N. monitors
- Boehner: Spending cuts must exceed debt limit hike
- US stocks sink as euro crisis deepens
- GM plans to stop advertising on Facebook
- Mexican novelist, essayist Carlos Fuentes dies
- Penney reports loss and plummeting sales in 1Q
- DOJ opens inquiry into JPMorgan trading loss: report
- FBI launches JPMorgan probe, shareholders back Dimon
- Paul hopes to influence Republican agenda at convention
- JPMorgan trade on regulator radar in April: source
- US-Vietnamese prisoner's wife appeals for US help
- Merkel, Hollande say want Greece to stay in the euro
- Conn. accident shows dangers of distracted driving
- Dow Jones average continues a 5 percent slide
- Big investors bought JPMorgan shares in first quarter
- Hedge funds eye further profits from JPMorgan losses
- Dimon pushes Blankfein off hotseat at charity gala
- Analysis: JPMorgan repeats basic mistakes managing traders
- US Justice Dept. investigates JPMorgan: reports
- Al-Qaida leader calls new Yemen leader a US agent
- Subdued Dimon is confronted over $2B trading loss
- Greenpeace members arrested in Apple 'cloud' demo
- Ruling: NY boy can play on girls field hockey team
- Gov.: RI working to keep Schilling company afloat
- Chesapeake's $4 billion bridge frees for trading
- Big stock position puts Chesapeake employees at risk
- Chesapeake shares fall on downgrade, loan
- Oil drops to lowest level in 6 months
- Greece to head to polls again after talks collapse
- Strauss-Kahn seeks at least $1 million from maid
- Hollande says all growth ideas must be discussed
- Deputies: Fla. mom killed 4 kids, then herself
- Avon finally calling, but Coty slams the door
- France's Hollande gets stormy welcome to power
- Ex-tabloid boss Brooks faces phone hacking charges
- Army opens jobs in combat battalions to women
- NATO invites Pakistan to key summit
| Half of 2014 World Cup stadiums a concern: FIFA consultant Posted:
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| PBS fall schedule offers U.K. hits, US history Posted: PBS' fall schedule has a definite British accent, courtesy of the returning drama "Upstairs Downstairs" and newcomer "Call the Midwife." |
| Facebook increases IPO range to raise $12.1 billion Posted:
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| Syria attack kills 21; rebels say protect U.N. monitors Posted:
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| Boehner: Spending cuts must exceed debt limit hike Posted:
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| US stocks sink as euro crisis deepens Posted:
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| GM plans to stop advertising on Facebook Posted:
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| Mexican novelist, essayist Carlos Fuentes dies Posted:
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| Penney reports loss and plummeting sales in 1Q Posted: J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy that puts an end to rampant discounting in favor of everyday low prices. |
| DOJ opens inquiry into JPMorgan trading loss: report Posted: WASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the U.S. government may be looking at. |
| FBI launches JPMorgan probe, shareholders back Dimon Posted:
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| Paul hopes to influence Republican agenda at convention Posted:
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| JPMorgan trade on regulator radar in April: source Posted: NEW YORK (Reuters) - U.S. and UK regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase & Co, posing questions to senior management at the bank, a source familiar with the situation said on Tuesday. The U.S. Federal Reserve - JPMorgan's primary regulator - as well as the U.S. Office of the Comptroller of the Currency and the UK Financial Services Authority were all involved in monitoring the bank portfolio that suffered the big derivatives trading loss, the source said. ... |
| US-Vietnamese prisoner's wife appeals for US help Posted:
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| Merkel, Hollande say want Greece to stay in the euro Posted:
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| Conn. accident shows dangers of distracted driving Posted:
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| Dow Jones average continues a 5 percent slide Posted:
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| Big investors bought JPMorgan shares in first quarter Posted: NEW YORK (Reuters) - Noted investors including mutual fund giant Fidelity Investments and hedge fund manager Leon Cooperman bought shares of JPMorgan Chase & Co in the first quarter, just before the stock was rocked by revelations of a surprise $2 billion trading loss. Shares of the largest U.S. bank by assets have fallen 20 percent since the end of the first quarter, including 10 percent in the three days since the bank disclosed on May 10 the huge trading loss. ... |
| Hedge funds eye further profits from JPMorgan losses Posted: LONDON (Reuters) - Hedge funds are positioned to squeeze more profits from JPMorgan & Co's losing position in U.S. credit derivatives, after racking up tidy gains from a lucrative trade that could end up costing the bank more than $3 billion. Managers who spotted a huge dislocation in a market for credit derivatives during in the first quarter are sticking with their bets as JPMorgan weighs up how to limit its losses, hedge fund industry insiders said on Tuesday. Funds are sticking with their positions just as the bank tries to unwind its trades, the sources said. ... |
| Dimon pushes Blankfein off hotseat at charity gala Posted: NEW YORK (Reuters) - For the first time in months, Goldman Sachs CEO Lloyd Blankfein was off the hotseat. As Wall Street's biggest hedge fund managers and top bankers flocked to a charity gala in New York Monday night, the buzz was all about JPMorgan Chase & Co's disastrous trading losses and the pressure on CEO Jamie Dimon. "He screwed up," one hedge fund manager said tersely, referring to Dimon while dissecting how JPMorgan, the country's biggest bank, suffered at least $2 billion in trading losses. ... |
| Analysis: JPMorgan repeats basic mistakes managing traders Posted: (Repeats to add ANALYSIS to headline) LONDON, May 15 (Thomson Reuters Accelus) - JPMorgan Chase & Co's Chief Investment Office (CIO), which was responsible for at least $2 billion in mark-to-market losses, appears to have made some classic mistakes in managing trading desk risk and monitoring traders. Although the CIO losses have not been blamed on a rogue trader, they do have much in common with the incidents at UBS and Société Générale (SG), where single traders lost billions seemingly overnight. ... |
| US Justice Dept. investigates JPMorgan: reports Posted:
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| Al-Qaida leader calls new Yemen leader a US agent Posted: Al-Qaida's leader has released a 17-minute audio address aimed at swaying public opinion against Yemen's new president, calling him a U.S. agent and a traitor. |
| Subdued Dimon is confronted over $2B trading loss Posted:
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| Greenpeace members arrested in Apple 'cloud' demo Posted:
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| Ruling: NY boy can play on girls field hockey team Posted:
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| Gov.: RI working to keep Schilling company afloat Posted: Gov. Lincoln Chafee acknowledged concerns about the financial health of former Red Sox pitcher Curt Schilling's video game company Tuesday and said state officials are working to help it remain viable. |
| Chesapeake's $4 billion bridge frees for trading Posted: NEW YORK (Reuters) - Chesapeake Energy Corp's $4 billion bridge loan freed to trade in the secondary loan market today at a bid price of 98.125 cents on the dollar and an ask price of 99 cents on the dollar, sources told Thomson Reuters LPC. This morning, the bridge loan was increased to $4 billion from $3 billion, while the selling price was tightened to 97 cents on the dollar from 96 cents on the dollar. The loan pays a rate of 700bp over Libor with a 1.5 percent Libor floor. Proceeds from the loan are to repay borrowings under the company's existing revolving credit facility. ... |
| Big stock position puts Chesapeake employees at risk Posted: NEW YORK (Reuters) - The woes of Chesapeake Energy Corp are hitting shareholders hard, including its employees. Thousands of Chesapeake workers have retirement portfolios that are heavily invested in Chesapeake stock, which has declined sharply following revelations about Chief Executive Aubrey K. McClendon's business dealings. But while retail and institutional investors have sold the stock, employees don't always have that option. ... |
| Chesapeake shares fall on downgrade, loan Posted:
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| Oil drops to lowest level in 6 months Posted: The price of oil dropped to a six-month low Tuesday on renewed concern that Greece would be forced to leave the European common currency and trigger shockwaves across Europe. |
| Greece to head to polls again after talks collapse Posted:
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| Strauss-Kahn seeks at least $1 million from maid Posted:
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| Hollande says all growth ideas must be discussed Posted: BERLIN (Reuters) - French President Francois Hollande said after his first meeting with German Chancellor Angela Merkel on Tuesday that Europe should consider all possible measures that could spur economic activity and growth. Hollande, who wants to temper Berlin-led austerity policies with pro-growth measures, told a news conference with Merkel that he and his German counterpart both wanted Greece to remain in the euro currency zone and hoped voters there would show they did too in a June 17 election. ... |
| Deputies: Fla. mom killed 4 kids, then herself Posted:
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| Avon finally calling, but Coty slams the door Posted: Shares of Avon Products Inc. almost 11 percent Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid. |
| France's Hollande gets stormy welcome to power Posted:
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| Ex-tabloid boss Brooks faces phone hacking charges Posted:
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| Army opens jobs in combat battalions to women Posted:
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| NATO invites Pakistan to key summit Posted:
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