Archive for the ‘News’ Category
Facebook IPO has halo effect for venture capitalists
For the handful of venture capitalists who backed Facebook in its early days, a huge financial payoff is not the only thing they may be celebrating when the company goes public later this week. In a business …
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In: News · Tagged with: capitalists, effect, Facebook, halo, Venture
East Asian powers agree on trade pact talks
Chinese Premier Wen Jiabao urged northeast Asian powers to cooperate more in the face of global economic headwinds, as China, Japan and South Korea agreed at a summit on Sunday to soon launch negotiations …
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In: News · Tagged with: agree, Asian, East, pact, powers, Talks, Trade
BMW CFO says may increase future dividends: report
BMW , the world’s biggest luxury car maker, may increase dividends to as much as 40 percent of profit in coming years if earnings continue to rise, Frankfurter Allgemeine Sonntagszeitung reported on Saturday, …
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In: News · Tagged with: Dividends, Future, Increase, Report, says
Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty
More volatility could be in store for stocks next week as investors grapple with less certainty about the economic outlook and a new blow to the financial sector after JPMorgan Chase’s trading loss. Europe …
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In: News · Tagged with: ahead, Bank, choppy, face, seas, Stocks, Street, uncertainty, Wall, Week, woes
JPMorgan $2 billion loss hits shares, credit, image
JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding …
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In: News · Tagged with: billion, credit, hits, image, JPMorgan, Loss, Shares
JPMorgan’s $2B Loss Stuns Wall St.
Just like that, the storied annals of Wall Street can now add “London Whale” to a growing list of infamous traders who have blown themselves up and left their employers with a hefty bill.
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In: News · Tagged with: JPMorgan’s, Loss, Stuns, Wall
Stock futures signal drop after JPMorgan loss
Stock index futures were down on Friday, pointing to a lower open on Wall Street, after JPMorgan Chase & Co stunned investors with news of “significant mark-to-market losses” that it said could …
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In: News · Tagged with: after, Drop, Futures, JPMorgan, Loss, signal, Stock
Surprising JPMorgan loss hits stock market late
Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred “significant mark-to-market losses” that …
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In: News · Tagged with: hits, JPMorgan, Late, Loss, Market, Stock, Surprising
Jobless Claims Fall, Trade Gap Widens
The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after April’s weak employment growth.
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In: News · Tagged with: claims, fall, jobless, Trade, widens
Sony sees return to profit after record annual loss
Japanese consumer electronics giant Sony Corp posted a record net loss of $5.74 billion last year, but expects a return to profit this year as it trims losses in its TV business. Sony shares, valued at …
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