May 12 2012

JP Morgan: A black mark for survivor of financial crisis – Poughkeepsie Journal

Category: BusinessShort Irish Guy @ 11:58 am

New York Times
JP Morgan: A black mark for survivor of financial crisis
Poughkeepsie Journal
In this file photo from Jan. 13, 2010, from left, Goldman Sachs Group, Inc. Chairman and Chief Executive Officer Lloyd Blankfein; JPMorgan Chase & Company Chairman and Chief Executive Officer Jamie Dimon; Morgan Stanley Chairman John Mack and Bank of
After JPMorgan loss, a call for stricter oversightKFMB News 8
JPMorgan Chase faces growing scrutinyBBC News
Q&A on surprise $ 2B trading loss at JPMorgan9NEWS.com
TIME -ABC News
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BBC News
EU central bankers ponder Greece euro exit
BBC News
Europe central bankers have been openly expressing views on the possibility of Greece leaving the eurozone as its leaders struggles to form a government. Germany's top banker said it was up to the Greeks to decide, but if they did not keep to their
Pressures intensify on European leadersReuters
Euro Falls to 3-Month Low Against Dollar on Greek Debt ConcernBloomberg
ECB's Honohan: Greece Euro Exit Can Be ManagedBusinessWeek
Telegraph.co.uk -Washington Post -Los Angeles Times
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CBS News
What Yahoo CEO's false bio tell us about resume fraud
Local 10
The vetting process and the subsequent hiring of Yahoo CEO Scott Thompson seemed like standard procedure. But in recent days he has come under fire for the controversy surrounding his academic credentials. A graduate of Stonehill College,
Who Would Want To Be Yahoo CEO Now?Business Insider
Yahoo's CEO isn't the only leader who has fudged resumeWashington Post
Yahoo CEO says he never provided a resume-sourceReuters
New York Times -BusinessWeek -Wall Street Journal
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May 11 2012

SEC Opens Review of JP Morgan – Wall Street Journal

Category: BusinessShort Irish Guy @ 1:53 pm

Telegraph.co.uk
SEC Opens Review of JP Morgan
Wall Street Journal
By JEAN EAGLESHAM The Securities and Exchange Commission has begun reviewing JP Morgan Chase & Co.'s disclosures related to the $ 2 billion trading loss announced by the company Thursday, according to a person familiar with the matter.
JPMorgan's Dimon loses clout as reform criticReuters
JPMorgan's $ 2 billion blunder fans calls for transparencyUSA TODAY
Washington sees JPMorgan's $ 2b loss as ammunition for stronger regulation Washington Post
TheStreet.com -Forbes -MarketWatch
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Bloomberg
Facebook co-founder renounces US citizenship
CNN
By David Goldman @CNNMoneyTech May 11, 2012: 2:35 PM ET NEW YORK (CNNMoney) — Eduardo Saverin, one of Facebook's four co-founders, has renounced his US citizenship, according to the Internal Revenue Service. The expatriation, first reported by
Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPOBloomberg
Facebook Billionaire Gives Up Citizenship to Escape Bad American Tax PolicyForbes
Facebook Co-Founder Saverin Renounces CitizenshipCNBC.com
BusinessWeek -AFP -CNET
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Telegraph.co.uk
Spanish Government Requires New Provisioning Bump From Banks
Wall Street Journal
By Jonathan House and Christopher Bjork MADRID (Dow Jones)–The Spanish government said Friday it will force local banks to set aside an additional EUR30 billion to cover potential losses and to speed up the disposal of troubled assets, as investors
Spain overhauls its banks to help avoid bailoutLos Angeles Times
Markets Skeptical Of Spain's Banking Sector OverhaulForbes
Doubt remains over Spanish bank reformsFinancial Times
San Francisco Chronicle -AFP -MarketWatch
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Telegraph.co.uk
FOREX-Euro near 3-1/2-month low vs dollar as Greece churns
Reuters
* Euro down 2.3 pct after falling in 8 of 10 sessions * Greece political uncertainty weighs * Options show bias for euro puts By Julie Haviv NEW YORK, May 11 (Reuters) – The euro hovered near a 3-1/2-month low in volatile trade on Friday as political
Germany tells Greece not to stray if it wants cashChicago Tribune
Schaeuble Dares Greek Euro Exit as Contingency Plans CraftedSan Francisco Chronicle
Fitch may put euro-zone states on negative watchMarketWatch
ABC News
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Bloomberg
Early-May Reuters/UMich Sentiment Up To 77.8 From 76.4 In Late-April
Wall Street Journal
NEW YORK—US consumers started this month feeling more upbeat about the economy, according to data released Friday. The Thomson Reuters/University of Michigan consumer sentiment index for early May increased to 77.8 from 76.4 at the end of April and a
We need more than cheap gasMarketWatch
Consumer Sentiment in U.S. Climbs to Four-Year High: EconomySan Francisco Chronicle
Consumer Sentiment at More Than 4-Year High in MayCNBC.com
Bloomberg -Fox Business
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May 11 2012

GLOBAL MARKETS: European Stocks Seen Down; JP Morgan’s $2B Loss Weighs – Wall Street Journal

Category: BusinessShort Irish Guy @ 3:53 am

CBC.ca
GLOBAL MARKETS: European Stocks Seen Down; JP Morgan's $ 2B Loss Weighs
Wall Street Journal
By Ishaq Siddiqi Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stock markets are expected to fall at the open Friday, hit by US banking giant JP Morgan Chase & Co. booking at least $ 2 billion in trading losses, while caution persists ahead of
A Shock From JPMorgan Is New Fodder for ReformersCNBC.com
JPMorgan's loss may cost all banksBBC News
JPMorgan's Trading Losses, Implications on IndustryBusinessWeek
WTSP 10 News -Reuters -Detroit Free Press
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Business Today
FOREX-Euro hits 3-1/2-mth low, Aussie eyes parity
Reuters
* Euro extends losses on stop-loss selling * News of JPMorgan trading loss dents risky assets * Aussie sags after China industrial output disappoints * Dollar index hits two-month high as safety sought By Anirban Nag LONDON, May 11 (Reuters) – The euro
Asian stocks lower as traders eye Greek political upheaval, slowing China economyWashington Post
Emerging Stocks Drop, Head for Biggest Weekly Loss SinceBloomberg
Asian stocks lower as traders eye Greece, ChinaHouston Chronicle

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Fortune
P&G shifts top executives to Singapore
Economic Times
SINGAPORE: US consumer giant Procter and Gamble (P&G) said today it will relocate top executives in its skin, cosmetics and personal care unit to Singapore to capitalise on the burgeoning Asia-Pacific market. The unit's "leadership team" will move from
P&G beauty chief Virginia Drosos to step downFortune
P&G to move some beauty units to SingaporeBusinessWeek
P&G to Move Skin Care, Cosmetics Group to SingaporeFox Business
Reuters -Wall Street Journal -Forbes
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Moneycontrol.com
News Summary: China, US clash over audits
BusinessWeek
By AP NEW RULES: China is laying out new rules mandating that a Chinese citizen lead the mainland Chinese operations of the world's big four auditing companies. DETAILS: The big audit companies — Deloitte Touche Tohmatsu, Pricewaterhousecoopers,
China orders Big Four accounting firms to localize operationsLos Angeles Times
China moves to local control of foreign auditorsCNN
Risks loom as China orders Big 4 auditors to go localReuters
Wall Street Journal -New York Times -Washington Post
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AFP
Germany flexible on inflation as prices rise
Reuters
By Annika Breidthardt | BERLIN May 11 (Reuters) – German inflation hovered above the euro zone's target for a 15th consecutive month in April, but both the government and the country's central bank have signalled they will tolerate higher prices as
Yes, Germany Might Boost Inflation. Here's HowBusinessWeek
Germany to Euro Zone: Do as We Say, Not as We DoWall Street Journal
Breaking a German Taboo Bundesbank Prepared to Accept Higher InflationSpiegel Online
RTE.ie -Bloomberg -AFP
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May 10 2012

JP Morgan Flags $2 Billion Trading Loss – Wall Street Journal

Category: BusinessShort Irish Guy @ 5:54 pm

The Guardian
JP Morgan Flags $ 2 Billion Trading Loss
Wall Street Journal
By DAN FITZPATRICK And LIZ RAPPAPORT JP Morgan Chase & Co. has taken $ 2 billion in trading losses in the past six weeks and could face an additional $ 1 billion in second-quarter losses due to market volatility, Chief Executive James Dimon said Thursday
JPMorgan Woes Signal Trouble for Banks, Market: Fast ProsCNBC.com
JPMorgan suffers big lossCNNMoney
JP Morgan stock plunges after hours on 'egregious' trading lossesLos Angeles Times
Fox Business -BusinessWeek -The Associated Press
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Globe and Mail
US STOCKS-Surprising JPMorgan loss hits stock market late
Reuters
* Jobless claims drop in latest week * Euro zone to keep financing Greece until gov't formed * Cisco falls as forecast misses view * Dow up 0.2 pct, S&P up 0.3 pct, Nasdaq down 0.04 pct By Edward Krudy NEW YORK, May 10 (Reuters) – US stock index
How the Dow Jones industrial average and other major stock indexes fared on Washington Post
News Summary: Dow rises, breaking losing streakBusinessWeek
DJIA Breaks Six-Session Skid; Greece Hopes Enough To Boost Blue ChipsWall Street Journal
DailyFinance -Economic Times
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AdAge.com
Henretta Succeeds Drosos as P&G Moves Leaders Outside U.S.
AdAge.com
Procter & Gamble Co. is shaking up global-management ranks and moving leadership of a global business unit overseas from its Cincinnati headquarters for the third time in less than a year. In this latest shift, Deb Henretta, longtime head of the
P&G moves personal-care hub to AsiaFinancial Times
Procter & Gamble to move beauty unit to SingaporeReuters
Procter & Gamble moves its beauty business headquarters from Ohio to SingaporeGlobalPost
Wall Street Journal -Forbes -Fortune
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MyFoxOrlando.com
Digital 'wallets' proliferate at cellphone show as companies jockey for position
Washington Post
NEW ORLEANS — Cash, coins and credit cards are so Twentieth Century. At least, that's the opinion of electronics manufacturers, phone companies, banks and credit card issuers that expect cellphones to be the main way consumers pay for purchases in the
Digital 'wallets' proliferate at cellphone showSeattle Post Intelligencer

all 106 news articles »

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ABC News
Want More Money? Move to the Mid-Atlantic or New England, Study Finds
ABC News
Want to get richer over your lifetime? Live in New York, New Jersey or Maryland, according to a groundbreaking study released today by the Pew Center on the States. People living in the Mid-Atlantic and New England states tend to be the most
Pew on economic mobility: To get ahead, try Northeast or MidwestLos Angeles Times
US economic mobility is highest in Maryland, New Jersey and New York: Pew reportGlobalPost
Study: Economic mobility depends on the state you live inUSA TODAY
Sacramento Bee -BusinessWeek
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May 09 2012

Google Moves For Mistrial In Oracle Case – Wall Street Journal

Category: TechShort Irish Guy @ 11:15 pm

Telegraph.co.uk
Google Moves For Mistrial In Oracle Case
Wall Street Journal
By John Letzing Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)–Google Inc. (GOOG) filed papers for a new trial over Oracle Corp.'s (ORCL) claims that Google's Android mobile software infringes upon copyrights that protect Oracle's Java technology,
Judge slams door on attempt to derail Google's 'fair use' defenseCNET
Judge Declines to Eject Google's 'fair Use' Defense From Android TrialPCWorld
Google Files Motion for Mistrial in Java Copyright CasePC Magazine
InformationWeek -Wired News
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msnbc.com
HTC Evo 4G LTE (Sprint)
CNET
The HTC Evo 4G LTE is a worthy successor to Sprint's Evo family, as long as you remember one important caveat: until Sprint gets its LTE network off the ground, the Evo 4G LTE won't actually run 4G — it will be 3G only at first.
Hands On With Virgin, Boost's New 4G PhonesPC Magazine
Sprint's HTC EVO 4G LTE hits on May 18msnbc.com
First sample shots with HTC's EVO 4G LTE for SprintEngadget
Bayoubuzz -TechCrunch -PCWorld
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Firstpost
Ad Growth Not Keeping Up With Users: Facebook
BusinessWeek
By Brian Womack on May 09, 2012 Facebook Inc. (FB) (FB), the social networking service that is preparing for an initial public offering, said gains in daily users outpaced advertising growth in the second quarter as more members accessed the site from
Facebook warns that shift to mobile devices could harm businessLos Angeles Times
Facebook Reveals Vulnerability in MobileWall Street Journal
Facebook amends IPO filing: Mobile a growing problemCNET
San Francisco Chronicle -Washington Post -TechCrunch
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May 09 2012

US Stocks Pare Most Of Day’s Losses In Afternoon Trading; DJIA Off 21 – Wall Street Journal

Category: BusinessShort Irish Guy @ 1:54 pm

AFP
US Stocks Pare Most Of Day's Losses In Afternoon Trading; DJIA Off 21
Wall Street Journal
By Jonathan Cheng US and European stocks pared their losses after signs that Greece will receive its latest bailout package, though investors remained concerned about the future of the euro zone's peripheral countries. The Dow Jones Industrial Average
US stocks chase European indexes lower The Associated Press
U.S. Stocks Trim Losses on Report Greece Will Get Rescue PaymentSan Francisco Chronicle
US stocks down as fears about Europe simmerBusinessWeek
Reuters -Los Angeles Times
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Financial Times
Centre-left in push for Greek coalition
Financial Times
By Kerin Hope in Athens and Gerrit Wiesmann in Berlin Greece's centre-left party was set to make a final attempt at coalition-building on Thursday after failing to reach common ground in talks with the radical leftwing Syriza party.
GLOBAL MARKETS-Stocks fall, bonds gain on Greek fearsReuters
Germany Tells Greece To Keep To Reforms Or Forfeit AidWall Street Journal
Happy Europe Day! Well, Not in GreeceBusinessWeek
Telegraph.co.uk -Washington Post -San Francisco Chronicle
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MiamiHerald.com
USPS keeps rural post offices open, cuts hours
Los Angeles Times
By Ian Duncan WASHINGTON — The United States Postal Service stayed the sword hanging over thousands of rural post offices, opting instead to cut opening hours in a bid to stem devastating financial losses. USPS estimates the plan will save $ 500
Ax won't fall on rural post officesCNN
Postal Service drops plan to close rural post officesUSA TODAY
Postal Service: Will keep rural post offices openBusinessWeek
San Francisco Chronicle -Reuters
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Telegraph.co.uk
Europe Keeps Greece Afloat With More Bailout Money
CNBC.com
Euro zone governments kept Greece afloat on Wednesday after agreeing to authorize a payment of 5.2 billion euros from the region's bailout fund, despite opposition from some member states following the Greek election results. After a conference call,
Greek Leftist Party Sees Fresh Elections As Only Solution -SourceWall Street Journal
Greek leftist fails to form government, returns mandateReuters
Greek politicians still struggling to form governmentLos Angeles Times
Bloomberg -Houston Chronicle -BusinessWeek
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Globe and Mail
Occupy Bank of America. Hundreds protest.
CNNMoney
By Maureen Farrell @CNNMoneyInvest May 9, 2012: 1:47 PM ET Hundreds of protesters gathered outside Bank of America's headquarters in Charlotte, NC for the shareholders' meeting. NEW YORK (CNNMoney) — Hundreds of protesters decamped outside Bank of
Bank of America Shareholders Protest, but Approve PayNew York Times
Bank of America CEO faces shareholder ire as protests swirlLos Angeles Times
BofA Chief Moynihan Faces Shareholder Ire as Protests SwirlSan Francisco Chronicle
Federal Way Mirror -Syracuse.com
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May 09 2012

US Futures Fall – Wall Street Journal

Category: BusinessShort Irish Guy @ 5:53 am

Globe and Mail
US Futures Fall
Wall Street Journal
By WILLIAM WATTS US stock index futures traded lower Wednesday as investors remained focused on political turmoil in Greece and related worries over Europe's sovereign-debt problems. More than two hours before the start of trading, Dow Jones Industrial
Stock index futures signal weaknessReuters
US stock index futures signal weaknessEconomic Times
Turmoil in Europe pushes stocks lower in USBusinessWeek
Bloomberg -MarketWatch
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Los Angeles Times
UPDATE 1-Disney's profit, revenue rise; shares move higher
Chicago Tribune
LOS ANGELES, May 8 (Reuters) – Walt Disney Co's quarterly earnings, dragged down by a loss from science fiction bomb "John Carter," beat Wall Street expectations with 21 percent profit growth driven by its theme parks and media networks.
Disney reports 21% rise in profit during 2QOrlando Business Journal
Walt Disney profit jumps 21% despite 'John Carter' flopLos Angeles Times
Disney Races to Exploit 'Avengers' After 21% Profit RiseBloomberg
Reuters -Wall Street Journal -Washington Post
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Boston.com
Toyota Projects Profit to Double in Fiscal Year
New York Times
TOKYO — Toyota Motor reported another step in its uneven road to recovery Wednesday, saying that income for the fiscal year that ended in March had tumbled, but that it expected profit for the current year to more than double to ¥760 billion,
Toyota predicts profit to double this yearFinancial Times
Toyota profits tumble in FY2011, pledges recoveryAFP
Toyota quarterly profit quadruples on recoveryDayton Daily News
USA TODAY
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Stocks: Investors still on edge
CNNMoney
By CNNMoney staff @CNNMoneyInvest May 9, 2012: 6:16 AM ET NEW YORK (CNNMoney) — US stocks point to a lower open Wednesday, as investors remain on edge over developments in Europe. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq

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AdvisorOne
Survey: Oklahoma City Tops for Small Business
Wall Street Journal
By ANGUS LOTEN Small businesses in Oklahoma City may be less frustrated with local regulations than small businesses elsewhere. Local business owners gave Oklahoma City top marks for "overall regulatory friendliness" – including health and safety,
Small businesses rate Idaho and Texas friendliest states, California and New Sacramento Bee
5 friendliest states for small businessCNNMoney
Idaho, Texas among friendliest for SMBs, finds surveyBizReport
AdvisorOne -StateImpact Idaho -Pacific Business News
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