WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday.
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Obama wants tough rules after JPMorgan loss: report
Posted by cagan 9 days ago (http://www.reuters.com)
DealBook: JPMorgan’s Trading Loss Is Said to Rise at Least 50%
Posted by kagan 9 days ago (http://dealbook.nytimes.com)
Hedge funds and other investors taking advantage of JPMorgan Chase’s distress have fueled faster deterioration in the underlying credit market positions held by the bank.
Obama says JPMorgan loss shows need for Wall Street reform
Posted by cagan 11 days ago (http://www.reuters.com)
WASHINGTON (Reuters) - President Barack Obama said on Monday the huge trading loss at JPMorgan Chase & Co illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention.
JPMorgan $2 billion loss hits shares, credit, image
Posted by cagan 14 days ago (http://www.reuters.com)
NEW YORK/LONDON (Reuters) - 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 stiffer oversight for the banking industry.
The company’s loss is a rare misstep by Jamie Dimon, who prides himself on having his fingers on the pulse of his 270,000-employee company.
S.&P. Posts Monthly Loss, Its First Since November
Posted by kagan 25 days ago (http://www.nytimes.com)
Stocks on Wall Street edged lower following data that showed Americans only modestly increased spending in March.
RIM posts loss as new CEO begins to clean house
Posted by cagan 57 days ago (http://www.reuters.com)
TORONTO (Reuters) - Research In Motion posted a net loss and its first slump in BlackBerry shipments for its holiday quarter since 2006, as its new CEO announced the initial steps in a strategic overhaul and would not rule out an eventual sale of the company.
Last night, Beyonce and Jay-Z went to a fundraiser hosted by Michelle Obama in New York. And then Bey and Jay went to Nobu. These are the photos from those outings. Before we start with all of the controversial stuff, I’d just like to say that I really, really like Beyonce’s dress. It’s Victoria Beckham! [...]
Groupon loss and weak sales clobber shares
Posted by murat 107 days ago (http://news.yahoo.com)
(Reuters) - Groupon Inc reported a loss on Wednesday as user growth slowed from the breakneck pace of past quarters, potentially signaling consumer fatigue with daily deals and wiping 13 percent off its shares. In its first results report since going public, the daily deals company founded by Andrew Mason said it recorded higher taxes overseas that resulted in a net loss, although Wall Street had
Sony sees $2.9 billion loss, reveals daunting task for new CEO
Posted by cagan 114 days ago (http://www.reuters.com)
TOKYO (Reuters) - Japan's ailing electronics giant, Sony Corp, warned investors on Thursday it was heading for a worse-than-expected $2.9 billion annual loss, revealing the daunting task ahead for its incoming chief executive, Kazuo Hirai.
Nokia Reports a One-Billion-Euro Loss but Its Shares Rise
Posted by kagan 120 days ago (http://www.nytimes.com)
Nokia said it lost almost 1.1 billion euros ($1.4 billion) in the fourth quarter, compared with a profit of 745 million euros a year earlier.
Romney to right tax "mistake" after primary loss
Posted by cagan 124 days ago (http://www.reuters.com)
Columbia, South Carolina (Reuters) - Humbled by a stunning loss in South Carolina, Mitt Romney said on Sunday he would release this week the tax returns demanded by rivals as he bids to regain the upper hand in the volatile Republican presidential race.
Russia to hold US accountable for loss of Phobos Ground space probe
Posted by ebru 127 days ago (http://english.pravda.ru)
Vladimir Popovkin, the head of Russia's Federal Space Agency, named the main versions, which became the reasons for the failure of the nation's Phobos Ground Mars exploration project. Popovkin still believes that the Russian spacecraft could come out of order because of a US radar, even though US officials stated the opposite
Football: Shock loss for Gladbach
Posted by kagan 167 days ago (http://edition.cnn.com)
Borussia Monchengladbach's title hopes suffered a big blow on Saturday with a shock 1-0 defeat at bottom club Augsburg that stopped Lucien Favre's team moving top of the German Bundesliga.
Socialists Brace for Resounding Loss in Spain
Posted by cagan 190 days ago (http://www.nytimes.com)
Opinion polls are unanimous that the general election Sunday will unseat the government, making it the latest victim of Europe's ever-mounting debt crisis.
Sina swings to Q3 loss, cautious on 2012 ad spend
Posted by murat 199 days ago (http://news.yahoo.com)
(Reuters) - Sina Corp, the operator of China's largest Internet portal, swung to a third-quarter loss due to hefty writedowns on investments in two online businesses, and said it does not expect a significant increase in advertising spending next year.
DealBook: Goldman Loss Offers a Bad Omen for Wall Street
Posted by kagan 220 days ago (http://dealbook.nytimes.com)
The first loss at Goldman Sachs since the financial crisis points to what could be a more lasting shift in the financial industry.
Loss of Steve Jobs makes world 'iSad'
Posted by murat 230 days ago (http://news.yahoo.com)
The passing of Steve Jobs left people around the world "iSad" on Thursday, with countless mourners typing out their grief on the handheld Apple gadgets that have transformed modern life.
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