Vatican, Benetton settle dispute over pope kiss adVATICAN CITY (Reuters) - Italian fashion firm Benetton has agreed to make a donation to a Catholic charity to end a legal dispute with the Vatican over an advertisement that showed Pope Benedict kissing … More »Vatican, Benetton settle dispute over pope kiss ad
VATICAN CITY (Reuters) - Italian fashion firm Benetton has agreed to make a donation to a Catholic charity to end a legal dispute with the Vatican over an advertisement that showed Pope Benedict kissing an imam on the lips, the Vatican said on Tuesday. Spokesman Father Federico Lombardi said the Vatican had won a moral …
Facebook boosts IPO size by 25 percent, could top $16 billionNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong … More »Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about the company's long-term potential to make …
Facebook increases IPO range to raise $12.1 billionNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social network … More »Facebook increases IPO range to raise $12.1 billion
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social network a valuation potentially exceeding $100 billion. The company, founded eight years ago by Mark Zuckerberg in a Harvard dorm …
FBI launches JPMorgan probe, shareholders back DimonTAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into … More »FBI launches JPMorgan probe, shareholders back Dimon
TAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into high-risk trades that first drew regulators' attention last month. The news did little to spook investors, who sent …
Chesapeake hikes loan as credit rating fades(Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales. The company, which … More »Chesapeake hikes loan as credit rating fades
(Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales. The company, which has sought to soothe investors angered by recent disclosures about its chief executive's potential conflicts of interest, …
Obama has assets in JPMorgan accounts: White HouseWASHINGTON (Reuters) - President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account, according to financial disclosures released by the White House … More »Obama has assets in JPMorgan accounts: White House
WASHINGTON (Reuters) - President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account, according to financial disclosures released by the White House on Tuesday. Obama said this week that JPMorgan was "one of the best managed banks there is" despite its $2 billion …
- JPMorgan trade on regulators' radar in April: source
NEW YORK (Reuters) - Regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase & Co, and they posed questions to senior management at the bank, … More »JPMorgan trade on regulators' radar in April: source
NEW YORK (Reuters) - Regulators first raised concerns in April about trading positions that led to a $2 billion-plus loss at JPMorgan Chase & Co, and they posed 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 …
Analysis: Euro twilight zone beckons for GreeceLONDON (Reuters) - Speculation about an endgame in Greece's protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there's still every chance that uncertainty will … More »Analysis: Euro twilight zone beckons for Greece
LONDON (Reuters) - Speculation about an endgame in Greece's protracted crisis has flooded markets with euro exit scenarios this week, but investors reckon there's still every chance that uncertainty will simply drag on for months. Seeking clear-cut outcomes to the euro saga to date has proven fruitless for investors, who …
GM to drop Facebook ads due to low consumer impactDETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public. While GM gave no specific reason for … More »GM to drop Facebook ads due to low consumer impact
DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public. While GM gave no specific reason for dropping Facebook ads, a source familiar with the automaker's plans said the company's marketing executives decided Facebook's …
- Chesapeake's $4 billion bridge frees for trading
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, … More »Chesapeake's $4 billion bridge frees for trading
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 …
- JPMorgan was warned risk management not up to task
NEW YORK, May 15 (Thomson Reuters Accelus) - CtW Investment Group, a labor-backed shareholder group, last year warned JPMorgan Chase & Co that its risk management committee was not up to the task and sought … More »JPMorgan was warned risk management not up to task
NEW YORK, May 15 (Thomson Reuters Accelus) - CtW Investment Group, a labor-backed shareholder group, last year warned JPMorgan Chase & Co that its risk management committee was not up to the task and sought to remove one of its members, Ellen Futter, who had been a director at American International Group Inc (AIG) before …
Foreclosed Americans find way back to homeownershipNEW YORK (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less … More »Foreclosed Americans find way back to homeownership
NEW YORK (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, in March, they purchased a $297,000 house outside Phoenix, Arizona, after qualifying for a loan backed …
- Big stock position puts Chesapeake employees at risk
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 … More »Big stock position puts Chesapeake employees at risk
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. …
Avon shares fall 10 percent after Coty withdraws offer(Reuters) - Avon Products Inc's shares fell 10 percent in their first session since smaller rival Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller. Avon's … More »Avon shares fall 10 percent after Coty withdraws offer
(Reuters) - Avon Products Inc's shares fell 10 percent in their first session since smaller rival Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller. Avon's shares fell to $18.60 Tuesday morning, below their levels just before Coty first went public with its unsolicited but …
Greek turmoil sends euro and global shares lowerLONDON (Reuters) - World shares fell and the euro touched a fresh four-month low on Wednesday, as investors fled riskier assets on fears a Greek exit from the euro zone was more likely after talks to form … More »Greek turmoil sends euro and global shares lower
LONDON (Reuters) - World shares fell and the euro touched a fresh four-month low on Wednesday, as investors fled riskier assets on fears a Greek exit from the euro zone was more likely after talks to form a new government failed, forcing another round of elections. Greek political leaders will try to agree a caretaker government …
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