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 …
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 …
Housing starts add to recovery signsWASHINGTON (Reuters) - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell. The Commerce Department … More »Housing starts add to recovery signs
WASHINGTON (Reuters) - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell. The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March's starts were …
Facebook boosts IPO size by 25 percent, could top $16 billionNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the … More »Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money. Facebook, founded eight years ago by Mark …
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 …
Wall Street edges higher at openNEW YORK (Reuters) - Stocks rose on Wednesday with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as encouraging for markets. The Dow Jones industrial … More »Wall Street edges higher at open
NEW YORK (Reuters) - Stocks rose on Wednesday with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as encouraging for markets. The Dow Jones industrial average gained 46.93 points, or 0.37 percent, to 12,678.93. The Standard & Poor's 500 Index gained 6.62 points, or 0.50 …
Apple readies iPhone with larger screen: sourcesTOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the … More »Apple readies iPhone with larger screen: sources
TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday. Early production of the new screens has begun at three suppliers: Korea's LG Display, Sharp …
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, …
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 …
- 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 …
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 …
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, with a source familiar with the matter … 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, with a source familiar with the matter saying the automaker had decided Facebook's ads had little impact on consumers. The decision by GM, the third-largest …
- 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 …
- Mortgage refinancing applications jump; rates fall: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage … More »Mortgage refinancing applications jump; rates fall: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages surged last week, driven by increased demand for refinancing as interest rates hit fresh lows, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing …
- 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 …
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