A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Sorting out Facebook's disappointing IPOPhiladelphia InquirerFacebook, born at Harvard University just eight years ago, is a real company with large cash flows and significant profits: It earned $1 billion last year on $3.7 billion in revenue, acco...
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Firsthand Tech, GSV Hurt By Facebook's IPO PerformanceWall Street JournalGSV bought its 350000 Class B shares at less than $30 each, while Firsthand's 600000 Facebook shares were acquired at an average $31.50 apiece. Prior to the IPO, Facebook ...
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LifeHealthProJP Morgan loss latest argument for regulationThe RangerThat's the message from Jamie Dimon, the swaggering CEO of JP Morgan Chase, the nation's biggest bank. Recently, Dimon announced that JP Morgan had lost $2 billion on investmen...
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Time Out ChicagoChicago Sun-Times parent company buys Chicago Reader alternative weeklyChicago TribuneCHICAGO (AP) — The parent company of the Chicago Sun-Times has purchased the Chicago Reader, the city's alternative weekly. Wrapports CEO Timoth...
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A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It’s based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just “selectively disclosed” information to a small group...
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AdweekAOL reshuffles advertising executivesReuters* Ned Brody named CEO of Advertising.com * SVP Jim Norton joins executive committee * Janet Balis named publisher of Huffington Post unit By Jennifer Saba May 23 (Reuters) - AOL Inc is reorganizing its ...
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Jamie Dimon and JP Morgan: Too big to learn?msnbc.comElijah Cummings, D-Md., joins MSNBC's Martin Bashir to discuss whether JP Morgan's roughly $3B loss could mean more regulation, and whether Mitt Romney can keep talking about needing “less ...
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ForbesJPMorgan's $6 Billion Case of Lyme DiseaseForbesJPMorgan CEO James Dimon: The illness of one of his top executives went a long way toward causing the mulitbillion-dollar losses at the bank. We've run many stories at Forbes parsing the rea...
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USA TODAYProbe of JPMorgan losses discussed at Senate hearingUSA TODAYBy Marcy Gordon, AP WASHINGTON – Federal regulators are reviewing what JPMorgan Chase (JPM) told investors about its finances and the risks it took weeks before suffering a multibi...
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Daily MailRivals Go to Lunch on JP Morgan's LossesWall Street JournalBy GREGORY ZUCKERMAN And LIZ RAPPAPORT The trading blunders that have cost JP Morgan Chase & Co. at least $2 billion are shaping up as a boon for some of the bank's bigges...
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The RepublicISS Steps Up Heat On Wal-Mart Board With 'No' Votes For 4 DirectorsWall Street JournalBy Karen Talley Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Corporate governance firm Institutional Shareholders Services, or ISS, has recommende...
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Financial NewsJP Morgan Shares Now Negative for Year as Analysts Add CutsWall Street Journal (blog)According to FactSet Research, nearly three-quarters of the 37 analysts on JP Morgan rate it a buy or the equivalent of buy. Evercore — Downgrade to eq...
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Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. All the while, his bank’s losses, partly resulting from lax regulation, continued to grow. An initial $2 billion trading loss is now likely well north of $30 billion, including a 19 percent...
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ForbesJPMorgan CEO Should Affirm If Dividend Is Safe, Citigroup SaysBusinessWeekBy Rick Green on May 21, 2012 JPMorgan Chase & Co. (JPM) (JPM) Chief Executive Officer Jamie Dimon may give investors “a better explanation” of how the bank lost $2...
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Telegraph.co.ukCORRECT: Ryanair Says Fuel Costs, Euro Crisis To Pinch ProfitWall Street Journal(In "UPDATE: Ryanair Says Fuel Costs, Euro Crisis To Pinch Profit," at 1032 GMT, the surname of the airline's deputy chief executive was misspe...
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ITNRyanair Says Fuel Costs, Euro Crisis To Pinch ProfitWall Street JournalDB) Monday warned earnings will fall sharply this year as it becomes harder to offset high fuel costs with fare increases amid tough economic conditions in Europe. But the Irish ...
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Telegraph.co.ukRyanair warns Europe slowdown to cut profitReuters* Irish airline beats forecasts with 25 pct 2012 profit surge * Warns profit to slump by up to 20 pct in coming year * CEO says fare hikes won't compensate for higher fuel * Announces...
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JPMorgan's debacle, and its parallels to AIGWashington PostLast week, the once-future Treasury secretary and current JPMorgan Chase CEO Jamie Dimon revealed a $2 billion loss. This previously undisclosed derivative trade should be a wake-up call fo...
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Groupon CEO, founders to keep shares after lockupReuters* Mason, other founders to keep shares * Groupon shares fall 6 percent NEW YORK May 17 (Reuters) - Groupon Inc Chief Executive Andrew Mason and the company's other founders are planning to kee...
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Could misdirection over the meaning of a simple, five-letter word – hedge – be at the heart of the roiling controversy over JPMorgan Chase’s embarrassing $2 billion loss in European trading? CEO Jamie Dimon tried to quiet the storm at JPMorgan Chase & Co.’s annual shareholders’ meeting Tuesday… But proponents of stronger U.S. financial...
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Can Yahoo Become a Modern Media Company?BusinessWeekBy Mathew Ingram on May 15, 2012 Now that Yahoo! (YHOO) has managed to make its way through yet another CEO shuffle—its sixth in five years—the former portal must figure out what its future looks ...
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(via South Florida Law Blog) The Jamie Dimon Apology Tour is in full swing. Perhaps you caught the first stop on this weekend’s Meet the Press. The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss. He called it an “egregious mistake”. He claims...
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TheStreet.comShould Facebook Fire JPMorgan?TheStreet.comBy Dan Freed 05/15/12 - 06:02 AM EDT NEW YORK (TheStreet) -- JPMorgan Chase (JPM), which disclosed losses of $2 billion on a trading strategy Chairman and CEO Jamie Dimon had defended less than a ...
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Best Buy Probe Finds Dunn Didn't Misuse FundsWall Street JournalBy MELODIE WARNER Best Buy Co.'s board found former Chief Executive Brian Dunn's didn't misuse company resources as he conducted an inappropriate relationship with an emplo...
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AFPRBS Posts Wider Net Loss As It Shrinks Balance SheetWall Street JournalLONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) Friday hailed the progress it has made in its target of shrinking its way back to profitability and once again becoming...
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PV-TechFirst Solar, SunPower See 2012 Gains After Quarterly LossBloombergFirst Solar Inc. (FSLR) and SunPower Corp. (SPWR), the two largest US solar companies, said restructuring efforts this quarter will improve 2012 results after posting first- quart...
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New York TimesChesapeake faces SEC probeCNNMoneyBy Hibah Yousuf @CNNMoneyInvest May 3, 2012: 5:46 PM ET Chesapeake Energy and its embattled CEO Aubrey McClendon are facing an investigation by the Securities and Exchange Commission. Click the photo to c...
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