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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The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash...
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Investors are not taking lightly the lackluster performance of the Facebook stock price (Nasdaq: FB).
On Tuesday the finger pointing blame game began, followed today (Wednesday) by lawsuits.
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When you lose the lottery, you can’t blame anyone but yourself for taking a sucker’s bet. That’s not stopping those that took a Facebook flyer from blasting others for their own gamble. With shares off 16% from the initial price of $38, they’re saying it’s Nasdaq’s fault for botching the offering. They say it’s...
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BloombergMorgan Stanley, Goldman Sachs Sued Over Facebook IPOBloombergMorgan Stanley (MS), Goldman Sachs Group Inc. (GS) and JPMorgan Chase & Co. were sued along with other underwriters and Facebook Inc. (FB) by investors who claimed they were misl...
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Moneycontrol.comThe numbers on the Facebook earnings revisionsReutersBy Poornima Gupta and Alexei Oreskovic | SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced ...
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JPMorgan Among Banks Sued For $1.8 Billion Over MortgagesBloombergJPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) are among the banks that were sued in New York for $1.8 billion over the sale of mortgage-backed securities. The banks ma...
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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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Wall Street JournalNews Summary: Insider trading trial of ex-Goldman Sachs board member starts in NYWashington PostTHE NEWS: A jury has been picked for the insider trading trial of Rajat Gupta, a former board member for Goldman Sachs and Procter & ...
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There has been a lot of focus on Facebook and whether or not the public deserved a first-day “pop” on the stock. First of all, the public doesn’t deserve anything. It expects plenty, but that doesn’t mean it deserves squat. That having been said, Zuck and company were more than a little greedy in...
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GigaOMGoldman Sachs Spreads Tech Investments After FacebookBloombergGoldman Sachs Group Inc. (GS), the bank which last week doubled its money from a 2010 bet on Facebook Inc. (FB), is ramping up investments in Web startups, underscoring the allure of h...
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Ex-Goldman director Rajat Gupta set for insider trading trialCNNMoneyBy James O'Toole @CNNMoney May 20, 2012: 8:15 AM ET Rajat Gupta leaves a Manhattan court after he surrendered to federal authorities in New York last October. NEW YORK (CNNMoney) ...
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The elections on May 6 only made the Eurozone's problems even worse. The French and the Greeks have rejected sensible policies in favor of self-delusion.
Those elections, and the failure of Greece to form a government, have actually moved the Eurozone crisis one step further - from potential...
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China’s home prices fell in a record number of cities last month and car dealers posted inventory levels that foreshadowed deeper price cuts, adding to signs of slowing growth in the world’s second-largest economy. Prices of new homes fell from a year earlier in 46 of the 70 cities tracked by the National Bureau...
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Telegraph.co.ukFOREX-Euro at 4 month low against dollar as crisis spinsReuters* Euro falls to 4-mth low vs dollar, eyes 2012 low * Broad demand for safe havens boost dollar and yen * Greek politics, Spanish bank woes weighing on sentiment By Nia Willia...
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Vanity FairBlockbuster IPO Doesn't Solve Facebook's Biggest Problem (VIDEO)ForbesThe event that investors and market watchers have been salivating over for months finally comes to fruition Friday when Facebook will make its debut as a publicly-...
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Market PlaygroundBlockbuster IPO Doesn't Solve Facebook's Biggest Problem (VIDEO)ForbesThe event that investors and market watchers have been salivating over for months finally comes to fruition Friday when Facebook will make its debut as a pub...
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Moneycontrol.comJudge in Gupta Insider Trading Case Indicates He Will Allow WiretapsNew York TimesBy PETER LATTMAN It is perhaps the government's most powerful piece of evidence in its case against Rajat K. Gupta, the former Goldman Sachs director ...
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As it approaches, the Facebook IPO just got bigger as more early investors look to cash out.
Just after the Facebook IPO price range got a boost, Facebook investors raised the number of shares they are selling in the social network giant's initial public offering. While the company...
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Reposted from The Truth About JP Morgan’s $2 Billion Loss – Washington’s Blog, with our thanks. On-site permission posted. Must-Read Background Before we can understand what’s really going on with JP Morgan’s loss (which will probably end up being a lot more than $2 billion), we need a little background. JP Morgan: Is the world’s largest publicly-traded...
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NEW YORK (MarketWatch) — Jamie Dimon is right. Regulation is making things worse on Wall Street. The Dodd-Frank Act has cost banks hundreds of millions in profits and has done nothing to prevent: — J.P. Morgan Chase & Co.’s big trading loss. — MF Global’s implosion and $1.6 billion in lost customer funds. —...
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CNBC.comOnce Remote, Goldman Sachs Puts On a Friendly Public FaceCNBC.comAfter a steady stream of criticism since the financial crisis, Goldman Sachs is trying to burnish its image. Last week, the company's chief executive, Lloyd C. Blankfein, gave...
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Earlier this year the Fed proposed new rules that would limit banks’ exposure to each other even more than the Dodd-Frank reforms, coming into force next year, already demand. The banks went away to think about it, and it’s safe to say they have some concerns. Goldman Sachs, in fact, has sent the Fed 20 pages-worth of its...
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BloombergGoldman's Jim O'Neill approached for BoE job: paperReutersBy Guy Faulconbridge | LONDON (Reuters) - Goldman Sachs' Jim O'Neill has been approached by Britain's finance ministry as a possible candidate to be the next governo...
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By now you've heard about Greg Smith.
He's the former executive director of Goldman Sachs (NYSE: GS) who pulled a Jerry Maguire on Wednesday while resigning from the illustrious Vampire Squid.
In his New York Times op-ed piece, otherwise known as the scorched-earth letter, Mr....
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There’s a reason Matt Taibbi tagged Goldman with the moniker “Vampire Squid” and it stuck. 3 cheers for Greg Smith. In going public about his now former employer Goldman Sach’s unethical and disgusting behavior his was an act of immense personal courage with no upside for him career wise or otherwise in this world...
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Juked by Medicine
This still moment on the verge of spring equinox, industrial civilization is taking a rest from its travails of finance and economy. The creaking and groaning vehicle of world banking lurches forward with its latest patch, the Greek fix, but the explosive resignation last week of a Goldman Sachs executive director Greg Smith, posted...
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