Just when you thought the very public war of words between activist investor Carl Icahn and eBay Inc. (Nasdaq: EBAY) was about to go nuclear, peace broke out.
In a letter to eBay shareholders, Icahn charged eBay leadership with the most “blatant disregard” for accountability that his firm Icahn Enterprises “has ever seen.”
Today’s Washington will never bring charges against big banks’ major Wall Street criminals – criminal charges, that is.
This week, the financial media has been up in arms about the record $13 billion fine levied on JPMorgan Chase & Co. (NYSE: JPM) for its connection with mortgage-backed securities.
The $13 billion settlement between JPMorgan Chase & Co. (NYSE: JPM) and the federal government shocked markets this week, as the fines would be a record paid by a Wall Street institution.
According to reports, the sum will amount to approximately half of the company’s 2012 profits.
Some key earnings reports that came in stronger than expected pushed markets higher Friday, to end the week with a gain.
JP MorganChase & Co. (NYSE: JPM) finds itself in front of regulators yet again for misdeeds.
Back in the times of the California gold rush, people didn’t need to work out how to invest in the bonanza. They simply grabbed some basic mining gear and headed up into the hills.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves…