Facebook stock closes nearly 4 percent higherBloomberg BusinessweekAlso on Thursday, a federal judge in Texas rejected a legal challenge to Facebook and leading investment banks over the IPO. A disgruntled shareholder had …
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Facebook stock closes nearly 4 percent higher – Sacramento Bee
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Facebook stock closes nearly 4 percent higherSacramento BeeAlso on Thursday, a federal judge in Texas rejected a legal challenge to Facebook and leading investment banks over the IPO. A disgruntled shareholder had …
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PC maker Dell to pay dividends
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PC maker Dell to pay dividends (via AFP) Struggling computer maker Dell announced Tuesday it will use some of its cash stockpile to pay shareholder dividends as it pursues a shift to services. Chairman and chief executive Michael Dell told CNBC television that in view of the PC maker’s cash position and a shift to…
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GM chief blames weak share price on Europe
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GM chief blames weak share price on Europe (via AFP) The head of General Motors blamed the automaker’s weak share price on the unsettled economic climate in Europe Tuesday as he prepared to address an annual shareholder’s meeting. “There is a lot of uncertainty generally about the strength of a major trading partner,” chairman and…
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JPMorgan Was Warned About Lax Risk Controls – CNBC.com
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CNBC.comJPMorgan Was Warned About Lax Risk ControlsCNBC.comA small group of shareholder advocates delivered an urgent message to top executives at JPMorgan Chase more than a year ago: the bank's risk controls needed to be improved. JPMorgan Now, af…
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Shareholders sue Dimon and JPM Board over trading loss | Reuters
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(Reuters) – JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion. “What the Company did not reveal was that those losses were the result of a marked shift in the…
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Legg Mason Rises Most in Two Years After KKR Repurchase – Bloomberg
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Legg Mason Rises Most in Two Years After KKR RepurchaseBloombergLegg Mason Inc. (LM), the money manager whose biggest shareholder is activist investor Nelson Peltz, soared the most in two years after saying it will repurchase $1.25 billion of debt from…
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Embattled JPMorgan boss survives power challenge
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(via AFP) Under-fire JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers Tuesday, as his bank faced an FBI probe over a shock $2 billion loss. Days after revealing that a scheme to hedge risk had spectacularly backfired, costing billions, Dimon dodged…
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Link to NY Times Live Blog of JPMorgan’s Annual Meeting
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TAMPA, Fla. — Days after disclosing a $2 billion trading loss, JPMorgan Chase’s chief executive, Jamie Dimon, will face shareholders at the bank’s annual meeting here on Tuesday. The meeting could mark a shift in investors’ attitudes. Mr. Dimon, who successfully steered the big bank through the worst of the financial crisis, had sidestepped much…
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Eddie Lampert: This Is A Very Difficult Time To Be Investing In Retail – Forbes
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ValueWalkEddie Lampert: This Is A Very Difficult Time To Be Investing In RetailForbesHOFFMAN ESTATES, IL – JUNE 21: A sign marks the entrance to the headquarters campus of Sears Holding Corporation on June 21, 2011 in Hoffman Estates, Illinois. (Image …
