All Latest News Wires
Facebook IPO: Half of Americans say Facebook is a fadFacebook IPO or not, a new poll shows skepticism. Could 900 million users worldwide be wrong? Half of those polled say the Facebook IPO price is too high.
Ina Drew retiring after JPMorgan losses. Will she get $14.7 million?Ina Drew, at the center of JPMorgan's stunning loss, was among its highest-paid executives. Proxy statement says Ina Drew would be entitled to nearly $14.7 million if she met 'full-career eligibility.'
Chesapeake Energy: Carl Icahn as investor? Sure!Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.聽
Oil prices remain below $95 a barrelOil prices in Asia are near a five-month low. Concerns that Greek election chaos could undermine confidence in Europe are behind sagging oil prices.
Stocks, euro tumble over Greek deadlockA political stalemate in Greece rattled financial markets worldwide on Monday, driving US stocks lower. The Dow dropped 125 points to close at 12695. The index has lost half of its gains for the year over the past two weeks.
Yahoo revolving door: Another CEO shuffleYahoo ousted CEO Thompson for inaccurate data on his bio, its fourth CEO in five years. Yahoo interim CEO Levinsohn must now try to build the struggling Internet company.
Facebook IPO could target higher priceFacebook IPO has far more buyers than stock, which could mean a revised Facebook IPO filing this week.聽
Stocks fall in Europe, Asia amid Greek turmoilStocks drop in France, Germany by more than 2 percent in early trading, following losses in China and elsewhere in Asia. Stocks also set to open lower in the US. 聽
JPMorgan Chase: Loss to force three executives to resign?JPMorgan Chase loss of $2 billion has caused Chief Investment Officer Drew to tender her resignation, a source says. Two of her subordinates involved in the JPMorgan Chase loss are also expected to resign.
Hedge funds: Money rolls in after stellar quarterHedge funds' inflow in April was nearly five times the rate in March but lower than the amount of investment hedge funds attracted a year ago.
Oil prices fall below $96 a barrelOil prices in Asia fall on concerns about slowing economic growth. Oil prices have fallen about 10 percent since last week.
JPMorgan reveals huge $2 billion trading lossJPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
Stocks break losing streak. Barely.The Dow rose 19 points to close at 12885 Thursday, just barely ending its longest losing streak since August.
Sony stock slides as entertainment giant suffers huge earnings lossSony stock dipped 1.2 percent in Tokyo following the news that Sony racked up a record $5.6 billion annual loss in 2011. It was Sony's fouth straight year in the red.
Tax evasion: Is IRS tough? Try Brazil's 'Lion.'Tax evasion is relentlessly sought out by Brazil's tax agents, known as 'The Lion.' Brazil is counting on the crackdown on tax evasion to fund ambitious government spending.
How Green Mountain stock plunge triggered chairman's ousterGreen Mountain Coffee ousted its founder as chairman after he sold company stock during a blackout period. Founder says he was blindsided by sudden fall of Green Mountain Coffee stock.
Health-care costs per retired couple: $240,000Health-care bills were expected to rise more slowly after the passage of Obama's health-care program, according to Fidelity's projection last year. Now, costs are rising again.
Stocks slide as doubts about Europe simmerStocks pitched down Wednesday in the US as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. The Dow lost 97 points to close at 12835 鈥� its sixth consecutive day of losses.
Vidal Sassoon remembered for pioneering women's hairstylesVidal Sassoon, who passed away Wednesday, was a veteran of Israel's 1948 war for independence and opened hair salons and styling academies on both sides of the Atlantic Ocean.
Credit card fraud case: $1.5 million. 38,000 people. On appeal.Credit card fraud scheme said to be one of the biggest in US history. Convicted ringleader appeals credit card fraud case.
