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Business/Finance :: Top Story

A JPMorgan office building.

How Will JPMorgan’s $2B Loss Affect Banking Rules?

FINANCE | By Daniel Wagner | Tuesday May 15, 2012
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.

Shoppers carry their purchases along 33rd Street in New York.

US Consumers Hold Back, Even as Gas Prices Fall

FINANCE | By Martin Crutsinger | Tuesday May 15, 2012
Lower gas prices in April weren’t enough to embolden U.S. consumers to spend much more elsewhere. The Commerce Department said retail sales rose only 0.1 percent last month.
Screens outside the Grauman’s Chinese Theatre on Hollywood Blvd. advertise for people to "Become a Fan" of the Theatre on Facebook.

Facebook Raises IPO Price as Offering Nears

CORPORATE | Tuesday May 15, 2012
Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world’s most popular social network.
Screens outside the Grauman’s Chinese Theatre on Hollywood Blvd. advertise for people to "Become a Fan" of the Theatre on Facebook.

GBBC hosts NGLCC Diversity Roadshow & Northeast Regional Summit

CORPORATE | By EDGE | Monday May 14, 2012
The Greater Boston Business Council (GBBC), Massachusetts gay and lesbian chamber of commerce, was host to two prominent National Gay and Lesbian Chamber of Commerce (NGLCC) events from May 2 - 4, 2012.
 JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, center flanked by Goldman Sachs & Co. Chief Executive Officer

JPMorgan Exec Becomes First Casualty of Bad Trade

CORPORATE | By Pallavi Gogoi | Monday May 14, 2012
The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss.
Facebook CEO Mark Zuckerberg

Facebook CEO Turns 28, IPO Could be $100B Gift

CORPORATE | By Barbara Ortutay | Monday May 14, 2012
Facebook’s chief executive turned 28 on, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday.
Ross Levinsohn, Yahoo Executive Vice President of Americas

Revolving Door: Yahoo Ushers Out Another CEO

CORPORATE | By Michael Liedtke | Monday May 14, 2012
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Ross Levinsohn, Yahoo Executive Vice President of Americas

Marriage Equality May Not Be Beneficial for Some Business

FINANCE | By Jason St. Amand | Monday May 14, 2012
Many argue that gay marriage would bring companies a diverse workplace environment and would boost business -- but a recent New York article explains that some of the best states in which to do business are states that do not recognize marriage equality.
Vegetables are displayed at a vendors stand at the Italian Market.

Cheaper Gas Drives US Wholesale Price Index Lower

FINANCE | By Martin Crutsinger | Friday May 11, 2012
A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April. Outside that drop, prices barely rose.
A Panasonic sign at an electronics retailer in Tokyo.

Panasonic Loss Balloons for Record Red Ink

CORPORATE | By Yuri Kageyama | Friday May 11, 2012
Panasonic’s January-March losses ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.
FDIC Acting Chairman Martin Gruenberg

FDIC Head Outlines Strategy for Seizing Firms

CORPORATE | By Marcy Gordon | Friday May 11, 2012
The next time a big bank or financial firm fails regulators hope to avoid a major blow to the economy by seizing the firm’s parent company while allowing its healthy subsidiaries to continue operations the head of the Federal Deposit Insurance Corp. says.