Business/Finance :: Top Story
How Will JPMorgan’s $2B Loss Affect Banking Rules?
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.
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US Consumers Hold Back, Even as Gas Prices Fall
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.
Facebook Raises IPO Price as Offering Nears
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.
GBBC hosts NGLCC Diversity Roadshow & Northeast Regional Summit
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 Exec Becomes First Casualty of Bad Trade
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 Turns 28, IPO Could be $100B Gift
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.
Revolving Door: Yahoo Ushers Out Another CEO
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Marriage Equality May Not Be Beneficial for Some Business
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.
Cheaper Gas Drives US Wholesale Price Index Lower
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.
Panasonic Loss Balloons for Record Red Ink
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 Head Outlines Strategy for Seizing Firms
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.
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