RefBan

Referral Banners

Yashi

Monday, May 14, 2012

Business Today: Wall Street down for 4th day of five, breaks support

Reuters » Business Today
Click to View in Browser
05/14/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street down for 4th day of five, breaks support
NEW YORK (Reuters) - Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.
JPMorgan CIO Drew retires after giant trading loss
LONDON/NEW YORK (Reuters) - The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning trading losses that experts say could exceed $3 billion.
Groupon reports first profit, shares surge
SAN FRANCISCO (Reuters) - Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending while signing up more customers and merchants, sending its stock 11 percent higher.
Falcone's LightSquared files for bankruptcy
(Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States appeared to collapse on Monday when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection.
Exclusive: EU to lodge suit against Argentina with WTO
MADRID (Reuters) - The European Union has agreed to file a trade suit against Argentina's import restrictions with the World Trade Organization (WTO), a senior Spanish government source said on Monday.
Chesapeake confident on asset sales, shares rise
(Reuters) - Chesapeake Energy Corp sought to calm Wall Street worries about its financial position, telling investors on Monday it was confident it would complete asset sales to plug a funding gap, sending shares up as much as 11 percent.
Ally aims to end mortgage woes with ResCap filing
(Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 billion in U.S. government bailout money.
Yahoo investors applaud change, fear limbo
(Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new questions about its future.
CEO probe forces Best Buy founder out as chairman
(Reuters) - Best Buy Co Inc founder Richard Schulze is stepping down as chairman after he failed to tell the board that a former chief executive had an improper relationship with a female employee, the electronics retailer said on Monday.
Wells Fargo names new chief compliance officer
(Reuters) - Wells Fargo & Co named Yvette Hollingsworth as its chief compliance officer, replacing Tim Marrinan who announced his retirement last year.
Related Video
Euro zone ministers focus on Greece
Shareholders cheer Yahoo CEO exit
Economic News
Consumer sentiment at 4-year high in early May
Fewer women in top U.S. tech jobs since 2010: survey
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Counterparties
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Money
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments:

Yashi

Chitika