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Wednesday, May 16, 2012

Reuters Money: Chesapeake hikes loan as credit rating fades

Reuters » Money 2012
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05/16/2012
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
Chesapeake hikes loan as credit rating fades
(Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales.
Obama has assets in JPMorgan accounts: White House
WASHINGTON (Reuters) - President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account, according to financial disclosures released by the White House on Tuesday.
Berkshire adds GM, Viacom positions in first quarter
(Reuters) - Berkshire Hathaway added new positions in automaker General Motors and media conglomerate Viacom in the first quarter and cut its stake in chipmaker Intel by 33 percent, the conglomerate said in a quarterly holdings statement on Tuesday.
Avoiding the fate of Dewey partners
NEW YORK (Reuters) - The failing law firm Dewey & LeBoeuf is a good reminder to financial advisers about the complications of managing money for people in business partnerships.
Exclusive: Asset manager TCW looks to cash in on foreclosed homes
NEW YORK (Reuters) - TCW, a Los Angeles-based asset management firm, is looking to raise up to $250 million from investors for a fund that seeks to capitalize on the red-hot U.S. rental market for single-family homes.
Einhorn cuts stake in Microsoft
BOSTON (Reuters) - A year ago hedge fund investor David Einhorn very publicly urged Microsoft to get rid of its chief executive. Now he has dramatically gotten rid of more than half of his stake in the huge software company.
FBI probes JPMorgan, shareholders back Dimon
TAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into high-risk trades that first drew regulators' attention last month.
Analysis: State income up in April, but may not be enough
(Reuters) - Personal income tax collections in states in April might have grown an average of more than 7 percent, but for some the increase may not be enough to ease budget crises.
Managers like financials, some sell Apple
NEW YORK (Reuters) - Big U.S. hedge fund managers showed a lot for love for financial stocks in the first quarter of this year, regulatory filings reveal.
JP Morgan, TBTF and ZIRP: James Saft
(Reuters) - JP Morgan Chase's loss is the perhaps inevitable result of the interaction of two policies: too big to fail and zero interest rates.
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