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Monday, May 21, 2012

Reuters Money: JPMorgan's whale in a fishpond: John Kemp

Reuters » Money 2012
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05/21/2012
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
JPMorgan's whale in a fishpond: John Kemp
LONDON (Reuters) - Former Kansas City Fed President Thomas Hoenig suggested banks that are too big to fail are also too big to exist, and should be broken up ("Financial reform: post-crisis?" Feb 23, 2011).
Management Tip of the Day: Streamline your company
BOSTON (Reuters) - Businesses, as they grow, tend to become more complex but there are ways to bust through the labyrinth and keep closer tabs on the bottom line, says Harvard Business Review.
Facebook shares fall below $38 issue price in premarket
NEW YORK (Reuters) - Facebook Inc's shares slid below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its Friday debut.
Rajat Gupta faces jury in insider trading case
NEW YORK (Reuters) - Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles.
Houghton Mifflin files Chapter 11 bankruptcy
(Reuters) - Houghton Mifflin Harcourt Publishers Inc filed for bankruptcy protection on Monday, after the publisher of textbooks reached an agreement with a majority of its creditors to cut about $3.1 billion of debt.
Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing.
Henderson plans expansion into Australia funds market
LONDON (Reuters) - Henderson Global Investors has appointed an industry veteran to build a fund management business in Australia, seeking to harness the benefits of the country's resilient economic growth and rapidly expanding pensions system.
Analysis: China eschews fiscal fanfare for supportive spending
BEIJING (Reuters) - China's focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want.
Analysis: Investors lose faith in stock valuation compass
LONDON (Reuters) - European shares look cheap according to some traditional measures but investors are finding it hard to judge whether they are a good buy given the potential damage to companies and economies if Greece were to leave the euro zone.
Collectors don't like Facebook memorabilia
CHICAGO (Reuters) - Mark Zuckerberg may be worth an estimated $19 billion, thanks to Facebook's initial public offering. But on eBay, he's worth exactly $375 - that is, if you choose to purchase a "Mark Zuckerberg Poking Inventor Action Figure."
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