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RPT-INSIGHT-Dimon has big say over who serves on JPMorgan board
ReutersBy Nadia Damouni, David Henry and Ross Kerber May 16 (Reuters) - For years, JPMorgan Chase & Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank. The JPMorgan...Tags: Economy, Business and Finance, Tampa, Board of Directors, Business Enterprises, Johnson & Johnson Inc.
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WRAPUP 1-Data raises questions about strength of U.S. economy
Reuters* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...Tags: Economy, Business and Finance, Money and Monetary Policy, Labor Markets, ING Group, Unemployment Rate
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Treasure Valley man, others indicted in drug case
The Idaho StatesmanMark Ciccarello was indicted by a federal grand jury on multiple counts -- including conspiracy to distribute a controlled substance analogue, conspiracy to smuggle goods into the United States and conspiracy to launder money -- according to court...Tags: Justice System, Prosecution, Crime, Law and Justice, China, Defendants
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FACTBOX-What changes in swaps trading after Thursday vote?
ReutersWASHINGTON, May 16 (Reuters) - The top U.S. derivatives regulator is set to vote on new rules for swap trading platforms on Thursday that could break open Wall Street's dominant position in the $630 trillion derivatives market. The trading rules were a...Tags: Financial Markets, Economy, Business and Finance, Credit Ratings, Money and Monetary Policy, Lobbying
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Bangor pulls in the acts
Portland Press Herald, MaineJust a few years ago, if you wanted to see major music acts on their summer tours, you'd have to travel out of Maine. The closest major outdoor concert venues were out of state: Comcast Center in Mansfield, Mass.; Bank of America Pavilion in Boston; and...Tags: Toby Keith, Ke$ha, Boston, Bank of America Corp.
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Tesla Motors gear shift catches out many on Wall Street
ReutersBy Stephen Lacey May 16 (IFR) - Shrieks of pain could be heard across Wall Street last night as short-sellers were hit by the market's reaction to Tesla Motors' circa US$830m equity raise. Shares of the electric car manufacturer spiked 7.6% to US$91....Tags: Economy, Business and Finance, Hybrid Vehicles, Tesla, Goldman Sachs Group, Inc., Elon Musk
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Market Chatter-Corporate finance press digest
ReutersMay 16 (Reuters) - The following corporate finance-related stories were reported by media on Thursday: * Dish Network Corp has lined up four banks to finance its $25.5 billion bid for Sprint Nextel Corp, escalating the bidding war against Japanese...Tags: Economy, Business and Finance, Sprint Nextel Corporation, Personal Service, Roche Holding AG, Finance
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Bank's deal for Olean school falls apart
The Buffalo NewsA plan by Community Bank System to buy a vacant former elementary school in Olean and convert it to a loan operations center has fallen apart, after the bank found that the conversion costs far exceeded expectations and wouldn't yield enough space for...Tags: First Niagara Financial Group Incorporated, Erie County, Syracuse, HSBC Holdings plc
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Prosecutor: Bank was turned into "criminal enterprise"
The Virginian-PilotEdward Woodard Jr., former president and CEO of Bank of the Commonwealth, tried to steer the bank through troubled times with a series of practices that, while perhaps unusual, were legal. Or, he led a massive criminal conspiracy that ultimately cost...Tags: Prosecution, Criminals, Crime, Law and Justice, Prisons, Theft
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WRAPUP 1-Wall St commodity slump deepens in Q1, led by Morgan Stanley
Reuters* Morgan Stanley Q1 commodity revenues fall 77 pct * Total commodity revenues on Wall Street down 54 pct-Coalition By David Sheppard and Barani Krishnan NEW YORK, May 15 (Reuters) - Global investment banks suffered another bruising decline in commodity...Tags: Economy, Business and Finance, Money and Monetary Policy, Investments, Goldman Sachs Group, Inc., Business Enterprises
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Morgan Stanley's deputy head of investment banking exits -WSJ
ReutersMay 12 (Reuters) - Morgan Stanley's deputy head of investment banking, Ji-Yeun Lee, has left the firm in recent weeks, the Wall Street Journal reported, citing people familiar with the company. Lee was a key lieutenant to Paul Taubman, who previously co-...Tags: Newspaper and Magazine, The Wall Street Journal, Morgan Stanley Dean Witter & Company
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Motor racing's Ecclestone denies bribery in German case - lawyers
ReutersFRANKFURT (Reuters) - Lawyers for Formula One Chief Executive Bernie Ecclestone reiterated on Wednesday that he had not bribed a German banker during the 2005-2006 sale of a stake in the motor racing business, after a newspaper reported he had been...Tags: Prosecution, Bribery, Open-Wheel Racing, Corporate Crime, Munich (Germany)
May 16, 2013
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May 16, 2013
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May 16, 2013
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May 16, 2013
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May 16, 2013
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May 16, 2013
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May 15, 2013
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May 16, 2013
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May 16, 2013
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May 15, 2013
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May 12, 2013
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May 15, 2013
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