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Wall Street flat, tech offsets JPMorgan downdraft

Posted on May 11, 2012 by Reuters: Business News
NEW YORK (Reuters) - Stocks were little changed in choppy trading on Friday as a sharp selloff in banks due to a huge loss by JPMorgan was offset by strong technology shares.

Posted in businessNews

Analysis: Insurers find it tough to price fracking risk

Posted on May 11, 2012 by Reuters: Business News
(Reuters) - From water worries to well blowouts, the inherent risks of oil and gas extraction are often played down by those in the business. But another group of profit-seekers has every reason to keep a close eye on dangers for drillers: their insurers.

Posted in businessNews

JPMorgan $2 billion trading loss dents teflon image

Posted on May 11, 2012 by Reuters: Business News
NEW YORK/LONDON (Reuters) - JPMorgan Chase & Co's shock trading loss of at least $2 billion from a failed hedging strategy knocked financial stocks across the globe on Friday, as well as the reputation of the biggest U.S. bank by assets and its CEO Jamie Dimon.

Posted in businessNews

Corporate monitor may be in Wal-Mart’s checkout lane

Posted on May 11, 2012 by Reuters: Business News
WASHINGTON (Reuters) - Retail giant Wal-Mart Stores Inc, faced with allegations that its Mexican unit paid $24 million in bribes to accelerate its expansion, could be forced to hire an independent monitor to ensure future compliance with U.S. anti-corruption laws.

Posted in businessNews

Pushing Chesapeake on governance, by proxy and fax

Posted on May 11, 2012 by Reuters: Business News
(Reuters) - One of the earliest critics of Chesapeake Energy Corp is a 70-year-old Denver investor with no patience for e-mail.

Posted in businessNews

Exclusive: Grocery chain Fairway Market eyes IPO: sources

Posted on May 11, 2012 by Reuters: Business News
(Reuters) - Fairway Market, the high-end grocery store chain that traces its origins to a fruit and vegetable stand in New York City in the 1930s, is considering going public, five sources familiar with the situation said.

Posted in businessNews

LinkedIn, others weigh Monster deal: sources

Posted on May 11, 2012 by Reuters: Business News
NEW YORK (Reuters) - LinkedIn Corp and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for Monster Worldwide Inc , according to people familiar with the matter, as the Internet jobs-search company is preparing data for potential buyers.

Posted in businessNews

Consumer sentiment at 4-year high in early May

Posted on May 11, 2012 by Reuters: Business News
WASHINGTON/NEW YORK (Reuters) - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans were upbeat about the job market and buying plans improved, a survey showed on Friday, offering an encouraging sign for the economic recovery.

Posted in businessNews

Ex-Goldman Flamand’s hedge fund misses rally: letter

Posted on May 11, 2012 by Reuters: Business News
LONDON (Reuters) - Edoma Partners, the hedge fund run by ex-Goldman Sachs star Pierre-Henri Flamand, has lagged behind rivals this year after a "frustrating" period when it missed out on a rally in stock and bond markets, a letter to its investors showed.

Posted in businessNews

Producer prices drop, giving Fed more space

Posted on May 11, 2012 by Reuters: Business News
WASHINGTON (Reuters) - Producer prices unexpectedly fell in April as energy costs dropped by the most in six months, a sign of easing inflation pressures that could give the Federal Reserve more room to help the economy should growth weaken.

Posted in businessNews

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