COMPANIES

JPMorgan

JPMorgan's 'London Whale' To Be Gone By Year-End: Report

Bruno Iksil, the trader behind the $2-billion-and-counting loss at New York-based banking giant JPMorgan Chase and Co. (NYSE: JPM) that has been the talk of New York and Washington for the past few days, will be leaving the bank within the year, the New York Times' Dealbook blog reported Wednesday.
It’s Facebook’s Turn to Take Legal Actions against Yahoo

Facebook IPO: Why Did Underwriters Boost Its Value?

A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
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The Android Plan: Why Google Will Mimic Microsoft To Conquer Apple

Google will reportedly work with up to five different manufacturers at once to offer a wide variety of Android devices, including both smartphones and tablets. The move is a big power play from Google in its efforts to surpass Apple, and it could absolutely work, mainly because it's worked before with Microsoft.
People walk past a JC Penney advertisement in a subway station in Manhattan New York

JC Penney Ends Quarterly Dividend, Reports Losses, Shares Tumble

J.C. Penney Company Inc. (NYSE: JCP) reported net losses of $163 million for the three months preceding April 28, 2012, and said that it would discontinue its 20 cent per share quarterly dividend to help fund its ongoing restructuring, the company announced Tuesday.
Lobby of JP Morgan Chase headquarters in Manhattan

FBI Investigating JPMorgan Chase: Report

The U.S. Justice Department has launched an investigation of a huge trading loss incurred by JPMorgan Chase & Co. (NYSE: JPM), the Wall Street Journal said on Tuesday.
Facebook, the world's biggest social network with 900 million-plus users, is finally ready to make its Wall Street debut on Friday, May 18, 2012. Facebook is clearly dominant in its industry, but buying stock so quickly might be unwise. Here are five reas

Facebook IPO Date Approaches: 5 Reasons You Shouldn't Buy Stock

Facebook, the world's biggest social network with 900 million-plus users, is finally ready to make its Wall Street debut on Friday, May 18, 2012. Facebook is clearly dominant in its industry, but buying stock so quickly might be unwise. Here are five reasons why you shouldn't go buy Facebook stock right away.
Avon Solutions bottles.

Coty Drops $10.7B Bid For Avon

Coty Inc. withdrew its $10.7 billion offer to buy Avon Products Inc. (NYSE: AVP) following months of failed communication by Avon, the company announced on Monday.
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Coty Drops Takeover Bid For Avon

Coty Inc said Monday evening it is withdrawing its $10.7 billion takeover bid for Avon Products Inc, saying the world's largest cosmetics direct seller had missed its deadline to start talks.
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Court Refuses To Delay BofA-Merrill Lynch Settlement

A federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp directors and shareholders who accused the bank of overpaying for Merrill Lynch & Co.
JPMorgan Chase & Co. CEO Jamie Dimon attends a session at the World Economic Forum (WEF) in Davos January 27, 2011.

JPMorgan Board Stands By Dimon; Fed Joins Probe Of Loss

As the leader of JPMorgan Chase & Co's hedging unit quit after trading losses that could end up exceeding $3 billion, the board seemed to be rallying behind CEO Jamie Dimon before the huge bank's annual shareholder meeting Tuesday.
Gamestop

GameStop Will Sell Steam Vouchers For $20, $50

GameStop, in an effort to push digital sales, will be $20 and $50 vouchers to be used on Steam, the video game distribution platform for Mac and PC games, at all of its U.S. retail locations.
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Groupon Reports First Profit; Shares Surge

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.
Apple 'iPhone 5': Major Featurse, Specs, Schematics Released By Repair Site [REPORT]

Apple iPhone 5 Features Surface: Leaked Audio Components Signify Departure From Old Design [RUMORS]

Little by little, we are slowly putting the pieces of the iPhone 5 puzzle together. On Saturday, Hong Kong-based components supplier SW-Box claimed to have come into possession of a group of new components, including a headphone jack, ear speaker, and a Wi-Fi cable part, which are all allegedly being built for Apple's sixth-generation iPhone. What else does Apple have in store for the iPhone 5?

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