Jpmorgan chase Stories
Blackberry Maker RIM Plunges; Activist Investor Calls For Sale, Directors Purge
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) fell nearly 20 percent after announcing a first-quarter loss of $518 million and a further delay in shipping the next-generation BlackBerry 10.
British, US Banks Fall Hard On News of Barclays Fraud
Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.
Pre-Market Movers (LiveDea, Orexigen Therapeutics, Barclays, Deutsche Bank, JPMorgan Chase, Lincare, Synta Pharma)
LiveDeal, Orexigen Therapeutics, Lincare Holdings, Synta Pharmaceuticals, Barclays, JPMorgan Chase and Deutsche Bank are among the companies whose shares are moving in pre-market trading Thursday.
No Surprise - Morgan Stanley, Others, Urge Facebook ?Buy?
Several underwriters that shared $176 million in fees from the $16 billion initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, told investors to buy the share Wednesday.
Morgan Stanley Getting Hit From All Sides
It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.
World?s Top 10 Most Respected Companies?And The Award Goes To Apple
Apple Inc. (Nasdaq: AAPL), the largest company on earth by stock-market value, again took the top spot in Barron's annual survey of corporate respect.
Facebook: Shares Surge Before Expected 'Buy' Flood From Underwriters
Facebook (Nasdaq: FB), the No. 1 social networking site saw its shares rise 4 percent Tuesday many of the 33 underwriters of its $16 billion initial public offering on May 17 will be free to publish stock recommendations.
Pre-Market Movers (Zynga, JPMorgan, Banco Santander, Morgan Stanley, Nokia, James River Coal, Syngenta)
Zynga, Syngenta, JPMorgan Chase, Banco Santander, James River Coal, Nokia Corp, Morgan Stanley and AIXTRON are among the companies whose shares are moving in pre-market trading Tuesday.
Dell?s Battle With Oracle: Now Bids $2.34B For Quest Software
Dell (Nasdaq: DELL), the No. 3 PC maker, seeking to battle Oracle (Nasdaq: ORCL), the No. 1 database developer, has bid as much as $2.34 billion for Quest Software (Nasdaq: QFST).
Technology Focus: Still Waiting For Digital Wallets
In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Moody's Downgrades 5 Big US Banks, 9 European Banks
Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.
Dell?s Plan To Combat Oracle Stymied In Quest Software Saga
Dell (Nasdaq: DELL), the No. 3 PC maker, seeking to battle Oracle (Nasdaq: ORCL), the No. 1 database developer, may have been stymied in its efforts to acquire Quest Software (Nasdaq: QFST).
'World's Largest Real Estate Bubble' Has China Worried
China's attempt to manage inflation in the real estate market is putting pressure on local governments and pushing homebuyers overseas.
Imagining U.S. Housing Without Fannie Mae And Freddie Mac
The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.
Technology Focus: Wielding The Cash Weapon
Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
RIM Founders Got $12 Million Farewell Gifts
BlackBerry developer Research in Motion made payments of $12 million to its founding co-CEOs after they quit earlier this year, the company told the U.S. Securities and Exchange Commission.
Pre-Market Movers (Royal Bank of Scotland, Nokia, Facebook, Navistar, JPMorgan Chase, Alcoa, GlaxoSmithKline)
Royal Bank of Scotland Group, Nokia Corp, Navistar International, Sohu.com, Facebook, JPMorgan Chase, Alcoa and GlaxoSmithKline are among the companies whose shares are moving in pre-market trading Friday.
Dimon Says JPMorgan's Actions 'Violated Common Sense'
JPMorgan Chase & Co (NYSE:JPM) Chairman Jamie Dimon floated unscathed through a hearing of the Senate Banking Committee meant to examine what happened inside his banking behemoth earlier in the year, when a massive bet on the credit-default swaps derivatives market reportedly meant to 'hedge' other bank risks went sour, resulting in multibillionaire losses.
JPMorgan's Dimon: Good Intentions Behind Bad Trades
JPMorgan Chase & Co Chief Executive Jamie Dimon defended the intent of the portfolio behind the bank's recent multibillion-dollar trading loss, telling lawmakers it was a genuine hedge that would make the firm a lot of money if a credit crisis hit.
Jamie Dimon Testimony: JPMorgan Chase CEO Heckled At Hearing With Lawmakers
Protestors were present on Wednesday, June 13, when JPMorgan Chase chief executive Jamie Dimon testified on Capitol Hill in Washington. The activists reportedly heckled Dimon as the head of the largest bank in the U.S arrived to take his seat at a Senate Banking Committee hearing.
Romney Trouncing Obama In Wall Street Money, But President May Come Back
The vast majority of donations from members of the financial industry have so far flowed to Mitt Romney, according to an analysis by POLITICO.
Facebook?s IPO Class Action Suits Echo Dot Com Era, But Investors Shouldn't Count Their Winnings Just Yet
Within a week of Facebook Inc.'s (Nasdaq: FB) $16 billion initial public offering, at least six lawsuits were filed against its top officials, including CEO Mark Zuckerberg, as well as six investment banks involved in the deal. That in itself is not surprising, considering the IPO flopped. What would be surprising is if the shareholders actually get anything near what they feel they deserve.
Italian Banks Primed To Blow Up
Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
Pre-Market Movers (Ancestry.com, JPMorgan, Shuffle Master, Facebook, Logitech, Diageo, Mitcham Industries)
Among the companies whose shares are moving in pre-market trading Wednesday are: Ancestry.com, Telefonica, JPMorgan Chase, Shuffle Master, Logitech International, Diageo, Facebook and Mitcham Industries.
RIM's New Woes Seen Speeding Loss of BlackBerry Users
Research In Motion's appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals.
CFTC Probing JPMorgan Emails: WSJ
The U.S. Commodity Futures Trading Commission has issued subpoenas to JPMorgan Chase & Co. to determine whether fraud was committed in connection with the bank's multibillion-dollar proprietary-trading fiasco, the Wall Street Journal reported Friday.
Pre-Market Movers (Coca-Cola, Bank of America, Dean Foods, General Electric, Citigroup, JPMorgan Chase and Facebook)
The companies whose shares are moving in pre-market trading Friday are: Coca-Cola Co., Bank of America Corp., Dean Foods Co., General Electric Co., Citigroup Inc., JPMorgan Chase & Co. and Facebook Inc.
Paradigm Shift: As RIM, Nokia Plunge Could Windows 8 Be Too Late To Save Them?
Shares of smartphone manufacturers Research in Motion (Nasdaq: RIMM) and Nokia (NYS: NOK) swooned this week on fears of mounting losses and dwindling share.
J.P. Morgan Reported Overhauling Unit With $2B Loss
J.P. Morgan Chase & Co is spinning off the special investments group from its scandal-plagued chief investment office in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.
RIM Activist Investor: Split Company In Half For Sale
Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.