Jpmorgan chase Stories
Facebook IPO: Could FTC Probe Throw Wrench Into Deal?
Facebook (Nasdaq: FB), the No. 1 social network, is facing a probe into its acquisition of Instagram that could delay its $100 billion initial public offering.
JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
Freddie Mac To Name Former E*Trade Chief Donald Layton New CEO: WSJ
Freddie Mac, the second-largest mortgage guarantor, will announce the appointment of Donald Layton, former head of E*Trade Financial Corp., as a new CEO as early as Thursday, the Wall Street Journal said.
US Stock Index Futures Signal Wednesday Weakness
Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures 0.3 percent weaker, and Nasdaq 100 futures off 0.5 percent at 04:54 a.m. EDT (0854 GMT).
Japan's Asahi To Buy Calpis For $1.5 Billion
Asahi Group Holdings (Tokyo: 2502), the Japanese beer company, said Tuesday it would buy milk producer Calpis for 120 billion yen ($1.5 billion) in its largest acquisition to date as it seeks more revenue outside of beer sales.
Oil, Stocks, Yields Tumble: Daily Markets Wrap
Disappointing jobs growth in the U.S., together with shrinking manufacturing and services activity in the euro zone, had equities and commodities in retreat and bond yields down. News this weekend isn't likely to calm jitters, with elections in both Greece and France, which may get its first new socialist president since 1981.
First Facebook Trade At $35? Not If History Has A Vote
Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 337.4 million shares at $35 apiece, which could raise as much as $13.6 billion, assuming over-allotment options.
Facebook IPO Price Will Be $35
Facebook, the 901-million-member social network priced its initial public offering at $35. It could be the biggest-ever IPO.
European, US Officials Struggle To Tighten Banking Rules
European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.
Facebook IPO Date Is May 18, 2012: Why Mark Zuckerberg's Social Network Is Worth $100 Billion (And Then Some)
The IPO on everyone's minds for the past few years -- and possibly the biggest one in history -- is upon us: Facebook will finally make its Wall Street debut on Friday, May 18, 2012. Sources also say Facebook will begin its IPO roadshow on Monday, May 7. Will Mark Zuckerberg enjoy the biggest IPO in history?
Delta To Bid On ConocoPhillips' Oil Refinery For $150 Million: Reuters
Delta Air Lines Inc. (NYSE: DAL), the second-largest U.S. commercial airline, is reportedly close to a bid for a Pennsylvania oil refinery that could mitigate high fuel costs by cutting out the middleman.
Wells Fargo Enters Prime Brokerage World With Merlin Acquisition
Wells Fargo & Co. (NYSE: WFC) annouced Friday the acquisition of prime broker Merlin Securities LLC for an undisclosed amount. The move is the bank's first move into prime brokerage services, which provides clients such as hedge fund managers to records-handling and trade-clearing services.
Procter & Gamble's Q3 Earnings Slip, Full-Year Outlook Cut
The Procter & Gamble Company (NYSE: PG), the world's largest consumer-goods company, said its fiscal third-quarter profit fell 16 percent, weighed down by higher commodity prices and restructuring-related costs.
The Procter & Gamble Company (NYSE: PG) Earnings Preview: Profit Falls In Q3
The Procter & Gamble Company (NYSE: PG), the world's largest consumer-goods company, is expected to report lower profit when it unveils its fiscal third-quarter earnings before the market opens on Friday, hurt by higher commodities costs and a stronger dollar.
Fed unlikely to offer hints of easing
The Federal Reserve resumed a two-day meeting on Wednesday that is expected to yield upward revisions to its growth forecasts but not enough for officials to take off the table the option of a further easing of monetary policy.
Pre-market Movers (AAPL, ARMH, BRCM, S, LLY, AMGN, HOG, BIDU, ABB, FTI)
The companies whose shares are moving in pre-market trade Wednesday are: Apple Inc, Arm Holdings, Broadcom Corp, Sprint Nextel, Eli Lilly, Amgen Inc, Harley-Davidson, Baidu Inc, ABB Ltd and FMC Technologies.
JPMorgan's Urwin takes Asia Pacific CEO role
JPMorgan Chase on Tuesday named Jeff Urwin as its new chief executive Asia Pacific, taking over from Gaby Abdelnour who announced in March that he will be leaving the firm.
Nestle To Buy Pfizer Nutrition For $11.85 Billion
Nestle SA, the world's largest food group, said Monday that it has agreed to acquire children's food maker Pfizer Nutrition for $11.85 billion.
JPMorgan wins second victory in Lehman-linked lawsuit
JPMorgan Chase & Co on Friday won the dismissal of a pension fund lawsuit accusing it of mishandling its money by investing in notes from its client Lehman Brothers Holdings Inc, which later went bankrupt.
Haitong To Raise $1.68 Billion In World’s Biggest IPO In 2012: Report
Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter.
Judge narrows Lehman $8.6 billion lawsuit vs. JPMorgan
A federal judge has narrowed Lehman Brothers Holdings Inc's $8.6 billion lawsuit against JPMorgan Chase & Co , potentially reducing how much creditors of what was once the fourth-largest U.S. investment bank may ultimately recover.
Bank of America tops expectations on better credit quality
Bank of America Corp posted a better-than-expected first-quarter earnings on Thursday as the No. 2 U.S. bank set aside less money for loan losses and capital markets activity rebounded.
Facebook’s IPO Could Top $100 Billion After Instagram Deal
Facebook’s $1 billion deal to acquire Instagram may have resulted in pushing the initial public offering price for the No. 1 social media network even higher.
Morgan Stanley beats estimates on strong trading
Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading on Thursday.
Can You Have Too Many Credit Cards?
Vitaly Pecharsky, chief technology officer for the shopping site SlickDeals.net, is something of a credit card collector and has 40 active credit cards to show for his passion.
Howard Stern Lawsuit Dismissed: What This Means For The Shock Jock
Howard Stern's lawsuit against satellite radio provider, SiriusXM, has been thrown out. The case was dismissed after Judge Barbara Kapnick ruled that Stern's contract only included awards for Sirius subscribers, not those of XM.
Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises
Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.
BoA Seeks Buyer For $3B Non-US Wealth Management Business
Bank of America Merrill Lynch, the world's largest wealth manager, is seeking a buyer for its wealth management operations outside the U.S., Reuters said Tuesday.
Chinese, Spanish, US News Hammers Investors: Daily Markets Wrap
The bears were on the prowl Friday, as negative economic news out of China, Spain, and the U.S. left global investors struggling to find safe places for their cash -- and the positive developments that did surface appeared to have little effect.
Mortgages Boosted JPMorgan Chase and Wells Fargo in 1Q, But Stocks Plunge
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks.