Sponsored by Jpmorgan chase

LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said.

LivingSocial, one of the major leaguers in the social-buying sector, has hired JPMorgan Chase, Deutsche Bank and Bank of America Merrill Lynch to oversee the company's upcoming initial public offering, a person with knowledge of the talks said.

Social coupon network LivingSocial has selected three banks to leads its IPO.

JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities.

The stock market was on fire today after investor confidence increased after two promising reports on the job market were released. The Dow Jones industrial average gained 94 points or 0.7%, closing at 12.720.

Pharmaceutical giant Pfizer (PFE) is considering selling its animal health and baby food units in hopes of appeasing shareholders' demands.

New York Attorney General Eric Schniederman on Thursday said JPMorgan Chase had reached a settlement with New York and 24 other states over anti-competitive conduct in municipal bond derivatives.

JPMorgan Chase was ordered to pay more than $35 million to settle allegations that employees participated in a bid-rigging scheme for derivatives sold to municipalities and non-profit organizations.

The top pre-market NASDAQ Stock Market gainers are: APAC Customer Services, Hi Tech Pharmacal, Rediff.com India, Sky-mobi, EnerNOC, and Nova Measuring Instruments. The top pre-market NASDAQ Stock Market losers are: Affymetrix, Quantum Fuel Systems Technologies Worldwide, Gulf Resources, Logitech International, Aixtron, and Starbucks.

Three Chinese banks are now in the world's top 10, underlining the dramatic growth of the country's financial industry in recent years, according to a new study released on Thursday.

JPMorgan Chase & Co promoted Jeff Urwin, a former Bear Stearns & Co banker who became co-head of its North American investment banking business, to a new role heading global investment banking industry groups, capital markets and mergers and acquisitions.

A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank's investors at the time of the housing market collapse.

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.

Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.

The trustee seeking money for Bernard Madoff's victims is now seeking $19 billion from JPMorgan Chase & Co, tripling the amount he hopes to recover from what was once the main bank of the imprisoned Ponzi schemer.

The trustee seeking money for Bernard Madoff's victims filed an amended complaint on Friday more than tripling the amount of damages he is seeking to recover from JPMorgan Chase & Co, once the imprisoned Ponzi schemer's main bank.

A U.S. appeals court on Friday revived a lawsuit by bondholders of the failed Washington Mutual Bank who are challenging the thrift's seizure by the FDIC and sale to JPMorgan Chase & Co .

Federal bankruptcy court approved on Thursday a settlement between the Lehman Brothers brokerage and JPMorgan Chase & Co in which the bank will return more than $800 million of cash and securities to resolve claims brought by the Lehman trustee.

JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.

JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.

PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada's U.S. retail bank operations for $3.45 billion in cash and stock, two people familiar with the matter said on Sunday.

Former Washington Mutual Inc Chief Executive Kerry Killinger and two of his top lieutenants are nearing a settlement with the Federal Deposit Insurance Corp over the failure of what was the largest U.S. savings and loan.

Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and staffing due to weaker markets and new regulation that will cut in to their profits.

The trustee seeking money for Bernard Madoff's victims plans to amend by June 24 his $6.4 billion lawsuit against JPMorgan Chase & Co , once the imprisoned Ponzi schemer's main bank.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who had been sidelined in February after the bank racked up billions of dollars in losses on mortgages and became mired in litigation over foreclosures.

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.

The companies whose shares are moving in pre-market trade on Thursday are: Macy's, J M Smucker, Motorola Solutions, Sprint Nextel, Sealed Air Corp, Carnival, JPMorgan Chase, Chesapeake Energy, Sunoco, Spectra Energy Partners and Urban Outfitters.

Alabama's Jefferson County, still reeling from a deal to finance a sewage system that has left the county deeply in debt, will put a third of its workers on unpaid administrative leave in an attempt to save money.

U.S. stocks slumped more than 1 percent in their worst day in more than two months on Wednesday after data that pointed to an economy running out of steam.