INVESTMENT

Bruno Michel Iksil: White Whale, or Jonah?

Workers tow a fin whale up a ramp to a processing plant at the Hvalfjordur whaling station, about 70 km north of Reykjavik
Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
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A woman clad in burqa walks out of the Nejat drug rehabilitation centre, an organisation funded by the United Nations providing harm reduction and HIV/AIDS awareness, in Kabul

The Global Fund Gets $1.6 Billion Shot In Arm

The Global Fund, a leading financier in the struggle against AIDS, tuberculosis and malaria, expects to have an additional $1.6 billion to fund projects in 2012-2014, its new chief said on Wednesday, a turnaround from a funding freeze last year.
Priceline.com CEO Jeff Boyd

Priceline Beats Estimates, But 2Q Outlook Disappoints

Priceline.com Inc. (Nasdaq: PCLN), the online travel agent, said first quarter revenue increased 28.2 percent to $1 billion as more customers used its airline and hotel booking services, particularly internationally.
IBTimes Logo

McDonald's April U.S. sales miss estimates

Neither premium chicken sandwiches nor Angus burgers could tempt U.S. consumers to spend more on higher-priced items at McDonald's, as a tepid U.S. economic recovery kept restaurant spending in check.
Mark Zuckerberg

Facebook IPO: Five Things To Consider Before You Buy Facebook Stock

As Mark Zuckerbeg and other top Facebook executives have hit the road in an effort to draw interest in what is estimated to be the largest intital public offering in internet history, the Co-Founder and CEO is betting that investors will Like Facebook. The Menlo Park, California-based Facebook will set its final price on the eve of May 18 -- the company's first day of trading.
Univision panel

ABC, Univision to Start Joint Venture Cable News Network

ABC News and Spanish-language broadcaster Univision have announced they will be launching an English-language 24/7 news network later in the year that will be focused on the growing number of Hispanic media consumers in the United States.
America Movil

America Movil Offers $4.2B For KPN Stake

America Movil the telecom group controlled by Mexican tycoon Carlos Slim, has offered to buy a stake worth up to 3.2 billion euros ($4.2 billion) in Netherlands-based KPN NV, seeing it as a base for potential expansion in Europe.
NYSE

Western Markets Shake Off Euro Election Jitters: Daily Markets Wrap.

Western markets rallied Monday to make up for jitters about French and Greek election results that sent them down earlier. The rebound was possibly due to investors looking for bargains after stocks were dumped Friday after the disappointing U.S. nonfarm payrolls report.
Russia

Russia's Putin Orders Investment, Labor Shake-Up

Vladimir Putin ordered Russia's government to boost investment and shake up state-run industries in a flurry of decrees issued after he returned to the presidency on Monday with a call for a new economy.

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