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.
Roland Li
Jun 19, 2012
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.
David Zielenziger
Jun 17, 2012
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.
David Zielenziger
Jun 15, 2012
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.
Satya Nagendra Padala
Jun 15, 2012
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.
Eleazar David Meléndez
Jun 13, 2012
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.
Joseph Lazzaro
Jun 13, 2012
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.
Carey Vanderborg
Jun 13, 2012
The vast majority of donations from members of the financial industry have so far flowed to Mitt Romney, according to an analysis by POLITICO.
Jeremy White
Jun 13, 2012
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.
Angelo Young
Jun 09, 2012
Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
Eleazar David Meléndez
Jun 07, 2012
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.
Satya Nagendra Padala
Jun 06, 2012
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.
Manoj Kumar
Jun 03, 2012
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.
Eleazar David Meléndez
Jun 01, 2012
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.
Bhaskar Prasad
Jun 01, 2012
Shares of smartphone manufacturers Research in Motion (Nasdaq: RIMM) and Nokia (NYS: NOK) swooned this week on fears of mounting losses and dwindling share.
David Zielenziger
May 31, 2012
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.
David Zielenziger
May 30, 2012
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the good news, some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself.
Moran Zhang
May 25, 2012
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.
David Zielenziger
May 25, 2012
U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with underwriting approvals, turning away more prospective buyers and hurting the national housing market.
Roland Li
May 25, 2012
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.
David Zielenziger
May 24, 2012
Facebook (Nasdaq: FB), the No. 1 social network, didn?t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.
David Zielenziger
May 24, 2012
Shares of Facebook (Nasdaq: FB), the No. 1 social network, are up six cents to $32.06 in late morning trading on Thursday.
David Zielenziger
May 24, 2012