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World Business News


Wed, 16 May 2012 14:28:37 +0800 -
Shareholders sue JPMorgan Chase over trading loss
NEW YORK (Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
Wed, 16 May 2012 14:21:15 +0800 -
Housing starts, industrial output rise
WASHINGTON (Reuters) - Groundbreaking for homes rebounded in April and factory activity gained steam, suggesting the economy remains on a steady, if unspectacular recovery course.
Wed, 16 May 2012 14:05:28 +0800 -
Apple readies iPhone with bigger screen-sources
TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.
Wed, 16 May 2012 13:57:38 +0800 -
GE Capital gets OK to resume dividend to parent
(Reuters) - General Electric Co's finance arm won regulatory approval on Wednesday to resume returning some of its profit to the parent company, a move that came earlier than some analysts had expected and could clear the way for GE to speed up stock buybacks and raise its shareholder dividend.
Wed, 16 May 2012 13:43:57 +0800 -
FBI probes JPMorgan, shareholders back Dimon
TAMPA, Florida (Reuters) - The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into high-risk trades that first drew regulators' attention last month.
Wed, 16 May 2012 13:42:26 +0800 -
Wall Street edges higher at open
NEW YORK (Reuters) - Stocks rose on Wednesday with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as encouraging for markets.
Wed, 16 May 2012 13:28:28 +0800 -
Industrial output in April rises most in over a year
WASHINGTON (Reuters) - Industrial production posted its fastest growth in over a year in April, boosted by surging output at utilities and a rebound in manufacturing, the Federal Reserve said on Wednesday.
Wed, 16 May 2012 13:27:47 +0800 -
Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.
Wed, 16 May 2012 13:07:51 +0800 -
Swatch eyes single or double digit sales growth
BIENNE, Switzerland (Reuters) - Swatch Group , the world's biggest watchmaker, is expecting high single or double-digit sales growth this year as demand from China and for middle and lower-price products holds up in the face of global economic uncertainty.
Wed, 16 May 2012 11:21:26 +0800 -
Analysis: Key to Universal-EMI decision: Has music business lost control?
WASHINGTON (Reuters) - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry.
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Media Coverage of Professor Zvi Bodie's Public Lecture, 8 December 2009
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