Pressure rises on JPMorgan over risk, clawbacks
By David Henry TAMPA, Florida | Tue May 15, 2012 10:59am EDT TAMPA, Florida (Reuters) – Shareholders of JPMorgan Chase Co gathered in the hundreds on Tuesday for its annual meeting, as pressure rises on the bank and Chief Executive Jamie Dimon over billions of dollars in trading losses. Even as the meeting kicked off, [...]
Chesapeake shares drop as loan increased to $4 billion
Tue May 15, 2012 10:50am EDT (Reuters) – Chesapeake Energy Corp shares dropped as much as 6.5 percent early on Tuesday after sources said the natural gas producer had increased a new bridge loan to $4 billion from $3 billion. The company, which faces a funding shortfall of about $10 billion this year, said on [...]
Home Depot sales miss estimates; shares fall
By Dhanya Skariachan Tue May 15, 2012 8:20am EDT (Reuters) – Home Depot Inc (HD.N) reported weaker-than-expected quarterly sales on Tuesday after demand slowed in April following a jump in home improvement projects spurred by warm weather earlier in the year. The news sent shares of the world’s largest home improvement chain down more than [...]
Shares in TV maker Loewe jump on Apple bid talk
FRANKFURT | Mon May 14, 2012 5:53am EDT FRANKFURT (Reuters) – Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from Apple. Web blog AppleInsider cited a person familiar with the matter as saying Apple was willing to pay 87.3 million euros ($113 [...]
Yahoo shares up after CEO exit
Mon May 14, 2012 10:09am EDT (Reuters) – Yahoo Inc (YHOO.O) investors welcomed the appointment of a media veteran as interim Chief Executive of the Internet company after Chief Executive Scott Thompson stepped down following a controversy over his academic record. Yahoo shares rose 1.7 percent after the company said on Sunday that Thompson was [...]
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