The European Central Bank no longer offers help to Greek banks it believes are insolvent. (Reuters) Some brokerage firms stop taking orders for Facebook shares. (Reuters) Japan’s gross domestic product rises 3.5%…
J.P. Morgan Chase & Co. (NYSE: JPM) has already sent its long-time Chief Investment Officer named Ina Drew packing after the $2 billion loss that surfaced last week. The damage to J.P.…
Jon C. Ogg The number of shares Facebook will sell rose 25% and the company could raise as much as $16 billion. (Reuters) Greeks take hundreds of millions of dollars out of banks there and…
Two of the three major US stock indexes opened higher this morning as investors reacted to the news from Greece that no government could be formed and that a second election will…
The Europeans need to make a decision soon. It is time to deal with Greece, then the markets can decide how they will deal with the Greek banking system. The baby-sitting and…
Rumors persist, most recently reported by Bloomberg, that Apple (NASDAQ: AAPL) will launch a new super-thin line of laptops. The latest version of the MacBook will be powered by Intel (NASDAQ: INTC) chips, a…
Many Americans, and some politicians, have attacked the boards of major U.S. corporations for paying their CEOs too much, not holding management to tough earnings goals and lining their own pockets with…
The president of Greece cannot create a coalition government. (Reuters) Sony (NYSE: SNE) and Panasonic may force a partnership to build OLED TVs. (Reuters) Trouble at Chesapeake Energy (NYSE: CHK) may prompt…
The California Public Employees’ Retirement System (CalPERS) remarked that it will pressure the JP Morgan (NYSE: JPM) board to split the CEO and chairman roles to water down the power of long-time…
Douglas A. McIntyre Maybe Jamie Dimon CEO of JP Morgan (NYSE: JPM) did a long-time colleague a favor. Ina Drew, the CIO of the bank, “retired” today. She ran the unit of the financial firm responsible…
Douglas A. McIntyre The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that…
Several senior JP Morgan (NYSE: JPM) executives will leave the bank in the wake of its $2 billion trading loss. (Reuters) Yahoo! (NASDAQ: YHOO) ex-CEO Scott Thompson has thyroid cancer. (WSJ) Greece will…
It is safe to assume that JP Morgan (NYSE: JPM) CEO Jamie Dimon will keep his job as CEO after the bank’s astonishing announcement that it had a trading loss of $2 billion,…
Douglas A. McIntyre A few hours after a Fitch downgrade, S&P said its outlook for JP Morgan (NYSE: JPM) has gone from “Stable” to “Negative” in the wake of a $2 billion loss on a…
Douglas A. McIntyre In the midst of calls for JP Morgan (NYSE: JPM) CEO Jamie Dimon to step down, and new scrutiny over a $2 billion trading loss by agencies in the US and UK, Fitch…
Douglas A. McIntyre 
