Author Archives: Justin Rains

JPMorgan risk committe has a museum head, formerly on AIG board

Among the directors overseeing risk at JPMorgan Chase & Co , one of them is a museum head , the ex-committee member of AIG Inc.’s governing body way back in 2008 , who is a grandson of a billionaire and … Continue reading

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Lehman to buy remainder stake in Archstone for $1.58 billion

Lehman Brothers Holdings Inc will be acquiring 26.5 % of the remainder stake in the apartment firm Archstone , which is not still with it , from Bank of America and Barclays Capital for $1.58 billion. According to the sources … Continue reading

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How small investors got rolled over in Facebook IPO

Ever since Facebook debuted on the stock exchange , there has been a lot of finger pointing that has been going on against it. CFO David Ebersman’s decision to increase the size of the offering by a huge 25 % … Continue reading

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Dow wins $2.16 billion arbitration against PIC

The Petrochemicals Industries Co of Kuwait , the state-run chemical firm , has to pay Dow Chemicals $2.16 billion as per an arbitrator’s ruling for cancelling a joined venture in plastics planned by the two firms in 2008. The ruling … Continue reading

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Facebook stock plunges 18 % below the IPO price

Stock of Facebook Inc. continued to plunge as it dropped by another 8 % in early morning trading and after pulling back a little was trading at 3 % at the time of reporting. Facebook shares slid by as much … Continue reading

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Stock futures down over Dell concerns and euro zone worries

The stock index futures were down on Wednesday before the European leaders meet and also over the fears of Greece exiting the euro zone. Also what weighed on the sentiment of the investors , was below than average and lesser … Continue reading

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China has direct access to U.S Treasury bonds : Reports

In a highly unprecedented move , the U.S Treasury Department in June 2011 had granted the direct-bidder status, allowing a direct purchase from the government,   to the Chinese government. On the other hand all major central banks have to purchase … Continue reading

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JPMorgan Rallies despite the suspension of buyback plan

In its statement yesterday, JPMorgan had announced a suspension of $15 billion buyback plan that it was going to pursue. The move comes less than two weeks after CEO Jamie Dimon announced a $2 billion trading fiasco coming out of … Continue reading

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Google given just a few weeks to clear anti-trust issues

Google Inc., if it wants to avoid complaints and subsequent penalties, must submit the remedies in a matter of few weeks for assuaging the concerns of EU regulators in the antitrust issue, according to EU competition commissioner Joaquin Almunia. Google … Continue reading

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Student Loan Bubble: Hundreds of Colleges at Risk

Amongst the hottest topics , which are at the center stage of attention, is the student loan/debt bubble. The magnitude , the impact and size of this issue is a huge anchor weighing down on the future generation and the … Continue reading

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