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JPMorgan Chase's multibillion trading loss will be forgotten before the year is through, Chief Executive Jamie Dimon predicted Monday at the Deutsche Bank Global Financial Services Investor Conference.
Traders weren't expecting Facebook to make its big stock market debut at the sound of the opening bell last Friday, but they weren't anticipating a two-hour delay either.
When Yahoo decided to sue Facebook for patent infringement a few months ago, many tech watchers felt that this was a desperate act by a company whose best days were long behind it.
A top regulator said on Monday that tougher rules are needed for international trades to prevent the financial collapse of 2008 and recent losses by JPMorgan Chase.
In a scolding letter sent to Google on Monday, European regulators outlined their "concerns" about Google's business practices, giving the search giant "a matter of weeks" to shape up or pay up.
A plunge in Facebook's stock didn't faze the broader U.S. market Monday. U.S. stocks bounced back from their worst week of the year on renewed optimism that European leaders would find a way out of the sovereign debt crisis.
U.S. stocks were poised to rebound Monday, after closing out one of the worst weeks of the year, as investors pinned their hopes on European leaders' abilities to manage the continent's debt crisis.
When Facebook CEO Mark Zuckerberg rang the Nasdaq opening bell on Friday to mark Facebook's public debut, he also rang in a crop of new millionaires and billionaires.
In late March, Stephen Colbert expanded his super PAC experiment, admonishing his late-night viewers to start organizations of their own on college campuses across America.
As Iran continues to grapple with the West over its nuclear ambitions, experts say the nation could double its already sizable oil output if sanctions were lifted to allow foreign investment into its oil industry.
The chief executive of Nasdaq OMX said he was "embarrassed" after technical glitches caused Facebook's widely-anticipated IPO to be delayed Friday, according to several news reports.
Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.