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Frank Yu
The Facebook IPO Boondoggle
It was supposed to be an initial public offering (IPO) for the ages, a coming out party for ...
Business
May 25, 2012
Martha Stewart Re-elected as Chairman of the Board
Martha Stewart is back at the helm of her namesake company, Martha Stewart Living Omnimedia Inc., the media, ...
Business
May 23, 2012
Aftermath of JPMorgan’s Multibillion-Dollar Loss
Two weeks after Jamie Dimon’s mea culpa unveiling of JPMorgan Chase & Co.’s $2 billion—and counting—trading loss, experts ...
Business
May 22, 2012
Facebook Shares Tumble on Day Two
Newly minted shares of Facebook Inc. (Nasdaq: FB) tumbled out of the gate on Monday, delivering another black ...
Business
May 22, 2012
JPMorgan Losses Increase $1 Billion
The bank also said that the final loss may not reflect the interim, as day-by-day values could fluctuate.
Business
May 19, 2012
Facebook Stock Barely Holds Above $38 IPO Price
Investors who didn’t qualify to be among the exclusive group that bought 421.2 million shares of Facebook Inc. ...
Business
May 19, 2012
Mortgage Delinquencies Fall to Four-Year Lows
U.S. mortgage delinquency and foreclosure rates have fallen to their lowest levels since 2008, according to a new ...
Real Estate
May 16, 2012
Jamie Dimon Faces JPMorgan Shareholders
On May 15, JPMorgan Chase & Co. Chairman and CEO Jamie Dimon was face-to-face with the bank’s shareholders ...
Business
May 15, 2012
JPMorgan Execs Depart as Hedging Loss Could Worsen
JPMorgan Chase & Co.’s $2 billion—and counting—loss disclosed on May 10 will not only hurt its bottom line, ...
Business
May 14, 2012
Derivatives Loss a Black Eye for JPMorgan, Wall Street
The recently disclosed $2 billion trading loss at JPMorgan Chase & Co. is a black eye for the ...
Business
May 13, 2012
A ‘Year of Two Halves’ for Tesla Motors
Electric car maker Tesla Motors Inc. reported a first-quarter loss this week, but there was no shortage of ...
Business
May 10, 2012
Fannie Mae Reports First Profit Since 2008
Fannie Mae, which received almost $120 billion in bailout money, was the single most expensive bailout during the ...
Business
May 10, 2012
The Eurozone’s Debt Crisis Uncertainty Mounts
U.S. stocks fell on Tuesday, as doubts over the eurozone’s ability to contain its debt crisis escalated, sending ...
Business
May 8, 2012
Bigger Deals Ahead for Berkshire Hathaway
Berkshire Hathaway CEO Warren Buffett, over the past few days, discussed a wide range of topics including his ...
Business
May 7, 2012
Spirit Airlines Raises Baggage Fee
Low-cost carriers are looking for ways to increase revenues, and unsuspecting passengers could see their discount airfare tickets ...
Business
May 7, 2012
Facebook Sets IPO Range of $28 to $35 per Share
In a much-awaited announcement, social networking giant Facebook Inc. set the price of its initial public offering (IPO) ...
Business
May 3, 2012
Wal-Mart Expands Services for Low-Income Shoppers
Wal-Mart expanding its services to ensure that the retail giant becomes the go-to shopping—and banking—destination for lower-income consumers.
Business
May 3, 2012
Amazon Earnings Surge on Digital Sales
Amazon.com Inc. reported stellar quarterly revenues and earnings, sending its shares higher by 15 percent last Friday
Business
May 2, 2012
Private Sector Jobs Report Dampens Economic Optimism
The monthly private sector estimated jobs report from ADP disappointed investors and analysts, sending U.S. stocks lower on ...
Business
May 2, 2012
Dow Soars to Four-Year Highs
The start of May was a boon for investors, as U.S. stocks jumped on manufacturing data. The Dow ...
Business
May 2, 2012
Microsoft Invests $300 Million in Barnes & Noble, Nook
Microsoft Inc. on Monday announced a $300 million investment in Barnes & Noble Inc.’s (B&N) digital media business, ...
Business
April 30, 2012
Apple Earnings Nearly Double on iPhone Demand
Apple Inc.’s quarterly earnings soared 94 percent last quarter, on robust sales of its iPhone smartphone and iPad ...
Business
April 26, 2012
Netflix Shares Tumble on Growth Concerns
Shares of DVD rental and video streaming company Netflix Inc. dropped sharply on Tuesday, as analysts have cast ...
Business
April 24, 2012
Wal-Mart Caught in Mexican Bribery Scandal
Wal-Mart Stores Inc., the world’s biggest retailer by sales, is mired in a bribery scandal after reports surfaced ...
Business
April 23, 2012
Citigroup Shareholders Reject Executive Pay Package
The vote sent a powerful message to the board of one of the country’s biggest banking firms.
Business
April 18, 2012
US to Target Oil Speculators
Gasoline prices have climbed more than 20 percent this year, and the White House is taking action.
Business
April 17, 2012
Strong Retail Sales Boost Stocks
The U.S. stock market was buoyed by retail sales results, as the Dow Jones Industrial Average gained 71.8 ...
Business
April 16, 2012
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