Industry news
Investors Pummel FacebookFacebook shares skidded on their second day on the stock market, leaving some investors in the red and raising questions about whether the company and its lead banker, Morgan Stanley, botched the deal.
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Computer Trading Takes Human TurnOne of Wall Street's quant pioneers, Robert C. Jones, is changing his tune—somewhat. The answer to improving the computer-driven stock-trading model is to weave in research from analysts, but to leave out the biases and emotions that can creep into final trading decisions.
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U.S. Stocks End Losing StreakThe Nasdaq Composite index rose the most since December as hopes of political progress in Greece and talk of government efforts to buoy China's economy trumped a steep decline in Facebook's newly public stock.
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Time, and Profits, Are on Best Buy's SideThe electronics retailer remains profitable enough that it has time to think outside the box to rejigger its strategy.
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Investors Look for Gas CapNatural-gas prices have increased as much as 44% since sinking to decade lows last month. But the higher prices are making coal competitive once again.
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J.P. Morgan's Losses Are Rivals' BoonsThe trading blunders that have cost J.P. Morgan Chase & Co. at least $2 billion are shaping up as a boon for some of the bank's biggest rivals.
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Trading Misstep for Bank Opens Door to New RulesOfficials' comments provided the strongest sign yet that the bank's stumble could reshape the debate over the implementation of the Dodd-Frank financial overhaul.
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Calm Seas Can Mask Market Risks That RemainCurrent Account: The question for investors large and small is whether they are being adequately rewarded for the risks they are taking. Mathematics and geopolitics argue to the contrary, and cracks are starting to appear in the facades of Wall Street's riskier constructions.
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Walking a Treasury TightropeInvestors in U.S. Treasurys stand a good chance of losing money over time. And yet they can't seem to get enough of Uncle Sam's paper.
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Risk Manager's Past ScrutinizedAn executive who oversaw risk management at the unit that made trading blunders that have cost J.P. Morgan Chase & Co. at least $2 billion this year earlier lost millions while trading for the unit.
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Europe's Banks Fear Flight of DepositsThe European Continent's financial system remains vulnerable to the prospect that stampedes of customers could yank their deposits from institutions perceived as shaky.
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'Napoleon' Takes On Rajat GuptaIn pursuing the conviction of Raj Rajaratnam, Reed Brodsky's tenacious style led jurors to nickname the prosecutor "Napoleon." Now, the attorney is hoping the trial of Rajat Gupta, an ex-director at Goldman accused of insider trading, doesn't become his Waterloo.
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Nasdaq's Facebook ProblemThe Nasdaq Stock Market said it bungled Facebook's IPO, acknowledging that tech problems affected trading in millions of shares.
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A Facebook Buy Order That Wasn'tOne investor got lucky when he hit the wrong buttons and mistakenly canceled his Facebook share order Friday.
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Yahoo in Deal on Alibaba StakeYahoo struck a deal to sell up to half of its stake in Alibaba Group back to the Chinese company for $7.1 billion, finally succeeding after multiple attempts to wind down a seven-year relationship that had soured.
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CEOs Who Delivered the Most, Least Bang for the BuckSome CEOs delivered more bang for the buck, while others were well rewarded despite poor results.
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Critics: Chesapeake Books Obscure CostsAs investors struggle to assess the health of embattled natural-gas producer Chesapeake Energy Corp., some say they are facing an obstacle: the company's accounting.
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Industry news provided by WSJ Online.
News
Wall Street rebounds, but investors dump FacebookStocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session ...
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Insight: Morgan Stanley cut Facebook estimates just before IPOIn the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, ...
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MF Global paid Corzine $8 million in year before collapseFormer MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the year before it went bankrupt. Corzine's pay along with that of other ...
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Departures leave Dewey a shell of its former selfSeventeen more partners at Dewey & LeBoeuf announced their departure on Monday, as the failing law firm considered filing for bankruptcy. Rival law firm Proskauer Rose said it was bringing in four partners, ...
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Ex-Yahoo director, fund manager made illegal trades: U.S.Federal prosecutors on Monday announced insider trading charges against a former Yahoo employee and a fund manager for illegally sharing and trading on secret company information. The pair pleaded guilty ...
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News provided by Yahoo! Finance.