Home / 2012 / May (page 30)

Monthly Archives: May 2012

JPMorgan’s Bad Trades May Now total $6-$7 Billion

$JPM did originally disclose it could be as high as $8 billion, but the losses have grown from $2b, then $5, and now sources say $6-$7 billion.  Maybe $8billion was a conservative estimate. We will have to wait and see what happens.

Full article

Comments »

Does Facebook Wreck Marriages? $FB

Hat Tip @HCPG on Twitter for finding this via smartmoney.com

By Quentin Fottrell

Facebook CEO Mark Zuckerberg changed his status to “married” Saturday and received over one million “likes” from his followers. But the site he founded isn’t always so marriage-friendly.  In fact, lawyers say the social network contributes to an increasing number of marriage breakups.

More than a third of divorce filings last year contained the word Facebook, according to a survey by Divorce Online, a UK-based legal services firm.


Comments »

FLASH: $FB Down 10.4% to $34.25

The entire social media sector is on fire…GRPN -4%, LNKD -5%, YELP -5%, ZNGA – 7%, SVVC -7%, GSVC -10%,

Comments »

Barclays Will Sell a $6.1 Billion Stake in BlackRock, $BLK

“LONDON (Reuters) – British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.

Barclays has held the stake for almost three years, a legacy of BlackRock’s $13.5 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable.”

Full article

Comments »