8 minutes ago - MarketWatch
SYDNEY (MarketWatch) -- Trading losses at J.P. Morgan & Chase Co. have surpassed the bank's initial $2 billion estimate by at least $1 billion, according to report on the New York Times website Wednesday, citing people familiar with the matter. Last week, the bank's Chief Executive Jamie Dimon revealed a surprise $2 billion trading loss. The New York Times report said losses have surged in recent days, as hedge funds and other investors capitalize on J.P. Morgan's distress, fueling faster deterioration in the underlying credit-market positions held by the bank.
13 minutes ago - MarketWatch
Japan's economy grows 1% in the first three months of the year from the preceding quarter, driven by investment linked to rebuilding of its disaster-struck regions and a strong recovery in exports.
22 minutes ago - MarketWatch
LOS ANGELES (MarketWatch) -- Japan's economy grew 1.0% during the January-March quarter, or 4.1% on an annualized basis, official data showed Thursday, with the results beating expectations for a 3.5% annualized gain, according to separate Dow Jones Newswires and Reuters surveys. In October-December, growth was flat quarter-on-quarter. In a weak spot, however, private non-residential investment fell 3.9% quarter-on-quarter. The Japanese yen weakned following the data, with the dollar rising to ¥80.35 from ¥80.28 just before the announcement.
36 minutes ago - MarketWatch
LOS ANGELES (MarketWatch) -- Hong Kong stocks rebounded in early Thursday trade, as the Hang Seng Index rose 0.3% to 19,316.02 after tumbling 3.2% in the previous session. Mainland Chinese H-shares outperformed, as the Hang Seng China Enterprises Index gained 0.4%. Among notable gainers, Agile Property Holdings Ltd. rose 3%, Tingyi Cayman Islands Holding Corp. added 2%, and Sands China Ltd. improved by 2.7%. Shares of index heavyweight China Mobile Ltd. added 1.7% after its new chairman confirmed that talks with Apple Inc. to carry the iPhone were underway, but rival China Unicom Hong Kong Ltd. , which already has the iPhone, rose a steeper 3.2%. Among decliners, Tencent Holdings Ltd. lost 0.4% after posting a 2.8% rise in quarterly profit from a year earlier, while London-headquartered HSBC Holdings PLC dropped 0.8% on rising fears of a messy Greek exit from the euro zone. Over on the Chinese mainland, meanwhile, the Shanghai Composite rose 0.2%.
50 minutes ago - Acquire News Media
WEST LOS ANGELES, May 16, 2012 The West Los Angeles Chamber of Commerce and New Directions, Inc. are proud to partner again to announce the 2nd Annual Memorial Day Walk for Warriors on May 28, 2012. WHAT: 2nd Annual Memorial Day Walk for Warriors 5KWHEN: Monday, May 28th, 2012WHERE: West Los Angeles Veterans' Affairs Campus, 11301 Wilshire Blvd, L.A., CA 90073WHY: To raise funds for New Directions
51 minutes ago - MarketWatch
Asian stocks oscillate between small gains and losses, one day after a heavy beatdown that saw South Korean, Australian and Hong Kong stocks put in their worst one-day performance of the year.
59 minutes ago - Acquire News Media
Domino's pizza makers vie for the title and a $3,000 prize. NEWS: Domino's pizza makers vie for the title of "World's Fastest Pizza Maker" FORMAT: B-roll and Soundbites. ADDITIONAL RESOURCES: Video, hard copy requests, downloadable MPEG4, contact information and more available at http://multivu.prnewswire.com/broadcast/55734/press.html. STORY SUMMARY: Dough will fly as four finalists from around
9:25 PM ET - MarketWatch
Shares of Petroleo Brasiliero snap six-session losing streak after the oil producer's quarterly results surpass expectations. The benchmark Ibovespa, however, extends its string of declines.
9:17 PM ET - Acquire News Media
SALT RIVER PIMA-MARICOPA INDIAN COMMUNITY, Ariz., May 16, 2012 /PRNewswire/ -- Salt River Devco is pleased to announce two major tenants for Chaparral Business Center. "As leaders in web based technology and biotechnology, both Nextiva and Regenesis Biomedical are outstanding complements to our tenant mix," added Vince Lujan, CEO Salt River Devco. "Unitedweb and its family of companies, which incl
9:17 PM ET - Acquire News Media
ROCKY HILL, Conn., May 16, 2012 /PRNewswire-iReach/ -- Reporters and Editors are invited to attend! Associated Builders and Contractors of CT, well known for its outstanding events and support for the industry, in partnership with the Construction Education Center and the Utility Contractors Association of CT is proud to unveil the Construction Pro Rodeo! The "Bobcat Ninja" will be on hand both d
