Business and Financial news from all over the world

Another week, another warning from megabanker JPMorgan (JPM). Two months ago, as you probably recall, JP spooked stock market investors with news that it had managed to rack up $2 billion worth of losses, trading derivatives on European debt. Market capitalization...

Latest Market trends, Up & down reports and the financial gossip

Wells Fargo Posts $4.6 Billion Profit, Up 17%

Wells Fargo reported its 10th consecutive quarter of earnings growth as a result of a booming business originating and refinancing mortgages. The bank’s second-quarter profit was a record $4.6 billion, a 17 percent rise from the $3.9 billion profit it reported a year earlier. The San Francisco-based company earned 82 cents a share, above the 81 cents expected by the analysts polled by SNL Financial. Wells...

PFGBest chief arrested, admits 20-year fraud, FBI says

CHICAGO (Reuters) – Russell Wasendorf Sr was arrested on Friday after allegedly stealing more than $100 million from clients of his now-bankrupt brokerage PFGBest, using little more than a rented P.O. Box, Photoshop and inkjet printers to dupe regulators for decades. In the dramatic conclusion...

Mining company cries foul over postponement of N.W.T. hearings

A mining company is concerned the postponement of public hearings on its NICO project could delay construction plans and add another year to a project that’s already taken three-and-a-half years to review. Fortune Minerals Ltd. wants to build a cobalt-gold and...

Martha Stewart, J.C. Penney deal hits legal setback

NEW YORK (Reuters) – A state judge on Friday temporarily blocked plans by Martha Stewart Living Omnimedia to sell certain branded products at J.C. Penney stores. The preliminary injunction was a win for Macy’s , which has sued Martha Stewart Living claiming...

After Facebook freeze, IPO market starts to thaw

Facebook ipo

NEW YORK (AP) — With new public stock offerings for guitar maker Fender and travel booking website Kayak on deck next week, there are signs demand is starting to grow for IPOs after a five-week freeze...

by Matt Kaludi

Bond funds could be on borrowed time

Bond funds

CHICAGO (MarketWatch) — In a world where financial rescues dominate headlines, U.S. government bond funds played hero yet again, rescuing portfolios in a tough second quarter. Sound familiar? Analysts have been pegging the end of the decades-long (and surely stretched?) Treasury rally ad nauseam. But Europe’s festering credit crisis, weakening Chinese...

Totsy Raises $18.5 Million For Motherhood Flash Sales, And Robot Photographers

Totsy, a flash sales site for baby and prenatal care products, announced today that it’s raised $18.5 million in series B financing from Rho Ventures and DFJ Gotham. Named one of America’s Most Promising Companies by Forbes in December...

Three Common Mistakes of First-Time Investors

Before you jump into the markets, take the time to learn from the missteps of novice investors. Here are three common first-time investing mistakes. Not having a plan A common mistake among first-time investors is that they lack a solid...

How the Euro Affects Your Investments

Europe’s debt crisis has many American investors closely watching the euro. Since the euro can impact U.S. investors, Americans should be aware of the euro’s worth. Chuck Butler, president of EverBank World Markets and author...

How To Turn A Job You Hate Into A Job You Love

job

Even people who are relatively happy at work go through periods when they hate their jobs—for days, weeks or even months at a time. Just read between the lines of the recent obituaries of CBS newsman...

The 11 Leadership Secrets You’ve Never Heard About

Leadership

The old distinctions between leaders and followers are gone. Great followers follow by leading. Here’s 11 ways to make sure you do just that. In 1982 I left a great job at MTV: Music Television for...

Use Social Media to Partner with Customers and Improve Service – Leadership in business

Social media platforms allow customer networks to be bigger, faster and better organized. They increase the downside of getting service wrong and the upside of getting it right. The effects are both direct...

Leading Views: Four Leadership Imperatives

In The Performance Pipeline author Stephen Drotter describes a pipeline model that helps leaders at all levels address four leadership imperatives. The Performance Pipeline model focuses attention on each...

LG Display pays to settle US LCD price-fixing

LG

LG Display has agreed to pay $380m (£246m) to settle an LCD panel price-fixing case in the US. The company denied doing anything wrong, but said it had agreed to a settlement to avoid “the expense...

The Walkman Rises: Can a Nostalgic Reboot Revive Sony?

sony-walkman

If you’re an audiophile who waxes nostalgic when it comes to the classic Walkman audio cassette and CD players — you’re in luck. There’s a new Sony (SNE) Walkman out, though if...

Digg sold for $500K – Social News aggregator once valued at $160 million

The popular social news-aggregator website Digg has been sold to New York-based tech development firm Betaworks for a reported $500,000 US, much less than the $160 million US at which it was once valued...

Netflix stock still smarting 1 year after service price hike

Netflix is more popular among couch potatoes than investors a year after its polarizing decision to raise U.S. prices for video subscription services. The unexpected twist that Netflix unveiled a year...