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JPMorgan Facing Criminal, Civil Probes on Mortgages 10 Aug 2013 | 06:58 pm
More than six years after the trading of mortgage backed securities (MBS) contributed to a global financial meltdown, there are new signs that the firms involved will be held accountable for their rol...
Wal-Mart Plans Bid for Hong Kong Supermarket Chain 10 Aug 2013 | 06:29 pm
Reuters has announced that Wal-Mart Inc.(WMT.N) is planning to bid for the Hong Kong supermarket business which is up for sale by a company controlled by Asia’s richest man, Li Ka-shing. An August 15t...
Chesapeake’s Energy Leases Dropped in Fracking-Shy New York 8 Aug 2013 | 09:37 pm
Landowners in Broome and Tioga counties in New York state may soon be free to negotiate better terms with other drilling companies as Chesapeake Energy, having suffered a legal setback, is reportedly ...
T.J. Maxx and Others are Looking Past Chaos in e-Commerce Bonanza 8 Aug 2013 | 10:52 am
Several outlets hope that 2013 is the year that achieves success for fashion manufacturers and sellers in the online clothing retail market. T.J. Maxx, a low price clothing store plans to launch a web...
Australian Miners Face Bust Look at China’s Zijin 8 Aug 2013 | 10:40 am
Chinas biggest gold producer, Zijin Mining Group, has Dianmin Chen to run Australia’s Norton Gold Ltd. At a price of $240 million, Zijin purchased control of Norton last year. As other mining companie...
Planemakers to Rein in New Jets for Regional Growth 8 Aug 2013 | 10:02 am
Plane manufacturers have adopted a new strategy, which involves building more shorter range aircrafts. Boeing and Airbus have spent, the past few years, billions of dollars developing and manufacturin...
TransCanada’s Oil Pipeline to Change Trade Dynamics 8 Aug 2013 | 09:50 am
TransCanada Corp. is planning to build one of the world’s longest oil pipelines. The pipeline is expected to be 2,700 miles long. The pipeline will bring oil from the refineries in Alberta to the port...
HSBC Shares Fell As Emerging Markets Slow 8 Aug 2013 | 08:24 am
On Monday, HSBC posted its earnings. They were lower than expected due to a lawsuit, in which the bank may have to pay $1.6 billion in damages. HSBC is accused of recklessly or negligently selling bon...
JPMorgan Facing a “Hard Sell” in Crowded Market 31 Jul 2013 | 09:28 pm
JPMorgan Chase & Co. (JPM.N) is looking to sell their oil, gas, power, and metals trading division, but they may have a hard time finding a buyer. Most of the banks that would be potential buyers are ...
EU Deal Boosting Banking Union Prospects 22 Jul 2013 | 09:59 pm
European leaders are currently deciding how to deal with the payment of various bank bailouts in the future. There are growing economic problems in the state of Germany, and much disagreement is occur...
