Ex-Galleon trader Turney Duff offers an insider's view of how learned about Wall Street's dirty little secret: insider trading.» Read More
Nov 1- JPMorgan Chase& Co, the biggest U.S. bank by assets, disclosed on Friday that the U.S. Department of Justice and agencies from other jurisdictions are investigating hiring practices in Hong Kong that were already being probed by the U.S. Securities and Exchange Commission.
Facing questions about oversight and profitability, Morgan Stanley and JPMorgan Chase have taken steps to sell their commodity divisions.
Oct 31- Storage products retailer Container Store Group Inc raised $225 million after pricing its initial public offering at the top end of its increased price range. The company had planned to sell shares at $14- $16 per share but raised the range to $17- $18 on Wednesday. JPMorgan, Barclays and Credit Suisse were the lead underwriters for the offering.
BIRMINGHAM, Ala., Oct 31- Alabama's bankrupt Jefferson County on Thursday approved a reworked settlement plan for its landmark $4.2 billion municipal bankruptcy that increases already stiff losses for Wall Street creditors by $300 million.
Fannie Mae sued nine banks accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
*Ariad says working with FDA to find a way to bring drug back. WASHINGTON, Oct 31- Ariad Pharmaceuticals Inc has suspended sales of its leukemia drug Iclusig after an investigation by the U.S. Food and Drug Administration found that a significant number of patients developed life-threatening blood clots or narrowing of the veins.
Oct 31- JPMorgan Chase and other Wall Street creditors have agreed to $300 million in new debt concessions aimed at ending the second largest U.S. municipal bankruptcy by year's end.
NEW YORK, Oct 31- Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
NEW YORK, Oct 31- U.S. mortgage finance company Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
NEW YORK, Oct 31- Fannie Mae on Thursday sued nine banks alleging manipulation of interest rates. "Fannie Mae filed this action to recover losses it suffered as a result of the defendants' manipulation of Libor," a spokesman said.
Oct 31- Valeant Pharmaceuticals International Inc, Canada's biggest publicly traded drugmaker, posted a quarterly net loss on Thursday after restructuring and impairment charges, and cut its full-year revenue outlook.
Oct 31- More than a dozen brokerages increased their price targets on Facebook Inc shares on Thursday. Facebook's shares fell 3 percent to $47.45 at the opening, resuming the roller-coaster ride they have been on since the No. 1 social network released results on Wednesday.
Oct 31- Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users. Facebook shares breached the $50 mark in heavy premarket trading after at least 10 Wall Street analysts raised their price targets, to as much as $63.
LONDON, Oct 31- Europe's leading investment banks took a trading revenue battering in the third quarter that shows no signs of reversing before the end of the year and gives a glimpse into the upheaval facing the industry as a whole.
Oct 31- Hotel chain Extended Stay America Inc said it expects to sell 28.3 million common shares at $18- $21 each in an initial public offering, valuing the company at as much as $4.2 billion.
SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.
LONDON, Oct 31- The cost to banks of cleaning up past misdeeds has soared over $100 billion and is leaving lenders running scared from areas that put them in potential danger of upsetting regulators.
WASHINGTON, Oct 30- The U.S. House of Representatives voted on Wednesday to scale back a much-debated provision of the Dodd-Frank Wall Street reform law, handing bank lobbyists a token victory in their fight against the tougher rules.
NEW YORK, Oct 30- During the roadshow leading up to Facebook Inc's initial public offering a year-and-a-half ago, New York's institutional investors were greeted by snaking queues, beefed up police presence, and a media feeding frenzy.
Oct 30- Alabama's Jefferson County and Wall Street creditors have reached agreement on a revised plan to end the second-largest U.S. municipal bankruptcy, county officials said on Wednesday.