The tweet that President Barack Obama was hurt in a pair of explosions at the White House was fake, but the momentary panic and legal aftershocks are both very real.
While a massive restructuring effort to lay off 11,000 and cut billions from the budget is already underway, Citigroup CEO Michael Corbat sounded a clear message to investors and analysts on Tuesday: I could wield the axe further if necessary.
JPMorgan Chase CEO Jamie Dimon fired back at a group of investors who last week proposed stripping him of his current role as chairman, calling the issue a "sideshow" for the bank and its investors.
On Wednesday, a judge in the Southern District of New York dismissed a key group of plaintiffs in litigation against Facebook for allegedly mishandling its 2012 initial public offering.