Business News

Walmart Workers Call Cops On Veterans On Memorial Day

Posted 05.29.2012

Read More: Walmart, Video, Memorial Day, Walmart Veterans, Business News, Poppies, Memorial Day Commemoration, Walmart Veterans Memorial Day, Slideexpand, Veterans, Business News

Some veterans didn’t quite get the respect they deserved this Memorial Day. Walmart employees at a store in Elizabethtown, N.C.called the police...

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Report: Greeks Could Lose Half Their Income With Euro Exit

AP | DEREK GATOPOULOS and NICHOLAS PAPHITIS | Posted 05.29.2012

Read More: European Debt Crisis, Greece Crisis, Video, Eurozone-Grexit, Eurozone Crisis, Greece Euro Exit, Greece Debt Crisis, Business News, Greek Debt Crisis, Grexit, Business News

ATHENS, Greece — An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and i...

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European Banks May Become More Vulnerable, Reliant On Taxpayer Money

Reuters | Posted 05.29.2012

Read More: European Debt Crisis, Bond Investors, Europe-Bank-Crisis, European Banks, European Banks Bond Investors, Video, Eurozone Crisis, Reuters, Business News, New Rules, Financial Regulation, Business News

* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...

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'It's Ohio's Money Now'

AP | JOHN SEEWER | Posted 05.27.2012

Read More: Casino-Revenue, Video, Illinois Casinos, State Revenue, Ohio, Business News, Ohio Casinos Opening, Kentucky Casinos, Ohio-Casinos, Ap, Indiana Casinos, Business News

TOLEDO, Ohio (AP) — The opening of casinos in Ohio this spring means the luck is running out for neighboring states that have pulled in an estimated...

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These Are The Richest Women In The World

Posted 05.26.2012

Read More: Super Rich, Gina Rinehart, Walmart, Liliane Bettencourt, Worlds Wealthiest Women, Business News, The Waltons, Christy Walton, Billionaires, Slideexpand, Alice Walton, Business News

The richest women may span the globe, but two of them come from the same family: the Waltons. Two of the Walmart heirs capture spots one and and t...

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Hey London, Sponsor This!

The Huffington Post | Ron Dicker | Posted 05.25.2012

Read More: London 2012, Visa, Advertising, Advertising News, Business News, Samsung, Sports Business News, London 2012 Olympics, McDonald's, 2012 Summer Olympics, Summer Olympics, Mcdonalds, Business News

Olympics organizers are doing what they can to eliminate competition for their sponsors. Too much maybe? Several media outlets are making sport of ...

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Facebook IPO Fiasco Cost Major Bank Millions

Reuters | Posted 05.26.2012

Read More: Facebook IPO 2012, Ubs, Morgan Stanley, Facebook IPO, Reuters, Nasdaq, Business News, Facebook Ipo Ubs, Big Banks, Business News

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group ...

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JPMorgan Risk Committee Missing People With Experience Monitoring Risk

The Huffington Post | Jillian Berman | Posted 05.25.2012

Read More: Jpmorgan Trading Loss, Video, Jpmorgan-London-Whale, Business News, Jpmorgan Loss, Jpmorgan Risk, Ellen Futter Jpmorgan Risk Management, Ellen-Futter, Slideexpand, Jpmorgan Chase Risk Management Committee, Jpmorgan Risk Management, Business News

Apparently running a museum is enough to qualify you to judge whether a bank's risk is too big. At least according to JPMorgan Chase. The committe...

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Bad News For Spanish Banks

Reuters | Posted 05.25.2012

Read More: European Debt Crisis, Bankia, S&p Downgrade, Video, Spanish Debt Crisis, S&P Downgrades, S&p Downgrades Bankia, Reuters, Business News, Spanish Banks, Business News

(Adds details and background) NEW YORK, May 25 (Reuters) - Ratings agency Standard & Poor's cut the ratings on five Spanish banks ...

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Dimon To Talk Trading Loss With Senate

Reuters | Posted 05.25.2012

Read More: Business News, Jpmorgan Loss, Jamie-Dimon-Testify, Jpmorgan Trading Loss, Video, Jamie Dimon, London Whale, Reuters, Business News

By Alexandra Alper WASHINGTON, May 25 (Reuters) - JPMorgan Chase & Co's Chief Executive Jamie Dimon will be invited to testify be...

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Meet The 10 Highest-Paid CEOs In AP Survey

AP | By The Associated Press | Posted 05.25.2012

Read More: CEO Pay, Executive Pay, Ap Ceo Pay Survey 2011, Ceo Pay Survey, Ceos, Business News, Highest-Paid CEOs, Business News

-- The 10 highest-paid CEOs for 2011, according to an Associated Press analysis of Standard & Poor's 500 companies. The analysis includes companies t...

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On Top Of Big Salaries, Companies Pile On Perks For CEOs

AP | By CHRISTINA REXRODE | Posted 05.25.2012

Read More: Company Directors, CEO Pay, Executive Pay, Ceo Pay Survey, u.s. Public Companies, Ceos, Business News, Ceo Pay 2011, Business News

-- In the small world of big CEOs, the perks can be spectacular. Drivers, country club memberships, use of company aircraft – those splashy ex...

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Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 05.25.2012

Read More: U.S. Banks, 2008 Financial Crisis, u.s. Banking Industry Earnings 1q 2012, Video, u.s. Banking Industry, Reuters, Business News, Banking Crisis, Financial Crisis, Bank Earnings, Big Banks, Business News

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

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GM Recalling Huge Number Of Cars Over Airbag Issue

Reuters | Posted 05.25.2012

Read More: Car Recall, Chevrolet Malibu, Video, Car Recalls, GM Recalls, Reuters, Chevrolet Malibu Eco Recall, Business News, GM Recall, Air Bags, Business News

May 24 (Reuters) - General Motors Co said on Thursday it is recalling 4,304 Chevrolet Malibu Eco cars sold in the United States to reprogram a modul...

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Man Buys Puppy, Car With Thousands Wells Fargo Accidentally Dumped In His Account

Posted 05.24.2012

Read More: Michael H, Wells Fargo, Joseph Bucci Wells Fargo, Slideexpand, Big Banks, Video, Accidental Bank Account, Wells Fargo Account, Business News, Accidental Millionaires, Shopping Spree, Joseph Bucci, Business News

One man is facing possible jail time after he allegedly spent tens of thousands of dollars that Wells Fargo accidentally deposited into his account. ...

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Gupta's Alleged Insider Tip On Buffett-Goldman Deal, 'As Top Secret As You Could Get'

Reuters | Posted 05.24.2012

Read More: Video, Buffett Goldman Deal, Rajat Gupta, Byron-Trott, Rajat Gupta Trial, Rajat Gupta Goldman Sachs, Reuters, Business News, Warren Buffett, Rajat-Gupta-Insider-Trading, Business News

* Former Goldman banker, Buffett confidant testifies * Prosecution evidence in ex-Goldman director's case * Third day of...

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Major Shareholder To Vote Against Walmart CEO In Wake Of Scandal

Reuters | Posted 05.24.2012

Read More: Walmart-Shareholders, Video, Calpers, Walmart Bribery Scandal, Calpers Walmart, Business News, Walmart Bribery, Public Pension Funds, Pension Funds, Reuters, Business News

By Jessica Wohl May 23 (Reuters) - CalPERS, the biggest U.S. public pension fund, said on Wednesday it plans to vote a...

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Senate Panel Reviewing Facebook IPO

AP | MARCY GORDON | Posted 05.23.2012

Read More: Facebook Ipo Probe, Facebook IPO 2012, Video, Facebook Ipo Glitch, Senate Facebook Ipo, Senate Banking Committee, Facebook IPO, Business News, Facebook-Ipo-Glitches, Facebook Ipo Investigation, Business News

WASHINGTON — Two congressional panels are reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the...

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Eurozone Officials Tell Members To Make Plans In Case Of Greek Exit

Reuters | Posted 05.23.2012

Read More: European Debt Crisis, Eurozone, Eurozone Greek Exit, Eurozone Grexit, Eurozone Crisis, Greek-Exit, Reuters, Business News, Grexit, Business News

* Eurozone officials call for Greek exit contingency planning * Bundesbank says scenario would be "manageable" * Euro z...

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Nasdaq CEO: 'Clearly We Had Mistakes In The Facebook Listing'

Reuters | Posted 05.23.2012

Read More: Video, Phillip Goldberg Nasdaq Facebook Ipo, Nasdaq-Facebook, Facebook IPO, Reuters, Business News, Nasdaq-Facebook-Ipo, Nasdaq Ceo, Business News

(Reuters) - Nasdaq OMX Group Inc has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook Inc shar...

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Chipotle Facing Criminal Probe

Reuters | Posted 05.23.2012

Read More: Video, Hiring Discrimination, Chipotle Criminal Probe Sec, Reuters, Business News, Chipotle, Chipotle Immigration, Chipotle Hiring Scandal, Securities and Exchange Commission, Business News

May 22 (Reuters) - Mexican food chain Chipotle Mexican Grill Inc said on Tuesday that federal prosecutors are conducting an investigation into possi...

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JPMorgan Hires Ex-Government Enforcer To Help Probe Loss

Reuters | Posted 05.23.2012

Read More: JPMorgan Chase, Video, Jpmorgan-Probe, Jpmorgan-London-Whale, Reuters, Business News, William Mclucas, Sec, Jpmorgan-Chase-Trading-Loss, Jpmorgan Chase William Mclucas, Securities and Exchange Commission, Business News

May 22 (Reuters) - JPMorgan Chase & Co has hired former U.S. Securities and Exchange Commission enforcement chief William McLuca...

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First-Time Homebuyers Boost Sales Of Previously Owned Homes

AP | MARTIN CRUTSINGER | Posted 05.22.2012

Read More: Sales of Previously Owned Homes, Housing Bust, Housing Market, Video, Housing Crash, Housing Recovery, Home Sales, U.S. Housing Market, Business News, u.s. Home Sales, First-Time Home Buyers, Existing Home Sales, Business News

WASHINGTON — Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend....

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America's Second Largest Pension Fund To Vote Against Walmart Board

Reuters | Posted 05.23.2012

Read More: Walmart-Bribery-Claims, Walmart, Video, Reuters, Business News, Walmart Bribery, Facebook-Calstrs, Walmart-Board-of-Directors, Walmart-Bribery-Scandal, Calstrs Walmart Board, Business News

* CalSTRS to vote against all Wal-Mart board members * Proxy firms advise votes against CEO, others * Wal-Mart shares hi...

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Cheerios Maker To Axe Hundreds Of Workers

AP | Posted 05.22.2012

Read More: Cheerios, Job Cuts News, Job Cuts, Labor-News, Business News, General Mills, General Mills Job Cuts, Video, Business News

MINNEAPOLIS — Food maker General Mills Inc. said Tuesday it will cut about 850 jobs as part of a plan to lower costs and boost efficiency. The ...

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