SEOUL – Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $ 10 billion off the electronics giant’s market value, on a report that Apple placed huge chip…
Reuters: Global Markets
Archive for category Global Markets
Samsung loses $10 billion market value on Apple order report
FBI launches JPMorgan probe, shareholders back Dimon
TAMPA, Florida – The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking…
Reuters: Global Markets
JPMorgan’s Dimon to face calls to split top roles
(Reuters) – Jamie Dimon faces growing calls to give up the chairmanship of JPMorgan Chase & Co when shareholders of the bank convene on Tuesday, days after it revealed losses of billions of dollars…
Reuters: Global Markets
Groupon soars in short-cover rally before earnings
(Reuters) – Groupon Inc shares surged more than 20 percent at one point on Monday in a short-covering rally as traders scrambled to close bearish bets ahead of the daily deal company’s first-quarter…
Reuters: Global Markets
Arena shares soar as experts recommend approval for obesity drug
(Reuters) – Shares of Arena Pharmaceuticals Inc nearly doubled in value after a panel of experts recommended approval of the company’s obesity pill, a big step towards making it the first new diet…
Reuters: Global Markets
JPMorgan $2 billion loss hits shares, credit, image
NEW YORK/LONDON – JPMorgan Chase & Co lost $ 15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $ 2…
Reuters: Global Markets