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Business/Finance :: Top Story

US Economy Provides Some Relief to Markets

FINANCE | By Pan Pylas | Wednesday May 16, 2012
The shockwaves from Greece’s failure to form a coalition government continued to reverberate around markets on Wednesday, though upbeat U.S. economic indicators gave the more positive-inclined investor something to latch on to.

Indian Rupee Hits All-Time Low Against the Dollar

FINANCE | By Erika Kinetz | Wednesday May 16, 2012
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India’s twin deficits drowned out central bank efforts to stem the currency’s slide.
A Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.

Facebook Investors to Cash Out More Shares

CORPORATE | Wednesday May 16, 2012
Insiders and early Facebook investors will be unloading more of their shares in the initial public offering, the company said Wednesday, as they take advantage of investor demand.
A Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif.

Million Moms Target JCPenney Ad Campaign

CORPORATE | By Jenny Block | Wednesday May 16, 2012
When the anti-gay One Million Moms targeted JCPenney for their inclusive policies, the resulting backlash ended up being directed against them.
Shoppers carry their purchases along 33rd Street in New York.

US Consumers Hold Back, Even as Gas Prices Fall

FINANCE | By Martin Crutsinger | Tuesday May 15, 2012
Lower gas prices in April weren’t enough to embolden U.S. consumers to spend much more elsewhere. The Commerce Department said retail sales rose only 0.1 percent last month.
Screens outside the Grauman’s Chinese Theatre on Hollywood Blvd. advertise for people to "Become a Fan" of the Theatre on Facebook.

Facebook Raises IPO Price as Offering Nears

CORPORATE | Tuesday May 15, 2012
Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world’s most popular social network.
A JPMorgan office building.

How Will JPMorgan’s $2B Loss Affect Banking Rules?

FINANCE | By Daniel Wagner | Tuesday May 15, 2012
The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congress passed an overhaul of financial rules, many of those changes have yet to be finalized.
A JPMorgan office building.

GBBC hosts NGLCC Diversity Roadshow & Northeast Regional Summit

CORPORATE | By EDGE | Monday May 14, 2012
The Greater Boston Business Council (GBBC), Massachusetts gay and lesbian chamber of commerce, was host to two prominent National Gay and Lesbian Chamber of Commerce (NGLCC) events from May 2 - 4, 2012.
 JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, center flanked by Goldman Sachs & Co. Chief Executive Officer

JPMorgan Exec Becomes First Casualty of Bad Trade

CORPORATE | By Pallavi Gogoi | Monday May 14, 2012
The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss.
Facebook CEO Mark Zuckerberg

Facebook CEO Turns 28, IPO Could be $100B Gift

CORPORATE | By Barbara Ortutay | Monday May 14, 2012
Facebook’s chief executive turned 28 on, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday.
Ross Levinsohn, Yahoo Executive Vice President of Americas

Revolving Door: Yahoo Ushers Out Another CEO

CORPORATE | By Michael Liedtke | Monday May 14, 2012
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.