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Discord at Key JPMorgan Unit Is Faulted in Loss

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Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
 

C.F.T.C. Said to Open Inquiry Into JPMorgan Loss

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A federal investigation into JPMorgan Chase’s multibillion-dollar trading loss widened Friday as regulators pursued a new line of inquiry. The NYT reports.
 

Markets Want 'Closure' on Spain's Banks

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"The one thing I say about Spain is, the market wants closure. You are dealing with a battle between bond yields and the market, and politicians," Larry McDonald, senior director of credit sales and trading at Newedge, told CNBC.
 

Australia's ANZ Chief Says Funding Markets Closed

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Australia and New Zealand Banking Group said volatile conditions in global markets have caused the wholesale funding market for Australian banks to freeze again, a worrying echo of the global financial crisis.  
 

ANZ CEO: Europe Funding Markets Closed; US, Asia Open

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Australia and New Zealand Banking Group's chief executive said European funding markets were "essentially closed" because of turmoil in Europe, while Asia and U.S. markets were open, clarifying his earlier comments on the closure of credit markets. 
 
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Yahoo Stock Quote

 
 ^IXIC^GSPC^FTSE
Date 5/18/20125/18/20125/18/2012
Time 5:30pm ET4:33pm ET11:35am ET
Trade 2,778.791,295.225,267.62
Change -34.90-9.64-70.76
% Chg -1.24%-0.74%-1.33%
Open 2,814.431,305.055,338.38
High 2,827.281,312.245,338.38
Low 2,774.451,291.985,256.61
Volume 0975,332,2240
Intraday 
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Italy quake kills at least six, damages historic buildings

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Thousands protest in Chicago as NATO summit opens

CHICAGO (Reuters) - Thousands of protesters carried their anti-war message to world leaders at a NATO summit on a steamy Sunday, in a mostly peaceful march led by a group of Iraq War veterans who symb...
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Sleep apnea linked to cancer in latest studies - Toronto Star


Toronto Star

Sleep apnea linked to cancer in latest studies
Toronto Star
ANAHAD O'CONNOR The New York Times Two new studies have found that people with sleep apnea, a common disorder that causes snor...
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Facebook shares could fall below IPO price: Barron's

(Reuters) - Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron's wrote in its May 21 edition.
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App scans faces of bar-goers to guess age, gender - Bangor Daily News


Daily Mail

App scans faces of bar-goers to guess age, gender
Bangor Daily News
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Stocks: Storm clouds still gathering over Greece

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Ex-Goldman director set for insider trading trial

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U.S. stocks: Worst week of the year

Stocks closed out an ugly week. Despite initial euphoria surrounding Facebook's public debut, the social network's shares barely popped above its offering price and failed to inspire investors to buy ...
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Will Greece Be Able to Print Drachma in a Rush?

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PRESS DIGEST - Sunday British Business - May 20

LONDON, May 20 (Reuters) - The following business stories were reported in British newspapers on Sunday:
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China Stocks are Expected to Weaken Further

China stocks are expected to weaken further after losing 2.1 percent last week.
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The Scoup on IPOs

Cramer explains the little-known mechanics of these popular deals.
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Discord at Key JPMorgan Unit Is Faulted in Loss

Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.
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Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates  improved marginally from yesterday's new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of a...

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US Bond Yields Hover Near Lows on Euro Zone Worries

U.S. Treasury yields inched higher on Friday, but were still near their lowest levels since September on fears that Greece could leave the euro zone and after Moody's cut the credit ratings of a large...
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The Week That Was

CNBC's Sue Herera looks back at the week's top business and financial stories.
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Far East buyers beware in London property rush

LONDON (Reuters) - When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer s...
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Money In Motion, May 18, 2012

A detailed look at currency trading, with CNBC's Brian Sullivan and the Money In Motion traders.
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Hedge Fund Elite: What Our 'Best Ideas' Are Now

Once a year, top hedge fund managers get together at a charitable event and share their "best ideas" with hundreds of wealthy investors who pay thousands of dollars to rub shoulders with them.
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Merkel's "referendum comment" irks Greeks

May 19 - Greeks are upset with a report that German Chancellor Angela Merkel suggested the country hold a referendum on euro zone membership. Andrew Raven reports.
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