The Wall Street Job Report

Why Facebook Fell Flat–Editor’s Notes, May 18, 2012

Beth Connolly — Fri, 18 May 2012 21:39:38 +0000

Today was Mark Zuckerberg's big day. He rang the bell at the opening of the Nasdaq stock exchange this morning, and his stock debuted at $38 a share around 11AM.

How Aaron Burr’s Scheming Helped Found JP Morgan Chase

Lisa Swan — Fri, 18 May 2012 21:26:05 +0000

If you think what happens at JP Morgan Chase these days is outrageous, like making what the Wall Street Journal is calling a “$200 million blunder,” wait until you hear about all the shenanigans that went on when the bank was founded.

Jack Welch Talks; Women Squawk

Lisa Swan — Fri, 18 May 2012 21:25:38 +0000

Is former General Electric head Jack Welch out of touch? That’s what some women were asking about the 75-year-after hearing him and his wife Suzy speak at a recent Women in the Economy conference.

Will JPMorgan Chase Claw Back on Failed Traders?

Lisa Swan — Fri, 18 May 2012 21:25:14 +0000

Wall Street has talked a good game about putting in clawback provisions, enabling companies to take back money from investors engaging in shenanigans. Now, with JP Morgan Chase suffering billions in trading losses, we shall see if the company puts its money where its mouth is.

Wall Street Winners and Losers: 5/18/12

Lisa Swan — Fri, 18 May 2012 21:12:36 +0000

Facebook's up -- way up -- and JPMorgan Chase is down in this week's look at Wall Street's winners and losers.

HP Considers 25,000 Job Cuts and Four Other Stories the Street Needs to Know This Week 5/18/12

Kyle Colona — Fri, 18 May 2012 20:53:05 +0000

HP Job Cut plan, JP Morgan $2billion swap loss, Jamie Dimon to testify, Spanish banking crisis, Greece Elections in June.

SocGen Had To Cap Voluntary Layoffs Because Bankers Rushed Out The Door

Wall Street Job Report — Fri, 18 May 2012 19:39:18 +0000

Societe Generale now plans to restrict the initiative to front-office employees such as traders and their supporting teams, after receiving 2,200 voluntary severance requests since the beginning of April

Bank Bonuses To Rise in 2013

Wall Street Job Report — Fri, 18 May 2012 19:35:53 +0000

Big banks are expected to use a larger portion of profits for employee bonuses this year

Is Facebook a Ponzi Scheme?

Jon Lewin — Fri, 18 May 2012 19:14:13 +0000

Not everyone rushed to buy shares when Facebook made its market debut. Forbes contributor Ryan Holiday is so skeptical of Facebook’s financial model that he has urged prospective investors to consider an argument that Facebook is a Ponzi scheme. Holiday, (…)

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16 Spanish Banks Downgraded, A $4k Facebook Order, Morgan Stanley’s Bad Week:Wall Street News 5/18/2012

Wall Street Job Report — Fri, 18 May 2012 18:50:43 +0000

Top stories on Wall Street today include Morgan Stanley Is Having A Worse Week Than JPMorgan, Santander Among 16 Spanish Banks Downgraded, Facebook Stock Up Slightly, and more.

Hedge Fund Managers Struggle to Be Concise (And Other Takeaways From The Ira Sohn Conference)

Wall Street Job Report — Fri, 18 May 2012 18:23:48 +0000

Every year, the Ira Sohn foundation invites a group of esteemed money managers to present investment ideas to raise money for pediatric cancer and other children’s illnesses.

Facebook IPO: Money, Connections Help The Wealthiest On Wall Street Snag Shares In Social Media Site

Wall Street Job Report — Fri, 18 May 2012 18:19:01 +0000

A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.

Lawyers For The Major Banks Accidentally Leaked E-mails About Their Clients Naked Short-Selling Overstock.com

Wall Street Job Report — Fri, 18 May 2012 18:14:37 +0000

The online retailer accuses the banks of naked short-selling its stock.

Read This Hilarious Letter From Mark Zuckerberg To Investors

Wall Street Job Report — Fri, 18 May 2012 16:12:00 +0000

For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.

Check Out The New Porsche Spyder

Wall Street Job Report — Fri, 18 May 2012 16:05:16 +0000

Releasing these new photos of the Porsche 918 Spyder, the company has announced some exciting development news