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Facebook Needs to Turn Data Trove Into Investor Gold
As the company goes public, it has to figure out how to use its vault of information to enrich its shareholders.
DealBook: After $2 Billion Loss, JPMorgan Reshuffles Trading Group
Matthew E. Zames, the JPMorgan executive who was tapped on Monday to replace the outgoing chief investment officer, Ina Drew, announced several top leadership changes in the unit on Monday afternoon.
DealBook: JPMorgan's Loss: Illegal, or Just Bad Judgment?
Any S.E.C. investigation would focus less on the decision to use complex derivatives and more on when Jamie Dimon and the bank’s management knew about the losses, and what they said to investors about the problem.
Deal Professor: Will JPMorgan Claw Back Pay?
With Ina Drew and two JPMorgan traders leaving in the wake of trading loss, the question is whether JPMorgan will invoke its newly adopted clawback policy to penalize these executives.
Degrees of Debt: Colleges Begin to Confront Higher Costs and Students’ Debt
With the balance of student debt topping $1 trillion, college presidents are recognizing that they must handle the costs of education through methods other than tuition increases.
DealBook: Yahoo's Former Chief to Leave Without Severance
Yahoo's outgoing chief executive, Scott Thompson, will leave the company without severance, after he was forced out after admitting an erroneous academic record.
Greek Crisis Hurts Markets
The dollar rose and stocks fell as politicians fumbled for a way forward in a crisis that has put Greece’s continued euro membership into serious doubt.
DealBook: Dewey's Bienenstock Discusses Law Firm's Demise
The bankruptcy lawyer Martin J. Bienenstock acknowledged that the guaranteed long-term pay contracts given to partners were at the core of Dewey & LeBoeuf's problems.
Frank Gehry’s Bid for Hong Kong Renters
Swire Properties has unveiled Frank Gehry’s new Opus Hong Kong — a 12-story apartment complex that is his first major project in Asia.
Chairman of Best Buy, Richard Schulze, to Step Down
The company’s audit committee said Richard Schulze, also the chain’s founder, failed to report an inappropriate relationship between the former chief executive and an employee.
DealBook: Falcone's LightSquared Files for Bankruptcy
LightSquared, a broadband wireless company that aimed to connect millions of customers in a far-reaching satellite network, filed for bankruptcy protection on Monday.
Groupon Reports Smaller Loss on Higher Revenue
Online deals company Groupon is reporting a smaller net loss and sharply higher revenue for the first quarter, helped by increased demand from a growing customer base.
Chesapeake Chief Says He’d Welcome Icahn as Investor
Aubrey McClendon said Monday he’d welcome activist investor Carl Icahn as a shareholder, but hinted that no shakeup was afoot.
DealBook: Ally's Mortgage Unit, ResCap, Files for Bankruptcy
Residential Capital. the mortgage unit of Ally Financial, filed for bankruptcy on Monday, a move aimed at removing Ally's biggest obstacle to its turnaround efforts.
The Media Equation: Audiences Now Rarely Drawn to Live Television
When it comes to the traditional screen that families gather around, live television is competing against a growing array of self-selected content, and audiences are bolting.
Disruptions: Disruptions: Facebook's Real-Life 'Spidey Sense'
Facebook is more tapped into the pulse of people online than any company on the planet; as a result, it has the inside track to what is becoming popular in a way that its competitors do not.
Today's Economist: Nancy Folbre: Define 'Welfare State,' Please
Data simply does not support the abstract notion that the "welfare state" is out of control in the United States, an economist writes.
Bucks: How to Talk About Money With Your Spouse
There is often a radical mismatch between two spouses' financial expectations that doesn't emerge until years into a marriage or partnership. Don't be that couple.
Advertising: In Evolving Media Landscape, Television Holds Sway
Madison Avenue, even if it can’t always get what it wants from television anymore, still believes it gets most of what it needs.
Plot Raises Questions About Airport Security
In Congressional hearings last week, committee members criticized the T.S.A., saying it did not properly test the machines.
On the Road: Variety in a Flying Career, Spiced With Aggravation – On the Road
A new book describes the not-so-glamorous life of today’s flight attendant.
Frequent Flier: Mistaken for Captain Picard, Except by Airport Security
In his travels, Gary Garrison of the Dramatists Guild says he is often mistaken for Patrick Stewart, who played Jean-Luc Picard on “Star Trek: The Next Generation.”
Op-Ed Columnist: Why We Regulate
Jamie Dimon and JPMorgan Chase couldn’t make the reason clearer.
BUSINESS: House Advantage: The Sure Thing
An animated explanation of how banks use securities lending to make a profit, while their customers cover the losses.
