Business News

  • J.P. Morgan Faces New Probe on Energy Trades
    The Justice Department is investigating whether J.P. Morgan manipulated energy markets, marking the latest legal hurdle for a bank already facing a mountain of litigation and regulatory scrutiny.
  • Supplier to Ship Two iPhones in September
    Apple has asked assembler Hon Hai Precision Industry to begin shipping both a new high-end and low-end iPhone in early September.
  • Falcone Admits Wrongdoing, Agrees to Five-Year Ban
    Hedge-fund manager Philip Falcone agreed to pay more than $18 million, admit wrongdoing and be barred from the securities industry for at least five years in a settlement with regulators.
  • Cash-Poor Companies Feed Hunger for 'Happy Meal' Bonds
    In ‘Happy Meal’ deals, companies offer bonds convertible into stock if the borrower does well, and tools for betting against the company if its prospects sour.
  • Dry Hole Undercuts Cobalt's Market Value
    Investors cut almost $2 billion off Cobalt International Energy’s stock-market value after the energy prospector said it had hit a dry hole in deep water off the coast of Louisiana.
  • Nepotism: Is It a Crime?
    An SEC inquiry into whether J.P. Morgan Chase hired the children of some Chinese officials to win business is a fresh reminder of the risks around the practice of giving jobs to the well connected.
  • LinkedIn's Minimum Age Drops to 14 in U.S.
    The social network is opening its site to high-school students to try to become a go-to resource for college-bound teenagers.
  • NPR Chief to Join National Geographic
    The chief executive of National Public Radio, Gary E. Knell, has resigned after less than two years at the broadcaster to join National Geographic Society as its new CEO.
  • Activists Spur Horse Trading for Seats on Corporate Boards
    Office Depot is pursuing an unusual tactic for dealing with dissident investors: Give them seats as long as key management appointees can keep theirs. The company’s gambit highlights the growing clout of activist investors.

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