May 17, 2012

Treasury Secretary Says JPMorgan Loss Shows Need for Tough Rules

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Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan \”helps make the case\” for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street.

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TranSwitch Corporation Announces Closing of $2,779,491 Registered Direct Offering

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Corporation a leading provider of semiconductor solutions for the converging voice, data and video network, today announced the completion of its previously announced sale of 1,476,156 shares of its common stock in a registered direct offering, resulting in gross proceeds of $2,779,491 . The common stock offered by the Company in the Registered … (more)

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Brookfield Asset to spin off commercial properties

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Brookfield, which manages about C$150 billion in assets, said the new company will be called Brookfield Property Partners and trade under the ticker symbol \”BPY.\” It will comprise substantially all of Brookfield Asset\’s commercial property operations, including its 50 percent stake in office landlord Brookfield Office Properties ( Brookfield … (more)

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Dimon keeps dual role after JPMorgan vote

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After surviving a push to oust him as chairman, embattled JPMorgan Chase & Co. Chief Executive Jamie Dimon now faces a Justice Department probe into how the bank lost $2 billion from risky trades.

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Pollution charges possible

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A view of Momentive Performance Materials in Waterford, NY on Monday, Sept. 13, 2010.

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Small investors protest before High Court

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A group of retail stock investors demonstrated on Wednesday in front of the High Court against writ petitions of directors of several companies seeking a stay order on a Securities and Exchange Commission circular.

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Doing Equity Crowd Funding Right

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Under the recently passed Jumpstart Our Business Startups Act, small firms will be allowed to sell equity stakes online to large numbers of investors, just as some companies now solicit funds on platforms like Kickstarter.com. And businesses won\’t face the usual rules and red tape that come with larger equity offerings.

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Oxfam America sues Securities and Exchange Commission

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The regulations should have been in place more than a year ago under a provision of Dodd-Frank Wall Street Reform and Consumer Protection Act, Oxfam contends in the civil complaint.

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Grassley seeks information on SEC watchdog turmoil

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U.S. Senator Charles Grassley is pressing the Securities and Exchange Commission for more information about the decision to place on administrative leave the lead investigator in the agency\’s inspector general\’s office.

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Wal-Mart Not Alone in Hesitating to Disclose Foreign Bribe Investigations

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Tyson Foods Inc. paid $5.2 million to the U.S., admitting it made improper payments to government-employed inspection veterinarians.

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