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JPMorgan CEO Dimon acknowledges $800M segment loss

JPMorgan Chase CEO Jamie Dimon says the company expects to lose $800 million this quarter on complex investments made by its own traders. The company’s shares plunged more than 5 percent in late electronic trading after the loss was announced. Source: DANIEL WAGNER | Associated Press

Facebook listing could trigger IPO surge: Nasdaq

Nasdaq OMX Group Inc is looking forward to a spike in the number of companies going public in the near term as they look to take advantage of the market buzz created by Facebook’s listing next week, an executive at Nasdaq said on Thursday. Facebook aims to raise about $10.6 […]

Non-Rendition of Accounts: NSE to suspend Erring Dealing Members May 16

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) said with effect from May 16 2012, it will suspend Dealing Member Firms that are yet to render its Quarterly Returns for the Period Ended March 31 2012 after its May 15 2012 deadline. This is contained a Circular Thursday by the […]