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Tuesday, May 29, 2012

Morning Digest: Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses

Reuters » Morning Digest
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05/29/2012
Reuters     Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the     politics in between
Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades..
U.N. envoy Annan meets Syria's Assad
BEIRUT (Reuters) - Syrian President Bashar al-Assad met peace envoy Kofi Annan on Tuesday, the state news agency SANA said, amid an outcry over a massacre of civilians that U.N. observers attributed at least partly to the army but the government blamed on Islamist militants..
Stock futures signal higher Wall Street open
LONDON (Reuters) - Stock index futures pointed to a higher open on Wall Street on Tuesday following a long market holiday weekend, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.8 to 1 percent..
Justin Bieber accused of battering man taking photos
LOS ANGELES (Reuters) - Los Angeles County sheriff's deputies are investigating a complaint that Canadian pop sensation Justin Bieber roughed up a man who was taking pictures of the performer at a suburban shopping center, police said on Monday..
James and Heat too much for Celtics
MIAMI (Reuters) - Led by LeBron James' 32 points, the Miami Heat enjoyed a convincing 93-79 win over the Boston Celtics on Monday to grab a 1-0 lead in their Eastern Conference championship series..
Powerful "Flame" cyber weapon found in Iran
BOSTON (Reuters) - Security experts said on Monday a highly sophisticated computer virus is infecting computers in Iran and other Middle East countries and may have been deployed at least five years ago to engage in state-sponsored cyber espionage..
SpaceX capsule docks at space station, opens new era
CAPE CANAVERAL, Florida (Reuters) - Astronauts aboard the International Space Station captured the SpaceX Dragon cargo ship and guided the privately owned craft into a docking berth on Friday, opening a new chapter in the U.S. space program..
Mexican mother arrested after son's eyes gouged out
MEXICO CITY (Reuters) - A mother in Mexico has been arrested on suspicion of gouging out the eyes of her 5-year-old son during a ceremony..
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