  | | | Wall Street down for 4th day of five, breaks support | | NEW YORK (Reuters) - Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought. | | |  | | | JPMorgan CIO Drew retires after giant trading loss | | LONDON/NEW YORK (Reuters) - The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said on Monday, marking the first casualty from stunning trading losses that experts say could exceed $3 billion. | | | |  | | | Groupon reports first quarterly net profit | | SAN FRANCISCO (Reuters) - Groupon Inc posted its first quarterly profit as the world's largest daily deal company reined in marketing spending, and its stock rose sharply. | | | |  | | | Falcone's LightSquared files for bankruptcy | | (Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States appeared to collapse on Monday when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. | | | |  | | | Chesapeake confident on asset sales, shares rise | | (Reuters) - Chesapeake Energy Corp sought to calm Wall Street worries about its financial position, telling investors on Monday it was confident it would complete asset sales to plug a funding gap, sending shares up as much as 11 percent. | | | |  | | | Ally aims to end mortgage woes with ResCap filing | | (Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 billion in U.S. government bailout money. | | | |  | | | Yahoo investors applaud change, fear limbo | | (Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third Point raises new questions about its future. | | | |  | | | CEO probe forces Best Buy founder out as chairman | | (Reuters) - Best Buy Co Inc founder Richard Schulze is stepping down as chairman after he failed to tell the board that a former chief executive had an improper relationship with a female employee, the electronics retailer said on Monday. | | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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