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Dec. 1 (Bloomberg) -- New issues of Build America Bonds, the type of subsidized taxable debt Massachusetts will offer today, may rise 40 percent from this year’s monthly average to total $110 billion in 2010, JPMorgan Chase & Co.
Dec. 2 (Bloomberg) -- European finance ministers said potential risks to their economies and banks from Dubai were limited as one of the emirate’s state-owned companies started talks to restructure $26 billion of debt.
Dec. 2 (Bloomberg) -- Prince Alwaleed bin Talal , the billionaire Saudi investor, said banks that loaned money to Dubai World can’t claim to be victims of the emirate’s debt crisis because they should have understood the risks.
Dec. 1 (Bloomberg) -- New issues of Build America Bonds, the type of subsidized taxable debt Massachusetts sold today, may rise 40 percent from this year’s monthly average to total $110 billion in 2010, JPMorgan Chase & Co.
Dec. 2 (Bloomberg) -- The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.
Dec. 2 (Bloomberg) -- Dubai’s credit risk fell the most in nine months after state-controlled Dubai World began talks on restructuring less than half its total liabilities and said the rest of its obligations are on “a stable financial footing.”
Dec. 2 (Bloomberg) -- General Motors Co. Chief Executive Officer Fritz Henderson resigned after eight months on the job as directors concluded he hadn’t done enough to fix GM’s finances and culture, people familiar with the matter said.
Dec. 1 (Bloomberg) -- Cemex SAB, the largest cement maker in the Americas, hired Citigroup Inc., Barclays Plc, Bank of America Corp. and JPMorgan Chase & Co. to arrange a benchmark dollar bond sale, said a person familiar with the transaction.
NEW YORK (AP) -- Shares of some top finance companies are down at noon: Bank of America fell $.06 or .4 percent, to $15.79. Citigroup unchanged at $4.11. JPMorgan Chase fell $.57 or 1.3 percent, to $41.92.
Dec. 2 (Bloomberg) -- Australia’s dollar rose for a third day as demand for riskier assets revived before an industry report economists say will show U.S. employers cut the least jobs in more than a year. New Zealand’s was little changed.
Dec. 2 (Bloomberg) -- Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract investors seeking the world’s next low-cost labor hub.
Johnny R. Williams, 30, would appear to be an unlikely person to have to fret about the impact of race on his job search, with companies like JPMorgan Chase and an M.B.A. from the University of Chicago on his resume.
Bank of America shares fell Tuesday as it was one of several banks to have earnings estimates reduced by JPMorgan Chase.
(Corrects date of U.S. jobs report in 7th paragraph.) Dec. 2 (Bloomberg) -- The Australian and New Zealand dollars advanced for a third day as demand revived for riskier assets before a private report economists say will show U.S. employers last month cut the least jobs in more than a year.
Life might be good again on Wall Street these days, but financial firms are taking pains not to pop the champagne corks this holiday season.
NEW YORK (AP) -- Shares of some top finance companies are mixed at 10 a.m.: Bank of America rose $.12 or .8 percent, to $15.97. Citigroup rose $.04 or 1.0 percent, to $4.15. JPMorgan Chase fell $.13 or .3 percent, to $42.36.
