By Reuters UK
For Dewey & LeBoeuf, the time may have come for last rights. In recent days, Dewey has laid off hundreds of employees, been hit with new lawsuits for not paying its bills and continued to shed partners, including the last member of its top management team. (5:35 pm)
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CALIFORNIA, COURT, MANAGEMENT, LAWYER, LAW FIRM, LONDON
By IBTimes
Bruno Iksil, the trader behind the $2-billion-and-counting loss at New York-based banking giant JPMorgan Chase and Co. (NYSE: JPM) that has been the talk of New York and Washington for the past few days, will be leaving the bank within the year, the ... (5:29 pm)
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JPMORGAN CHASE, NYSE, THE NEW YORK TIMES, INVESTMENT, LONDON
By Reuters UK
Convicted hedge fund founder Raj Rajaratnam is in prison, but the jurors of a separate insider trading trial of former Goldman Sachs Group Inc <GS.N> and Procter & Gamble Co <PG.N> board member Rajat Gupta will hear his voice in court on FBI wiretaps. (5:28 pm)
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RAJ RAJARATNAM, GOLDMAN SACHS, COURT, LAWYER, FBI, INSIDER TRADING
By IBTimes
As Google rolls out more new changes to their search engine, the Menlo Park, Calif. based company has released the details to their latest search innovation -- "Knowledge Graph." The new Google search feature will reportedly work with its u... (4:30 pm)
By Reuters
NEW YORK, May 16Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are not permitted to speak to the press. E*Trade Financial also stopped accepting orders Tuesday evening, according to a client alert sent out Tuesday. (4:21 pm)
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MORGAN STANLEY, WELLS FARGO, FACEBOOK, RETAIL
By Reuters UK
U.S. stocks and the euro slid on Wednesday on news that some Greek banks face emergency funding needs, while minutes from the Federal Reserve's April meeting showed U.S. economic prospects remain sobering. (4:14 pm)
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DOW JONES, CRUDE OIL, ELECTIONS, EUROPEAN CENTRAL BANK, LONDON
By IBTimes
The New York Giants unveiled their Super Bowl ring on Wednesday, finally getting the bling to match the Lombardi Trophy they earned after winning Super Bowl XLVI. The franchise is also giving fans a chance to try out the ring themselves with a new smartphone app. (3:56 pm)
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GOLD, DIAMONDS, SMARTPHONE, SUPER BOWL
By Reuters UK
U.S. stocks were flat to lower and the euro slid on Wednesday on news that some Greek banks face emergency funding needs, while minutes from an April Federal Reserve meeting showed U.S. economic prospects remain sobering. (3:00 pm)
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FEDERAL RESERVE, DOW JONES, EUROPEAN CENTRAL BANK
By IBTimes
Britney Spears cannot seem to catch a break, even after signing a $15 million "X Factor" deal. The pop starlet attended a press conference to announce her upcoming role as judge on Simon Cowell's "X Factor" on Monday and phot... (2:47 pm)
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BRITNEY SPEARS