Scott Thompson is stepping down after a controversy over a fake computer science college degree on his biography, a source familiar with the situation said on Sunday.
JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon offered a mea culpa on NBC's Meet The Press Sunday, saying the mammoth money-center bank was dead wrong to dismiss concerns over a series of hedges that ended up costing the company $2 billion.
For months, Yahoo has been in crisis. Market share fell. CEO Carol Bartz was fired. A Chinese tycoon said he?d buy the company.
JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
Samsung Galaxy S3 was unveiled at the Earls Court press event in London May 3 and the new smartphone has received compliments for its enhanced battery and processor capabilities.
In the aftermath of the recovery of Alexandria Bain and Kyliyah Bain, authorities are now releasing information about the details that led them to the girls and their kidnapper, Adam Mayes. In a press conference held by the Mississippi Highway Patrol, Master Sgt. Steve Crawford explains how days of searching for the Bain sisters and Adam Mayes, who killed their mother and sister, led them to a red-brick church perched on a hill.
Before getting arrested on charges of intercepting phone messages of celebrities, politicians and other public figures, Rebekah Brooks was British journalist, editor and chief executive of Rupert Murdoch's British newspaper subsidiary, News International.
Sony Mobile Communication is one of the leading Android smartphone manufacturers to challenge Samsung Galaxy S3 and HTC One X with its latest flagship devices.
Since hitting 52-week lows last October, U.S. financial-sector stocks have staged a strong comeback -- rising some 34 percent. Despite this uptick, they still look like bargains, at first blush.
The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.
Legendary entrepreneur, American muscle-car manufacturer, and race-car driver Carroll Shelby died Friday at the age of 89, according to a statement by his company Carroll Shelby International Inc. (OTC: CSBI.PK). The cause of death was not disclosed.
Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.
Apple is reportedly dropping Google Maps in favor on a new in-house application, which will be similar to Google Maps' software but is described as a much cleaner, faster, and more reliable experience. The new software will reportedly be released alongside iOS 6, Apple's next mobile operating system.
Fisker Automotive has been struggling recently, and reports that one of its post-recall Fisker Karma cars lit up a suburban Houston garage like a match in a fireworks factory are not helping the image of the company, and unlike the grinning Aventador guy, it seems doubtful that the owner of the crisped Karma has anything to smile about since his $103,000 car set fire to his Acura NSX and Mercedes-Benz SUV as well.
JP Morgan Chase and Co. (NYSE: JPM) shocked the markets Thursday by announcing it would be booking mammoth losses in the range of $3 billion this quarter as a result of a hedged bet gone bad. But what exactly was that bet?
In a what is turning out to be a most bizarre missing persons case, there are still no solids leads that indicate what exactly happened to movie executive Gavin Smith. Smith, who is known for having distributed blockbusters such as Titanic and Avatar, went missing on May 1, after reportedly returning from a conference in Las Vegas, NV.
The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.
The new era of 4G LTE phones are setting to take strong ground and Sprint operator is bidding high on these new set of smartphones category. HTC EVO 4G LTE, its next LTE phone coming on May 18. Recent image leaks suggests two more biggies are there on the block -- Samsung SPH-L300 and LG LS970 'Eclipse'. Which one will be yours?
Twitter, the mobile messaging giant, said it had acquired RestEngine, a social marketing company specializing in emails, mainly to obtain its developers.
Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
Facebook's record initial public offering is already oversubscribed, a source familiar with the share listing said Thursday night, days after the world's largest social network embarked on a cross-country roadshow to drum up investor enthusiasm.
Jose Baez is coming out with a book.
Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred significant mark-to-market losses that it said could easily get worse.
Shares of JPMorganChase (NYSE: JPM) plunged 8 percent Friday after disclosing it had lost at least $2 billion in credit default swap trading.
The national Republican star and oft-mentioned vice presidential candidate vetoed a bill to set up a health insurance marketplace mandated under the Affordable Care Act.
The battle for control of Yahoo (Nasdaq: YHOO), the No. 3 search engine, will be fought next Thursday, the company confirmed.
After much speculation when photos leaked a few months ago, Nestle officially confirmed it will make candy bars inspired by Girls Scouts of America cookie flavors, namely the unofficially declared favorite, Thin Mints. Produced under the Girl Scouts of America license, Nestle announced the limited-edition candy bars will hit participating retail stores beginning on June 1 until September.
Ford Motor announced its second recall of Windstar vans for axle problems in two days Thursday, bringing the number of Windstars recalled so far this month to 36,000.
With Mother?s Day right around the corner, TrueCar.com released its list of the top 10 most popular cars for moms on Thursday, and the results of what moms in cars prefer aren?t exactly surprising. The data, which the car sales and pricing website collected over the course of 2011, shows that Honda and Nissan are the two companies with the greatest sway among mothers, with their CR-V and Altima models leading the way. Slightly unexpected, though, is that only one minivan, the Honda Ody...
Joseph Glynn Farley of Clear Lake, Texas gave drivers quite a show Wednesday afternoon when he hopped on a unicycle to ride across a bridge...butt naked.
