The Guardian:
Commodities soared and emerging markets took off, but the average small investor missed out, says Patrick CollinsonIt invests in goldmines – and it became a goldmine. Every £1,000 invested in BlackRock Gold & General at the b (Read More)
observer.guardian.co.uk:
The US chocolate company Hershey is considering an audacious go-it-alone attempt to buy the besieged Cadbury confectionery empire through a takeover offer of at least $17bn (£10.2bn) to edge out Kraft's £9.8bn hostile bid.Sou (Read More)
The Guardian:
Investment bank under fire again as investors protest at record bonuses of $717,000 eachGoldman Sachs has had to defend itself from angry taxpayers, regulators, the government – and now its own shareholders.Some of the US inv (Read More)
Reuters: Mergers News:
SYDNEY, Nov 20 (Reuters) - Australia and New ZealandBanking Group Ltd said on Friday it had agreed to sellits custodian services business in Australia and New Zealand toJP Morgan for an amount it said was not material. (Read More)
Times Online:
Naguib Kheraj, the chief executive of Cazenove, may leave the business after it has completed its sale to JP Morgan of America. (Read More)
Wall Street Journal:
WASHINGTON (MarketWatch) -- The Treasury Department announced late Thursday that it intends to sell warrants to purchase common shares in three financial firms: JP Morgan Chase, Capital One Financial Corp and TCF Financial Co (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
William Kabourek submits:Investors in financial shares have fared well this year, as almost all are significantly higher than their March lows. Those that bought shares near the lows have obviously fared better than the origi (Read More)
The Guardian:
The owners of the City stalwart have, as you'd expect, got the timing of the sale to JP Morgan just rightIt makes sense for JP Morgan and Cazenove to do their deal now. The initial five-year partnership period was about to ex (Read More)
The Guardian:
Historic, traditional Cazenove has gradually modernised over the years. But today is a new eraA quiet yard behind the Bank of England used to house one of the most highly respected firms in the City. And guests who managed to (Read More)
observer.guardian.co.uk:
City sources insist company's culture – secrecy, discretion and sage advice handed out to chief executives – can still surviveA £1bn buyout of blue-blooded City firm Cazenove was confirmed this morning in a move that will unl (Read More)
Times Online:
Current and former staff at JP Morgan Cazenove will share £740 million under a £1 billion deal to buy out the investment banking joint venture by America’s JP Morgan announced this morning. (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
Daniel M. Harrison submits: As the gap between the size of the largest and smallest U.S. banking institutions has widened this year, so has another metric: the average salary of individual investment bankers and those working (Read More)
The Huffington Post | Full News Feed:
Major pharmaceutical companies have insisted for weeks, if not months, that the passage of health care reform would hurt their bottom lines. During an appearance at Bloomberg's Washington Summit last week, David Brennan, head (Read More)
NY Post:
The Central Park Conservancy has received a $1 million donation to restore and replant trees that were ripped apart by a summer storm. The donation by JP Morgan Chase was announced Tuesday with Mayor Michael Bloomberg on the (Read More)
The Huffington Post | Full News Feed:
Facebook's user base now totals over 300 million people. The social media network thus has the potential to reach more people in a single month than likely any other traditional media outlet, including network television, pri (Read More)
Submitted by magitam
from Google Reader:
Facebook and JP Morgan Chase are partnering on a charity initiative that will allow any of the 300 million Facebook users to donate across 500,000 local charities.Facebook users vote for a charity of their choice and the numb (Read More)
Huffington Post:
JP Morgan's Chief Executive Officer, Jamie Dimon, wrote an op-ed piece for Friday (the 13th, very apropos!)'s Washington Post, arguing that the big banks should not be broken up. Whereas Goldman's Lloyd Blankfein invoked th (Read More)