Business News

• JPMorgan has returned $600 million of MF Global money: WSJ June 2, 2012
  (Reuters) - JPMorgan Chase & Co has returned about $600 million that was at the bank when MF Global Holdings Ltd went bust in October, the Wall Street Journal reported late on Friday citing people familiar with the matter. […]
• China studies more market opening steps: state media June 2, 2012
  SHANGHAI (Reuters) - China is considering steps to allow overseas firms to float shares in the country and foreign institutions to invest yuan they hold in domestic markets, state media on Saturday quoted a government document as saying. […]
• Moody's cuts Greek domestic rating ceiling on euro exit risk June 2, 2012
  NEW YORK (Reuters) - Rating agency Moody's Investors Service said it had lowered its ratings ceiling on Greek domestic debt issuers due to the rising risk of the country exiting the euro zone, but added it did not consider that the most likely scenario for the country. […]
• Job growth trips again, opens door to more Fed moves June 2, 2012
  WASHINGTON (Reuters) - U.S. job growth braked sharply for a third straight month in May and the unemployment rate rose for the first time in nearly a year, raising chances of further monetary stimulus from the Federal Reserve to support the sputtering recovery. […]
• U.S. regulator said slow to see mortgage servicing risk June 1, 2012
  WASHINGTON (Reuters) - The chief regulator of U.S. national banks did not pay enough attention to how lenders process home foreclosures and underestimated the risks it posed until problems broke into the open in late 2010, the Treasury Department's inspector general said in a report released on Friday. […]
• Wall Street sinks on jobs data, Dow negative for 2012 June 1, 2012
  NEW YORK (Reuters) - Stocks fell more than 2 percent on Friday, dragging the Dow into negative territory for the year after a dismal U.S. jobs report added to fears that Europe's spiraling debt crisis was dragging down the world economy. […]
• Wal-Mart chairman: Integrity 'is our business' June 1, 2012
  FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc executives told shareholders they would not stand for unethical behavior at the world's largest retailer, whose shares have soared to 12-year highs as strong results more than offset concerns about bribery allegations. […]
• Protege testifies against McKinsey mentor Gupta June 1, 2012
  NEW YORK (Reuters) - When business guru Rajat Gupta and his protege, Anil Kumar, worked together to expand management consultancy McKinsey & Co in the 1990s, a date in court years later surely was not part of the plan. […]
• Wall Street Week Ahead: Time for some more stimulus? June 1, 2012
  NEW YORK (Reuters) - Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. […]
• Analysis: How Morgan Stanley sank to junk pricing June 1, 2012
  (Reuters) - The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month. […]