PPM Blog
Wal-Mart rallies as U.S. gains traction
Wal-Mart Stores Inc. shares jump on Thursday after Walmart U.S., its biggest unit, reported a third straight quarterly same-store sales gain. Read More
China Life urges Taiwan on insurer stakes: report
TAIPEI -(MarketWatch)- China Life Insurance Co. (2628.HK) said it would be keen to acquire a stake in a Taiwanese insurer, if Taiwan’s regulator were to allow Chinese investors to own as much as 20% in these companies, compared to 5% [...]
Geithner, Dimon discussed Volcker rule in March
(Adds Treasury comment in final paragraph.) WASHINGTON -(MarketWatch)- Treasury Secretary Timothy Geithner and J.P. Morgan Chase & Co. JPM Chief Executive James Dimon met in early March to discuss a new rule restricting commercial banks from trading with their own [...]
China’s CFFEX expands collaboration efforts
–China Financial Futures Exchange expands collaboration efforts –CFFEX signs memorandum of understanding with NYSE, CBOE, CME, Eurex –Contract volume on market nearly doubled in first quarter (Updates to include additional agreements with CME Group and Deutsche Boerse’s Eurex, as well [...]
Paul B. Farrell: The 4 hard lessons of 2008 that Dimon must accept
Will Jamie Dimon’s lesson in humility lead him to embrace the four broader lessons of 2008? Will this change not just J.P. Morgan but all the too-big-to-fail banks that control over 90% of America’s banking assets? Will Wall Street finally [...]
National Grid keeps positive outlook for 2012-2013
LONDON -(MarketWatch)- National Grid PLC (NG.LN) Thursday posted a 3% decrease in full-year operating profit, due to severe weather that had hit its U.S. businesses, but maintained its positive outlook for 2012-2013. Read More
J.P. Morgan loss raises concerns for a Republican
Even as Republicans continue to push for dismantling derivatives regulations, a key GOP member says J.P. Morgan’s surprise trading loss of more than $2 billion raises concerns about the stability of the U.S. economy. Read More
Newswatch: U.S. stock futures wobble on Greece worries
U.S. stock-index futures pointed to a flat open for Wall Street, as investors remained focused on Greece’s politics and finances. Read More
Federal regulators to meet after J.P. Morgan trade
WASHINGTON (MarketWatch) – A government council made up of bank and securities regulators that seeks to identify systemic risk issues plans to meet Tuesday privately, according to a Treasury official. The meeting, which the official said is a regularly scheduled [...]
How politicians see a battleground Ohio county
The chairmen of the Democratic and Republican parties of Wood County, Ohio, talk to MarketWatch about their plans to help Barack Obama and Mitt Romney win their bellwether county this fall. Read More