Wednesday, May 16, 2012
Dancing With Derivatives - NYTimes.com - Maureen Dowd - Jamie Dimon calls it “a doozy.” And it was. A $2 billion credit derivatives trading bungle that could mushroom to a $4 billion loss. The shining industry agitator against some of the tougher regulations on banks has suddenly become the shining example of why still tougher regulations may be needed.
Facebook increases public offering share price making it worth MORE than $100 BILLION | Mail Online - Facebook has raised the price range on its initial public offering to $34 to $38 a share in response to strong demand, a source familiar with the situation said, giving the No.1 social network a valuation exceeding $100 billion. - The company plans to close the books on its IPO on Tuesday, two days ahead of schedule and in a signal that the landmark initial share sale is drumming up strong demand, a second source familiar with the deal told Reuters earlier. The social network is scheduled on Thursday to price its shares, then begin trading on Friday.
Texas athletics outspends college athletics competitors – USATODAY.com - The Longhorns took in a little more than $150 million in 2010-11, the most recent year for which public schools' filings with the NCAA are available. - And the Longhorns underscore a long and growing criticism of major-college athletics, that it's more big business than ancillary educational activity. Ten programs, all anchored by football, made or spent better than $100 million a year ago, USA TODAY Sports' findings show. Nearly two dozen topped $80 million on one side of the ledger or both.
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