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| WSJ.com: Markets |
| Lampert Skeptics Could Get Seared Wed, 16 May 2012 18:24:34 EDT Sears has seen numerous aborted share-price rallies in the past five years and is down 70% over that time. But Chairman Edward Lampert may deserve the benefit of the doubt this time. |
| Facebook IPO: Insiders Cashing Out Wed, 16 May 2012 22:41:10 EDT Some of Facebook's biggest holders are selling up to $3.8 billion in extra shares in Friday's IPO, in some cases at Facebook's request. Goldman Sachs and Tiger Global will now sell as much as 50% of their stakes. |
| White House Pushes to Toughen Bank Rules Wed, 16 May 2012 23:45:12 EDT In the wake of losses at J.P. Morgan, the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money. |
| From 'Caveman' to 'Whale' Wed, 16 May 2012 23:02:48 EDT Bruno Iksil wagered large, and won, in bets last year against a group of junk-bond-rated companies. His trades soured this year, losing the Wall Street bank more than $2 billion. |
| Hedge-Fund Stars Make Stocks Move Wed, 16 May 2012 19:49:27 EDT David Einhorn, Jeff Gundlach and other prominent hedge-fund managers took center stage at a conference to share their investment ideas—and they affected the stock prices of several companies. |
| Asian Markets Are Mixed Wed, 16 May 2012 22:40:11 EDT Asian markets were mixed early Thursday after Wednesday's heavy selling, with investors digesting Japanese data showing the economy grew faster than forecast last quarter. |
| Experts Try Charting the Path for a Euro Exit Wed, 16 May 2012 22:32:05 EDT Returning to a national currency after more than a decade of using the euro and having its money managed by the ECB would catapult Greece into a financial, legal and political no-man's land. |
| Above the Fray Tue, 15 May 2012 19:41:04 EDT It's the rare stock analyst who tells clients to sell shares. But with stocks down last year in all 10 of the markets covered in The Wall Street Journal survey of Asia's Best Analysts, those are the ones who made money for their clients. |
| Pay Clawbacks Raise Knotty Issues Wed, 16 May 2012 23:04:48 EDT J.P. Morgan boss James Dimon says the bank may pursue pay clawbacks for those employees responsible for more than $2 billion in trading losses. But Wall Street's track record is thin in this area. |
| Shareholders Sue J.P. Morgan Wed, 16 May 2012 21:11:28 EDT Two shareholder lawsuits were filed late Tuesday against J.P. Morgan Chase and its top executives over the revelation last week that the bank had suffered more than $2 billion in trading losses. |
| CFFEX Expands Collaboration Efforts Wed, 16 May 2012 18:15:21 EDT The China Financial Futures Exchange this week sealed agreements with four Western exchange operators, aiming to tap the expertise of established markets following a surge in trading volume. |
| Indian Group to Buy U.S. Health Firm Wed, 16 May 2012 20:50:12 EDT India's Piramal Healthcare plans to acquire health-information manager Decision Resources of the U.S. for about $635 million, and Piramal's chairman assailed "an antibusiness feeling" in India. |
| Moody's Cites Concerns on South African Policy Wed, 16 May 2012 18:51:19 EDT South Africa's struggles to tackle growing unemployment and income gaps are weighing on public finances and creating uncertainty about government policy in the continent's largest economy, Moody's said Wednesday. |
| Japan Political Heavyweight Adds to Intervention Hints Wed, 16 May 2012 19:00:58 EDT A Japanese ruling-party heavyweight said the government must intervene in the currency markets if the yen's rise accelerates sharply, adding to the level of jawboning aimed at controlling the currency's moves and its impact on the economy. |
| In U.K., Pay Spats Escalate Wed, 16 May 2012 05:57:15 EDT A shareholder rebellion over executive pay rippling through the U.K. is exposing fissures inside some of the nation's biggest firms. |
| Holders Back Morgan Stanley Pay Plan Tue, 15 May 2012 19:58:24 EDT Morgan Stanley shareholders approved by a wide margin the securities firm's 2011 executive-compensation plan and a plan to allow issuance of 50 million shares for stock grants to pay employees. |
| Facebook's New R&D Machine Wed, 16 May 2012 21:49:32 EDT Facebook is no longer run by a loose collection of programmers who dream up half-baked products after all-night coding sessions. CEO Mark Zuckerberg is taking a more deliberate approach to product development for major features. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.