Financial bonanza

JPMorgan Chase, in a surprise announcement, said Thursday that it has suffered trading losses of $2 billion since the start of April.
The group that […]

Filed under: Loans, USA by Pascal
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Brian Sack, who oversees the U.S. Federal Reserve’s dealings with Wall Street and was seen as a “rising star” within the central bank, will […]

Filed under: Mortgage, USA by Pascal
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Americans filed the fewest claims for jobless benefits since 2008, surprising forecasters and signaling that an improving labor market will give the world

Filed under: USA, news by Pascal
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Taking a pass on reining in government growth, President Obama unveiled a record $3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads […]

Filed under: Business, USA by Pascal
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New Zealand central bank Governor Alan Bollard will quit in September, ending a decade-long tenure in which he raised interest rates to a record high […]

Filed under: USA, legal by Pascal
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U.K. house prices (UKNBAAMM) may decline in 2012 as economic turmoil emanating from the euro area

Filed under: USA, marketing by Pascal
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+%3Cp%3E+Playboy+Enterprises+announced+on+Wednesday+that+it+is+relocating+its+iconic+magazine+from+Chicago%2C+the+original+base+of+operations%2C+to+Los+Angeles.%3C%2Fp%3E%3Cp%3E%26quot%3BAs+of+May+2012%2C+Playboy+magazine%27s+editorial%2C+art+and+photo+departments+will+be+based+out+of+the+company%27s+Los+Angeles+office%2C%26quot%3B+said+Playboy+spokeswoman+Theresa+Hennessey.+%26quot%3BSome+of+the+magazine%27s+Chicago+employees+have+been+asked+to+relocate%2C+while+others+have+been+asked+to+stay+on+in+Chicago+to+ensure+a+seamless+transition.%26quot%3B%3C%2Fp%3E%3Cp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3E%3Cp%3E%3C%2Fp%3E%3C%2Fp%3E%3C%2Fp%3E%3Cp%3EChicago+has+served+as+the+magazine%27s+base+of+operations+since+its+founding+by+Hugh+Hefner+in+1953.+Marilyn+Monroe+graced+the+first+issue%2C+which+came+out+in+December%2C+just+months+after+the+end+of+the+Korean+War.%3C%2Fp%3E%3Cp%3EThis+has+been+a+significant+year+for+the+company%2C+which+Hefner+decided+to+take+private.+In+a+deal+that+was+finalized+in+March%2C+the+company%27s+outstanding+shares+were+purchased+by+Icon+Acquisition+Holdings.+Hefner%2C+the+editor-in-chief+and+chief+creative+officer%2C+and+Scott+Flanders%2C+the+chief+executive+officer%2C+are+partial+owners+of+Icon+%3Ca+href%3D%22http%3A%2F%2Fpaydayloans-on.com%22%3Eguaranteed+payday+loans%3C%2Fa%3E%3C%21–+.+–%3E.%3C%2Fp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3E+%3C%2Fp%3E%3Cp%3EThe+move+will+bring+the+magazine+closer+to+Hefner%2C+who+has+lived+for+decades+in+the+Playboy+Mansion+in+Los+Angeles+with+his+famous+harem+of+girlfriends.+He+has+used+the+party+palace+and+the+well-known+Rabbit+Head+logo+as+publicity+tools%2C+especially+with+the+advent+of+Internet+pornography+in+the+1990s%2C+which+has+proven+to+be+his+company%27s+greatest+rival.%3C%2Fp%3E%3Cp%3EThe+original+Playboy+mansion+is+in+Chicago%2C+where+it+has+been+converted+into+condos.%3C%2Fp%3E%3Cp%3EThe+company+didn%27t+reveal+the+fate+of+its+remaining+Chicago+operations%2C+including+the+departments+for+public+relations%2C+human+resources%2C+accounting+and+IT.%3C%2Fp%3E%3Cp%3E%26quot%3BNo+final+decisions+have+been+made+yet+regarding+the+future+of+other+departments+currently+based+in+Chicago%2C%26quot%3B+said+Hennessey.%26nbsp%3B+%3C%2Fp%3E++%3Cp%3E%3Ca+href%3D%27http%3A%2F%2Fmoney.cnn.com%2F2011%2F12%2F14%2Fnews%2Fcompanies%2Fplayboy_hefner%2Findex.htm%27+rel%3D%27nofollow%27%3ESource%3C%2Fa%3E%3C%2Fp%3E+

Filed under: Banks, USA by Pascal
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UPDATES with additional detail
COLUMBIA, Mo.

Filed under: Finance, USA by Pascal
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Asian stock markets were mixed Friday, a day after rallying on news that six of the world’s central banks slashed borrowing costs for banks to […]

Filed under: USA, online by Pascal
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Dublin-based Covidien PLC, a drug and medical device maker with operations in Hazelwood, said Monday it will buy privately held Barrx Medical Inc. for about $325 […]

Filed under: Money, USA by Pascal
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