The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial billion estimate by at least billion, according to people with knowledge of the losses. When Jamie Dimon, JPMorgan’s chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading... 

With Facebook, Mark Zuckerberg has created a seemingly perfect home on the Web, one where people feel comfortable chatting with friends, playing games, sharing photos and videos, listening to music and revealing the most intimate details of their lives. The 0 billion question is whether Facebook will be a perfect home for advertisers, as well. Facebook, the social networking giant, is on the cusp of... 

By Chikako Mogi TOKYO (Reuters) – Asian shares on Thursday recovered a bit of the ground lost in the previous day’s sell-off, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> rose 0.5 percent on short covering,... 

By Chuck Mikolajczak NEW YORK (Reuters) – Stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece’s future as a member of the euro zone. Early U.S. gains were erased after the European Central Bank said it had stopped providing liquidity to some Greek banks that had not been recapitalized. The ECB’s... 

Wall Street strategists are the most negative they’ve been on stocks since the bull market began more than three years ago. The consensus view of U.S. equity strategists from major banks is for investors to allocate just 52 percent of their portfolio to stocks and the rest to fixed income, commodities or cash, according to a Bloomberg survey. This is the lowest allocation for stocks since the... 

NEW YORK (Reuters) – JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of billion or more announced last week. A spokesman for JPMorgan Chase declined to comment on the two lawsuits, which were filed in U.S. District Court in Manhattan. (Reporting By Grant McCool; Editing... 

Just days before Facebook is scheduled to hold its first public stock offering, which could value the company at more than 0 billion, one of the country’s largest marketers has decided to remove its advertising from the social network. General Motors, the third-largest advertiser in the United States, decided to discontinue its Facebook advertising, worth about million annually, after a routine... 

By Chikako Mogi TOKYO (Reuters) – Asian shares fell and the dollar rose broadly on Wednesday after efforts to form a new government in Greece collapsed, fuelling fears that a second election in June could precipitate Athens’ exit from the euro zone and deepen the bloc’s debt crisis. Investors continued to reduce positions in riskier assets, leading to a fall of more than in oil prices... 

Stronger news about the U.S. economy stilled the ripples from Europe’s latest political impasse Tuesday, pushing U.S. stocks between modest gains and losses. The euro and European stocks plunged as trading in New York began after efforts to form a government in Greece collapsed. Newly-elected political leaders there disagree about whether to accept more international bailouts and continue with... 

After a legendary run culminating in a peak near ,000 an ounce in August 2011 gold has been cooling its heels of late. The yellow metal has given back all of what were once impressive 2012 gains. More disquieting for those who regard it as the ultimate hedge, gold has loss twice as much as the S&P500 during the choppy markets in May to date. Even gold bugs have to question whether the 11-year...