Stock Markets News Headlines - Yahoo! News

http://news.yahoo.com/stocks/ Get the latest stock markets news headlines from Yahoo! News. Find breaking stock markets news, including analysis and opinion on top stock markets stories, photos and more.en-USCopyright (c) 2012 Yahoo! Inc. All rights reserved2012-05-15T21:17:04-04:005http://news.yahoo.com/stocks/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifSINGAPORE, May 16 (Reuters) - Shares of Olam International fell as much as 9.5 percent to its lowest in nearlythree years after the commodity company's earnings and outlookspooked investors and analysts warned that consensus estimateswould be slashed. By 0110 GMT, Olam shares were 7.5 percent lower at S$1.85 with 7.3 million shares traded in the first ten minutes oftrade, compared to full-day average volume of 21.4 million overthe last five sessions. Olam shares have fallen nearly 13 percent so far this year,in a broader market up 8 percent. Olam's January-March net profit declined 22. ...http://news.yahoo.com/olam-shares-tumble-near-3-yr-low-weak-011704166--finance.html2012-05-16T01:17:04ZReutersolam-shares-tumble-near-3-yr-low-weak-011704166--financeSingapore shares are likely to fall on Wednesday followinglosses on Wall Street overnight as the failure of Greece to forma government raised concerns of an upheaval of the euro zone. ----------------------MARKET SNAPSHOT @ 0015 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1330.66 -0.57% -7.690 USD/JPY 80.27 0.1% 0.080 10-YR US TSY YLD 1.7705 -- 0.000 SPOT GOLD 1541.56 -0.16% -2.540 US CRUDE 93.14 -0.89% -0.840 DOW JONES 12632.00 -0.50% -63.35 ASIA ADRS 117.13 -1.16% -1. ...http://news.yahoo.com/singapore-stocks-may-fall-greece-concerns-002826300--sector.html2012-05-16T00:28:26ZReuterssingapore-stocks-may-fall-greece-concerns-002826300--sectorNEW YORK (Reuters) - Carl Icahn, one of Wall Street's most closely watched investors, has yet to show his hand on Chesapeake Energy Corp. In a quarterly regulatory filing, Icahn's investment firm did not disclose any position in the embattled natural gas company. On Sunday, the Wall Street Journal reported that Chesapeake is expecting Icahn, who held Chesapeake equity positions in 2011, to disclose soon that he has taken a significant stake in the company. Icahn has not responded to the WSJ report. Chesapeake shares rallied on Monday, but closed 5.6 percent down at $14.65 on Tuesday. ...http://news.yahoo.com/no-sign-yet-carl-icahns-chesapeake-stake-232918865--sector.html2012-05-15T23:29:18ZReutersno-sign-yet-carl-icahns-chesapeake-stake-232918865--sectorWASHINGTON (Reuters) - Reverberations from JPMorgan Chase's multibillion-dollar trading loss deepened in Washington on Tuesday, with the Democratic leader of the Senate blasting the nation's largest bank for "gambling" and congressional Republicans putting the brakes on a plan to soften Wall Street reforms. Both Republicans and Democrats are still trying to understand the political implications of the trading debacle at one of Wall Street's highest-profile banks as they gauge how it will play in the election-year debate. ...http://news.yahoo.com/washington-uses-jpmorgan-double-down-reforms-232345097--sector.html2012-05-15T23:23:45ZReuterswashington-uses-jpmorgan-double-down-reforms-232345097--sectorWASHINGTON (Reuters) - Reverberations from JPMorgan Chase's multibillion-dollar trading loss deepened in Washington on Tuesday, with the Democratic leader of the Senate blasting the nation's largest bank for "gambling" and congressional Republicans putting the brakes on a plan to soften Wall Street reforms. Both Republicans and Democrats are still trying to understand the political implications of the trading debacle at one of Wall Street's highest-profile banks as they gauge how it will play in the election-year debate. ...http://news.yahoo.com/washington-uses-jpmorgan-double-down-reforms-231811584--sector.html2012-05-15T23:18:11ZReuterswashington-uses-jpmorgan-double-down-reforms-231811584--sector<p><a href="http://news.yahoo.com/wall-st-suffers-third-straight-drop-slide-203943930--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/zHuVYYBuTumHDlWq2gBOPA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T203943Z_1_CDEE84E1LEA00_RTROPTP_2_USA.JPG" width="130" height="86" alt="A street sign stands outside of the New York Stock Exchange" align="left" title="A street sign stands outside of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - U.S. stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation. ...</p><br clear="all"/>http://news.yahoo.com/wall-st-suffers-third-straight-drop-slide-203943930--finance.html2012-05-15T21:38:27ZReuterswall-st-suffers-third-straight-drop-slide-203943930--finance<p><a href="http://news.yahoo.com/wall-st-suffers-third-straight-drop-slide-203943930--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/zHuVYYBuTumHDlWq2gBOPA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T203943Z_1_CDEE84E1LEA00_RTROPTP_2_USA.JPG" width="130" height="86" alt="A street sign stands outside of the New York Stock Exchange" align="left" title="A street sign stands outside of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - U.S. stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/stock-index-futures-point-rebound-074746749--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/RjTKx6vHpZrHD9jxSP.otA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T142857Z_3_CBRE84E0LNR00_RTROPTP_2_CBUSINESS-US-MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation. ...</p><br clear="all"/>http://news.yahoo.com/stock-index-futures-point-rebound-074746749--finance.html2012-05-15T21:26:21ZReutersstock-index-futures-point-rebound-074746749--finance<p><a href="http://news.yahoo.com/stock-index-futures-point-rebound-074746749--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/RjTKx6vHpZrHD9jxSP.otA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T142857Z_3_CBRE84E0LNR00_RTROPTP_2_CBUSINESS-US-MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - Stocks fell for the eighth day in the past 10 on Tuesday as uncertainty stemming from the political stalemate in Greece gave investors another reason to be cautious and sellers came out in force late in the session. The S&P 500 fell for the third straight session as attempts to form a government in Greece fell apart, raising the possibility of a rejection of the bailout terms spelled out by the European Union for the fiscally troubled nation. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/gm-pull-ads-facebook-report-204759166.html"><img src="http://l.yimg.com/bt/api/res/1.2/6QqIKKyIeux3BZkihpxovQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/AFPEconomicEn/photo_1337114835690-1-0.jpg" width="130" height="86" alt="The General Motors headquarters in Detroit, Michigan" align="left" title="The General Motors headquarters in Detroit, Michigan" border="0" /></a>General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter.</p><br clear="all"/>http://news.yahoo.com/gm-pull-ads-facebook-report-204759166.html2012-05-15T20:47:59ZAFPgm-pull-ads-facebook-report-204759166<p><a href="http://news.yahoo.com/gm-pull-ads-facebook-report-204759166.html"><img src="http://l.yimg.com/bt/api/res/1.2/6QqIKKyIeux3BZkihpxovQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/AFPEconomicEn/photo_1337114835690-1-0.jpg" width="130" height="86" alt="The General Motors headquarters in Detroit, Michigan" align="left" title="The General Motors headquarters in Detroit, Michigan" border="0" /></a>General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter.</p><br clear="all"/>WASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the U.S. government may be looking at.http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-202341153--sector.html2012-05-15T20:23:41ZReutersdoj-opens-inquiry-jpmorgan-trading-loss-report-202341153--sectorNEW YORK (Reuters) - For the first time in months, Goldman Sachs CEO Lloyd Blankfein was off the hotseat. As Wall Street's biggest hedge fund managers and top bankers flocked to a charity gala in New York Monday night, the buzz was all about JPMorgan Chase & Co's disastrous trading losses and the pressure on CEO Jamie Dimon. "He screwed up," one hedge fund manager said tersely, referring to Dimon while dissecting how JPMorgan, the country's biggest bank, suffered at least $2 billion in trading losses. ...http://news.yahoo.com/dimon-pushes-blankfein-off-hotseat-charity-gala-162621314--sector.html2012-05-15T20:13:44ZReutersdimon-pushes-blankfein-off-hotseat-charity-gala-162621314--sector<p><a href="http://news.yahoo.com/facebook-options-seen-listed-may-29-200805081--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/YDXOdobgw81NkTS00SAuXA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T200805Z_1_CDEE84E1JXO00_RTROPTP_2_FACEBOOK.JPG" width="130" height="86" alt="A flag announcing the IPO of Facebook flies next to the American flag outside the offices of J.P. Morgan in New York City" align="left" title="A flag announcing the IPO of Facebook flies next to the American flag outside the offices of J.P. Morgan in New York City" border="0" /></a>(Reuters) - Traders will have their first crack at using options to hedge their bets or speculate on Facebook shares in two weeks, when U.S. options exchanges expect to list contracts on the hot new stock. Facebook shares will begin trading on the Nasdaq Stock Market this Friday. The world's No. 1 social network plans to raise more than $12 billion in its highly anticipated initial public offering this week. The International Securities Exchange plans to offer options on Facebook on Tuesday, May 29, the all-electronic options market said on Tuesday. ...</p><br clear="all"/>http://news.yahoo.com/facebook-options-seen-listed-may-29-200805081--sector.html2012-05-15T20:08:05ZReutersfacebook-options-seen-listed-may-29-200805081--sector<p><a href="http://news.yahoo.com/facebook-options-seen-listed-may-29-200805081--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/YDXOdobgw81NkTS00SAuXA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T200805Z_1_CDEE84E1JXO00_RTROPTP_2_FACEBOOK.JPG" width="130" height="86" alt="A flag announcing the IPO of Facebook flies next to the American flag outside the offices of J.P. Morgan in New York City" align="left" title="A flag announcing the IPO of Facebook flies next to the American flag outside the offices of J.P. Morgan in New York City" border="0" /></a>(Reuters) - Traders will have their first crack at using options to hedge their bets or speculate on Facebook shares in two weeks, when U.S. options exchanges expect to list contracts on the hot new stock. Facebook shares will begin trading on the Nasdaq Stock Market this Friday. The world's No. 1 social network plans to raise more than $12 billion in its highly anticipated initial public offering this week. The International Securities Exchange plans to offer options on Facebook on Tuesday, May 29, the all-electronic options market said on Tuesday. ...</p><br clear="all"/>The Wall Street Journal reported Tuesday that the Greek president has warned that depositors withdrew ?700 million ($896 million Cdn) from local banks Monday.http://news.yahoo.com/greece-likely-hold-elections-154032962--finance.html2012-05-15T19:58:28ZCBCgreece-likely-hold-elections-154032962--finance<p><a href="http://news.yahoo.com/anti-wall-street-protesters-upstage-morgan-stanley-meet-185642241--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/iftu4vMRHuaArLvlOZHfpw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T194907Z_1_CBRE84E1J1Z00_RTROPTP_2_USA.JPG" width="130" height="86" alt="A street sign stands near the Morgan Stanley worldwide headquarters building in New York" align="left" title="A street sign stands near the Morgan Stanley worldwide headquarters building in New York" border="0" /></a>PURCHASE, New York (Reuters) - Anti-Wall Street protesters upstaged Morgan Stanley's annual meeting on Tuesday, lobbing tough questions at Chairman and Chief Executive James Gorman and shouting negative comments over a bank official who was attempting to read a tally of shareholder votes. The 53-year-old CEO kept his cool through the meeting, but took protesters to task after one accused him and the board of directors of "immoral" and "unethical" practices. Among protesters' complaints were the bank's high pay packages, job cuts and financial reform lobbying efforts. ...</p><br clear="all"/>http://news.yahoo.com/anti-wall-street-protesters-upstage-morgan-stanley-meet-185642241--sector.html2012-05-15T19:49:07ZReutersanti-wall-street-protesters-upstage-morgan-stanley-meet-185642241--sector<p><a href="http://news.yahoo.com/anti-wall-street-protesters-upstage-morgan-stanley-meet-185642241--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/iftu4vMRHuaArLvlOZHfpw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T194907Z_1_CBRE84E1J1Z00_RTROPTP_2_USA.JPG" width="130" height="86" alt="A street sign stands near the Morgan Stanley worldwide headquarters building in New York" align="left" title="A street sign stands near the Morgan Stanley worldwide headquarters building in New York" border="0" /></a>PURCHASE, New York (Reuters) - Anti-Wall Street protesters upstaged Morgan Stanley's annual meeting on Tuesday, lobbing tough questions at Chairman and Chief Executive James Gorman and shouting negative comments over a bank official who was attempting to read a tally of shareholder votes. The 53-year-old CEO kept his cool through the meeting, but took protesters to task after one accused him and the board of directors of "immoral" and "unethical" practices. Among protesters' complaints were the bank's high pay packages, job cuts and financial reform lobbying efforts. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-energy-companies-2012-likely-fraught-pricing-peril-194054645.html"><img src="http://l3.yimg.com/bt/api/res/1.2/.v1..aBNgFng6JFswAuccA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T194054Z_1_CBRE84E1IP700_RTROPTP_2_CHESAPEAKE-MCCLENDON-LOANS.JPG" width="130" height="86" alt="To match Special Report CHESAPEAKE-MCCLENDON/LOANS" align="left" title="To match Special Report CHESAPEAKE-MCCLENDON/LOANS" border="0" /></a>(Reuters) - Just six months ago energy companies were the kings of the hill, delivering stronger results than any other market sector, but 2012 is looking very different, if first-quarter results are signs of future fortune. Part of the reason was the drop in natural gas prices to lows not seen in a decade. Half the companies in the sector missed Wall Street's estimates for the first quarter, a blow analysts did not see coming. Balance-sheet weakness could be in store in coming quarters if prices remain under pressure. ...</p><br clear="all"/>http://news.yahoo.com/analysis-energy-companies-2012-likely-fraught-pricing-peril-194054645.html2012-05-15T19:40:54ZReutersanalysis-energy-companies-2012-likely-fraught-pricing-peril-194054645<p><a href="http://news.yahoo.com/analysis-energy-companies-2012-likely-fraught-pricing-peril-194054645.html"><img src="http://l3.yimg.com/bt/api/res/1.2/.v1..aBNgFng6JFswAuccA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T194054Z_1_CBRE84E1IP700_RTROPTP_2_CHESAPEAKE-MCCLENDON-LOANS.JPG" width="130" height="86" alt="To match Special Report CHESAPEAKE-MCCLENDON/LOANS" align="left" title="To match Special Report CHESAPEAKE-MCCLENDON/LOANS" border="0" /></a>(Reuters) - Just six months ago energy companies were the kings of the hill, delivering stronger results than any other market sector, but 2012 is looking very different, if first-quarter results are signs of future fortune. Part of the reason was the drop in natural gas prices to lows not seen in a decade. Half the companies in the sector missed Wall Street's estimates for the first quarter, a blow analysts did not see coming. Balance-sheet weakness could be in store in coming quarters if prices remain under pressure. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/home-depot-sales-miss-expectations-102029462.html"><img src="http://l3.yimg.com/bt/api/res/1.2/_iLhoH3X0Lh55Ev3X2MukA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/Reuters/2012-05-15T183651Z_3_CBRE84E0SZ700_RTROPTP_2_NEWS-US-HOMEDEPOT.JPG" width="130" height="86" alt="A customer wheels a cart through a Home Depot store in Washington" align="left" title="A customer wheels a cart through a Home Depot store in Washington" border="0" /></a>(Reuters) - Home Depot Inc posted quarterly sales that fell short of Wall Street's heightened expectations on Tuesday after demand slowed in April following a jump in home improvement projects spurred by an unusually warm winter.</p><br clear="all"/>http://news.yahoo.com/home-depot-sales-miss-expectations-102029462.html2012-05-15T18:36:51ZReutershome-depot-sales-miss-expectations-102029462<p><a href="http://news.yahoo.com/home-depot-sales-miss-expectations-102029462.html"><img src="http://l3.yimg.com/bt/api/res/1.2/_iLhoH3X0Lh55Ev3X2MukA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en-AE_XE/News/Reuters/2012-05-15T183651Z_3_CBRE84E0SZ700_RTROPTP_2_NEWS-US-HOMEDEPOT.JPG" width="130" height="86" alt="A customer wheels a cart through a Home Depot store in Washington" align="left" title="A customer wheels a cart through a Home Depot store in Washington" border="0" /></a>(Reuters) - Home Depot Inc posted quarterly sales that fell short of Wall Street's heightened expectations on Tuesday after demand slowed in April following a jump in home improvement projects spurred by an unusually warm winter.</p><br clear="all"/><p><a href="http://news.yahoo.com/home-depot-sales-miss-expectations-102029268--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/90HgFK9QlabM2m3S0FuEFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T183651Z_3_CBRE84E0SZ700_RTROPTP_2_HOMEDEPOT.JPG" width="130" height="86" alt="A customer wheels a cart through a Home Depot store in Washington" align="left" title="A customer wheels a cart through a Home Depot store in Washington" border="0" /></a>(Reuters) - Home Depot Inc posted quarterly sales that fell short of Wall Street's heightened expectations on Tuesday after demand slowed in April following a jump in home improvement projects spurred by an unusually warm winter. But results were stronger than the company expected, as the warm weather pushed forward a significant amount of sales that would have normally occurred in the second quarter. And despite recent encouraging signs about the U.S. housing market, the company said it has not fully recovered from the housing crash. ...</p><br clear="all"/>http://news.yahoo.com/home-depot-sales-miss-expectations-102029268--finance.html2012-05-15T18:36:51ZReutershome-depot-sales-miss-expectations-102029268--finance<p><a href="http://news.yahoo.com/home-depot-sales-miss-expectations-102029268--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/90HgFK9QlabM2m3S0FuEFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T183651Z_3_CBRE84E0SZ700_RTROPTP_2_HOMEDEPOT.JPG" width="130" height="86" alt="A customer wheels a cart through a Home Depot store in Washington" align="left" title="A customer wheels a cart through a Home Depot store in Washington" border="0" /></a>(Reuters) - Home Depot Inc posted quarterly sales that fell short of Wall Street's heightened expectations on Tuesday after demand slowed in April following a jump in home improvement projects spurred by an unusually warm winter. But results were stronger than the company expected, as the warm weather pushed forward a significant amount of sales that would have normally occurred in the second quarter. And despite recent encouraging signs about the U.S. housing market, the company said it has not fully recovered from the housing crash. ...</p><br clear="all"/>Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial woes.http://news.yahoo.com/chesapeakes-credit-downgraded-p-shares-dip-180744257--finance.html2012-05-15T18:07:44ZAssociated Presschesapeakes-credit-downgraded-p-shares-dip-180744257--financeStandard & Poor's is lowering Chesapeake Energy's credit rating even further and company shares are down more than 5 percent.http://news.yahoo.com/chesapeakes-credit-downgraded-p-shares-dip-162314173--finance.html2012-05-15T16:23:14ZAssociated Presschesapeakes-credit-downgraded-p-shares-dip-162314173--financeWASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the U.S. government may be looking at.http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-160355333--sector.html2012-05-15T16:03:55ZReutersdoj-opens-inquiry-jpmorgan-trading-loss-report-160355333--sector<p><a href="http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-160201400--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/_uT2UpDz_OjHh2WUcNGpRg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T160705Z_1_CBRE84E18RV00_RTROPTP_2_JPMORGAN.JPG" width="130" height="86" alt="A security guard patrols outside the JP Morgan Chase & Co annual shareholders meeting at the bank's back-office complex in Tampa" align="left" title="A security guard patrols outside the JP Morgan Chase & Co annual shareholders meeting at the bank's back-office complex in Tampa" border="0" /></a>WASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the U.S. government may be looking at.</p><br clear="all"/>http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-160201400--sector.html2012-05-15T16:02:01ZReutersdoj-opens-inquiry-jpmorgan-trading-loss-report-160201400--sector<p><a href="http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-160201400--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/_uT2UpDz_OjHh2WUcNGpRg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T160705Z_1_CBRE84E18RV00_RTROPTP_2_JPMORGAN.JPG" width="130" height="86" alt="A security guard patrols outside the JP Morgan Chase & Co annual shareholders meeting at the bank's back-office complex in Tampa" align="left" title="A security guard patrols outside the JP Morgan Chase & Co annual shareholders meeting at the bank's back-office complex in Tampa" border="0" /></a>WASHINGTON (Reuters) - The U.S. Justice Department has opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journal reported on Tuesday, citing a person familiar with the matter. The report said the inquiry was at an early stage and that it was not clear what sort of legal violation the U.S. government may be looking at.</p><br clear="all"/>WASHINGTON, May 15 (Reuters) - The U.S. Justice Departmenthas opened an inquiry into JPMorgan's multibillion-dollar trading loss, the Wall Street Journalreported on Tuesday, citing a person familiar with the matter.http://news.yahoo.com/doj-opens-inquiry-jpmorgan-trading-loss-report-160039233.html2012-05-15T16:00:39ZReutersdoj-opens-inquiry-jpmorgan-trading-loss-report-160039233<p><a href="http://news.yahoo.com/saks-1q-profits-revenue-disappoints-131136029--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/QgdNsX9L7fpuLrzvl5tV0Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/bbdc897eb090b40d0f0f6a706700f613.jpg" width="130" height="86" alt="FILE - This Aug. 15, 2011 file photo shows Saks & Company in New York. Saks Inc. is expected to report its earnings Tuesday, May 15, 2012. (AP Photo/Seth Wenig, File)" align="left" title="FILE - This Aug. 15, 2011 file photo shows Saks & Company in New York. Saks Inc. is expected to report its earnings Tuesday, May 15, 2012. (AP Photo/Seth Wenig, File)" border="0" /></a>Saks reported a 13 percent bump in first-quarter profit, but weak demand of women's designer merchandise helped to pull revenue below Wall Street estimates.</p><br clear="all"/>http://news.yahoo.com/saks-1q-profits-revenue-disappoints-131136029--finance.html2012-05-15T15:51:10ZAssociated Presssaks-1q-profits-revenue-disappoints-131136029--finance<p><a href="http://news.yahoo.com/saks-1q-profits-revenue-disappoints-131136029--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/QgdNsX9L7fpuLrzvl5tV0Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/bbdc897eb090b40d0f0f6a706700f613.jpg" width="130" height="86" alt="FILE - This Aug. 15, 2011 file photo shows Saks & Company in New York. Saks Inc. is expected to report its earnings Tuesday, May 15, 2012. (AP Photo/Seth Wenig, File)" align="left" title="FILE - This Aug. 15, 2011 file photo shows Saks & Company in New York. Saks Inc. is expected to report its earnings Tuesday, May 15, 2012. (AP Photo/Seth Wenig, File)" border="0" /></a>Saks reported a 13 percent bump in first-quarter profit, but weak demand of women's designer merchandise helped to pull revenue below Wall Street estimates.</p><br clear="all"/>Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions, as regulators continue to implement the 2010 law aimed at policing Wall Street.http://news.yahoo.com/geithner-jpmorgan-loss-shows-tough-rules-141945290--finance.html2012-05-15T14:19:45ZAssociated Pressgeithner-jpmorgan-loss-shows-tough-rules-141945290--financeTreasury Secretary Tim Geithner says the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions as regulators continue to implement the 2010 law policing Wall Street.http://news.yahoo.com/geither-jpmorgan-loss-shows-tough-rules-140751557--finance.html2012-05-15T14:07:05ZAssociated Pressgeither-jpmorgan-loss-shows-tough-rules-140751557--finance<p><a href="http://news.yahoo.com/wall-street-flat-greece-faces-elections-134207226--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/iI4jporOVIP.dLdayCwM4Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T134207Z_1_CDEE84E122B00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="People walk past the New York Stock Exchange in New York" align="left" title="People walk past the New York Stock Exchange in New York" border="0" /></a>NEW YORK (Reuters) - U.S. stocks traded flat on Tuesday, erasing strong gains in the premarket session after news Greece will hold new elections put the debt-stricken country's bailout package and debt repayments further at risk. The Dow Jones industrial average dropped 2.42 points, or 0.02 percent, to 12,692.93. The Standard & Poor's 500 Index dropped 0.02 points, or 0.00 percent, to 1,338.33. The Nasdaq Composite Index gained 5.89 points, or 0.20 percent, to 2,908.47. (Reporting By Edward Krudy, editing by Dave Zimmerman)</p><br clear="all"/>http://news.yahoo.com/wall-street-flat-greece-faces-elections-134207226--finance.html2012-05-15T13:42:07ZReuterswall-street-flat-greece-faces-elections-134207226--finance<p><a href="http://news.yahoo.com/wall-street-flat-greece-faces-elections-134207226--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/iI4jporOVIP.dLdayCwM4Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-15T134207Z_1_CDEE84E122B00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="People walk past the New York Stock Exchange in New York" align="left" title="People walk past the New York Stock Exchange in New York" border="0" /></a>NEW YORK (Reuters) - U.S. stocks traded flat on Tuesday, erasing strong gains in the premarket session after news Greece will hold new elections put the debt-stricken country's bailout package and debt repayments further at risk. The Dow Jones industrial average dropped 2.42 points, or 0.02 percent, to 12,692.93. The Standard & Poor's 500 Index dropped 0.02 points, or 0.00 percent, to 1,338.33. The Nasdaq Composite Index gained 5.89 points, or 0.20 percent, to 2,908.47. (Reporting By Edward Krudy, editing by Dave Zimmerman)</p><br clear="all"/>

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