xml/Corporations.xml en-gb The highlighted stories from the Corporations category of the Spiderednews web site. Thu, 17 May 2012 01:12:53 GMT © 2012 SpideredNews.com15HINDUSTANTIMESTue, 15 May 2012 03:27:06 +0000The leader of JPMorgan Chase & Co's hedging unit is retiring after trading losses that could end up exceeding $3 billion, a shortfall that President Barack Obama said might have led the governhttp://www.spiderednews.com/index.php?article_ID=972094http://www.spiderednews.com/index.php?article_ID=972094CorporationsHINDUSTANTIMESMon, 14 May 2012 16:30:19 +0000The chief investment officer at JPMorgan Chase, one of the highest-ranking women on Wall Street, will retire, the company said Monday. She becomes the first casualty of the bank's $2 billion http://www.spiderednews.com/index.php?article_ID=972097http://www.spiderednews.com/index.php?article_ID=972097CorporationsCNNMon, 14 May 2012 12:26:37 +0000Ally Financial's ResCap mortgage unit filed for a prepackaged bankruptcy protection Monday, a move that the taxpayer-owned bank says will allow it to take another step to repay Treasury. http://www.spiderednews.com/index.php?article_ID=972080http://www.spiderednews.com/index.php?article_ID=972080CorporationsHINDUSTANTIMESMon, 14 May 2012 09:39:45 +0000Moody's cut its rating for state-run Life Insurance Corp of India (LIC) two weeks after it put the country's largest portfolio investor under review for a downgrade over its high exposure to shttp://www.spiderednews.com/index.php?article_ID=972111http://www.spiderednews.com/index.php?article_ID=972111CorporationsCNNMon, 14 May 2012 14:46:45 +0000Best Buy on Monday said an investigation revealed that former Chief Executive Officer Brian Dunn engaged in an inappropriate relationship with a female co-worker. http://www.spiderednews.com/index.php?article_ID=972075http://www.spiderednews.com/index.php?article_ID=972075CorporationsCNNMon, 14 May 2012 17:41:53 +0000JPMorgan Chase announced Monday that Ina Drew, the firm's chief investment officer, has left the bank after revelations of a $2 billion loss sustained over the past six weeks. http://www.spiderednews.com/index.php?article_ID=972069http://www.spiderednews.com/index.php?article_ID=972069CorporationsCNNMon, 14 May 2012 21:27:47 +0000Daily deals company Groupon on Monday reported narrowing losses and better-than-expected sales, giving investors hope that the company can steady its ship. http://www.spiderednews.com/index.php?article_ID=972062http://www.spiderednews.com/index.php?article_ID=972062CorporationsCNNMon, 14 May 2012 23:05:49 +0000President Barack Obama said Monday that a $2 billion trading loss suffered by JPMorgan Chase is "why Wall Street reform is so important." http://www.spiderednews.com/index.php?article_ID=972055http://www.spiderednews.com/index.php?article_ID=972055CorporationsCNNMon, 14 May 2012 23:03:05 +0000It's official: Scott Thompson "resigned" from his post as Yahoo CEO's in the wake of his resume-embellishing scandal, and he'll receive no severance. http://www.spiderednews.com/index.php?article_ID=972051http://www.spiderednews.com/index.php?article_ID=972051CorporationsCNNMon, 14 May 2012 22:14:25 +0000Unable to reach a deal with its lenders, upstart wireless carrier LightSquared filed for bankruptcy Monday. http://www.spiderednews.com/index.php?article_ID=972066http://www.spiderednews.com/index.php?article_ID=972066Corporations