Security and Exchange Commission (SEC)

6:39am

Tue November 20, 2012
The Two-Way

HP Takes $8.8 Billion Hit From 'Misrepresentations' By Company It Bought

Originally published on Tue November 20, 2012 10:23 am

At Hewlett-Packard headquarters in Palo Alto, Calif.
Justin Sullivan Getty Images

Saying it was a victim of "serious accounting improprieties, disclosure failures and outright misrepresentations" by a British software company it acquired last year, tech titan Hewlett-Packard just announced it erased $8.8 billion from its books last quarter to properly account for the acquisition.

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5:49am

Thu November 15, 2012
The Two-Way

BP Pleads Guilty, Will Pay $4 Billion In Criminal Penalties For Gulf Oil Spill

Originally published on Thu November 15, 2012 4:32 pm

The Deepwater Horizon oil rig burned on April 21, 2010.
U.S. Coast Guard Getty Images

Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.

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5:43am

Wed May 16, 2012
The Two-Way

Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent

Originally published on Wed May 16, 2012 6:20 am

Paul Sakuma AP

The hoopla continues over Facebook's initial public offering of stock, with word that the social media giant has increased the size of Friday's IPO by 25 percent.

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3:39pm

Tue May 15, 2012
Business

Shareholders Press JPMorgan Over Risk-Taking

Originally published on Tue May 15, 2012 3:46 pm

Protesters are seen behind a banner with a picture of JPMorgan Chairman and CEO Jamie Dimon outside a shareholders meeting Tuesday in Tampa, Fla.
Joe Raedle Getty Images

JPMorgan Chase faced more critics Tuesday, this time from some of its own shareholders at its annual meeting in Tampa, Fla. This comes after the bank disclosed it lost at least $2 billion last week in a bungled trading strategy.

The Securities and Exchange Commission is looking into the surprise loss, and the Justice Department has now reportedly opened a preliminary probe.

JPMorgan executives let shareholders do some venting at Tuesday's meeting.

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10:23am

Tue May 15, 2012
The Two-Way

Report: Justice Dept. Probing JPMorgan's Big Loss

Originally published on Tue May 15, 2012 10:45 am

Standing behind a banner with a picture of J.P. Morgan Chairman and CEO James Dimon, protesters gathered outside the bank's annual meeting today in Tampa.
Joe Raedle Getty Images
  • Two soundbites from CEO Jamie Dimon at today's shareholders meeting

The Justice Department has begun looking into JPMorgan Chase's $2 billion-and-counting loss from a hedge account, The Wall Street Journal reports. It cites "a person familiar with the matter" as its source.

The Journal adds that "the probe is at an early stage and it isn't clear what possible legal violation federal investigators may be focusing on."

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