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Shares of Burger King Worldwide Holdings Inc opened at $14.50 on Wednesday (ticker: BKW), as it started its first round of trading, less than two years of going private in a $3.26 billion sale to Brazilian investment fund 3G Capital Management LLC.

An overall drop in the market is exacerbating JPMorgan's losses tied to its bets on corporate bonds.

One thing seems clear about JPMorgan Chase's $2 billion loss. It's no longer $2 billion. It's likely much higher.

Tickers:
JCP | JPM | MBI | RDN
Tags:
, JPM, jp morgan, JP Morgan Chase, jcp, MBI, RDN

More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas.

JPMorgan suffers big loss

Posted by moneyman on May 11th, 2012

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 suffered the losses is part of the bank's so-called corporate unit, and had been making trades designed to hedge against risk.

April's auto sales, combined with the ISM report on manufacturing and data on construction spending, should help allay some of the concern over growth slowing in the second quarter.

The evidence has been clear for the past few months that the U.S. economy was accelerating in the second half, and toward the close. The jobs market, long a lagging indicator, is showing some signs of catching up. Expectations had been high for Friday morning's December jobs release, thanks to the ADP report on Thursday that suggested the private sector created 325,000 jobs in the month.

Fortune 500:Top-Performing Stocks of 2011

Posted by moneyman on December 29th, 2011

It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains. From Ross Stores to MasterCard, here are the biggest winners.

From 30,000 feet, this year's volatile swings in the stock market don't look as bad, with the S&P 500 down only 3% for the year.

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