France Inc risks losing more than 15,000 jobs in the months ahead, testing Socialist President- elect Francois Hollande&rsquo;s resolve to block firings.

Hollande jobs pledge faces test as corporate France readies cuts

Business Standard

Chinese companies traded in the US fell to the lowest valuations versus the biggest emerging markets in a year as Europe&rsquo;s debt crisis deepened and growth in the world&rsquo;s second-largest economy slowed.

ADR premium to BRICs narrows on Europe concerns

Facebook Inc rose in its trading debut following a record initial public offering (IPO) that made the social network more costly than almost every company in the Standard &amp; Poor&rsquo;s 500 Index.

Facebook rises in public debut after record $16-bn IPO

More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is making little progress.

Jobless claims in US unchanged last week

Eduardo Saverin, the billionaire co-founder of Facebook Inc, renounced his US citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin&rsquo;s stake is four per cent, according to the website Who Owns Facebook. At the high-end of the IPO valuation, that would be worth about $3.84 billion. His holdings aren&rsquo;t listed in Facebook&rsquo;s regulatory filings. Saverin, 30, joins a growing number of people giving up US citizenship, a move that can trim their tax liabilities in that country.

Co-founder Saverin gives up US citizenship 

The US Securities and Exchange Commission is planning to hire an outside investigator to probe complaints about the agency's internal watchdog unit after its top official stepped down amid complaints about his work.

SEC hires outside investigator

The US Department of Justice and the Federal Bureau of Investigation in New York have begun a criminal probe of JPMorgan Chase &amp; Co&rsquo;s $2-billion trading loss, a person familiar with the matter said.

US to start probe of $2-bn JPMorgan loss

Facebook Inc&rsquo;s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company&rsquo;s growth prospects, people with knowledge of the matter said.

Weak demand for Facebook IPO

JPMorgan Chase &amp; Co's trading position that led to a $2-billion loss may call for increased Federal Reserve scrutiny of risk management as the central bank steps up its post-crisis supervision of lenders.

Firm's loss may call for more Fed supervision

JPMorgan Chase &amp; Co, the largest and most profitable US bank, had its credit grade lowered one level by Fitch Ratings, and Standard &amp; Poor&rsquo;s said it may follow after the bank revealed a $2 billion trading loss.

Fitch downgrades JPMorgan's rating 

Facebook Inc raised the price range in its initial public offering, increasing the amount it is seeking in the record sale for an internet company to as much as $12.8 billion.

Facebook increases IPO price range to $34-38 a share

Deutsche Bank AG investors shouldn't sign off on the supervisory board's actions for 2011 at the bank's annual general meeting this month, said Ivox GmbH and Glass Lewis &amp; Co, which advise shareholders on how to vote.

Deutsche Bank investors shouldn't support board, says shareholder advisor

Apple Incmaker of the iPhone and iPad, can pursue efforts to win a sales halt of Samsung Electronics Co (005930)&rsquo;s Galaxy Tab 10.1 tablet computer in the US while a patent-infringement case is pending, a US appeals court ruled.

Apple wins review of tablet patent in Samsung dispute

Yahoo Inc said chief executive officer Scott Thompson is stepping down after failing to correct errors in his credentials and the company is revamping its board, handing a victory to activist investor Daniel Loeb, who had pushed for the overhaul and said the web portal is mismanaged.

Yahoo! CEO departs amid inquiry

JPMorgan Chase &amp; Co said Chief Investment Officer Ina Drew will retire after the firm suffered a $2-billion trading loss, marking the downfall of one of the highest-ranking women on Wall Street.

JPMorgan says CIO Ina Drew to retire, Matt Zames to take over

Assets in bullion-backed funds in India, the biggest gold user, exceeded a record Rs 10,000 crore in April as investors bought the metal for a haven and to diversify away from stocks.

ETF assets top record Rs 10,000 cr in April 

The inability of the US government to reduce record debt and deficits is being rewarded in the bond market.

Treasury demand shows deficits irrelevant with record yields

The Reserve Bank of India was considering selling dollars directly to oil importers to reduce exchange-rate volatility after the rupee fell to a record low yesterday, a central bank official said.

RBI mulls selling dollars directly to refiners

Aviva Plc, the UK&rsquo;s second-biggest insurer by market value, said it might sell underperforming units while it took the rest of this year to find a replacement for ousted chief executive officer Andrew Moss.

Aviva may sell underperforming units hunt for CEO on

Facebook Inc, which is scheduled to begin trading on Friday, was sued by users of its social network in an amended class-action case claiming the company invaded their privacy by tracking internet usage and seeking $15 billion. The lawsuit, filed in federal court in San Jose, California, combines 21 cases filed across the US, according to a statement by Stewarts Law US LLP, one of the firms leading the claim. It accuses Facebook of improperly tracking users even after they logged out of their accounts.

Bloomberg