"Citigroup today announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citi’s unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies."

"The suggestion that news services have an unfair advantage will strike many journalists as absurd. Cargill has huge positions in commodity futures markets and millions of dollars to gain or lose on government data. The sole job of news services is disseminating information, not trading.
Mark Klein, a Cargill spokesman, says the distinction between media and market participant is not so neat. At Cargill divisions such as AgHorizons, which offers farmers grain marketing help and agronomic advice, and Grain and Oilseed Supply Chain, where employees dispense knowledge alongside bids.
“The wire services are in the business of selling information and part of our business is providing information to our farmer customers, so in a sense we’re in the same business,” Mr Klein says. “Everyone should be able to analyse the information at the same time."

"

Facebook was able to raise about 10 BILLION DOLLARS in this IPO. The CFO’s job is not to manage shareholder portfolios. His job is to help Facebook succeed. I don’t know about you, but putting 10 BILLION DOLLARS in the bank in my opinion is one way to help them succeed.

Who’s job is it to help manage the portfolio’s of FB investors ? If an investor doesn’t manage their own portfolio, the brokers who sold them the stock are responsible. It’s their job to read the prospectus if you as an investor are too lazy to do so. It is the job of the broker to help the investor understand the value of the company and make a buying decision. No question that there are a lot of brokers out there that did not do their jobs.

As far as traders who bought the stock hoping for a pop. No one cares about them. Seriously. You trade, you know you are going to lose on trades. That is how things work.

"

"OpenGamma is a LAMP stack for quantitative finance, providing for investment banks what, say, Ruby on Rails does for web app developers. The company is building secure databases that understand highly complex mathematics and market data feeds.
Because OpenGamma’s product is open source, everyone gets access to the same cutting-edge analytics and risk analysis technology."

"In other words, JP Morgan Chase, entirely without any help from the government has lost, in this one set of transactions, five times the amount they claim financial regulation is costing them."