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Had the IPO been priced more closely to the $75 per sharewhere it traded on the first day, eToys would have raisedhundreds of millions of dollars more than it did, the creditorsargued. Starved of capital, the company filed for bankruptcywhen it was unable to build the warehouses needed to meetgrowing customer demand.
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Itâ?s not easy to square the hurricane hostess and philanthropist with the caricatures of Masters widely available online. The buzz about alleged manipulation of silver prices got so loud last year that Masters addressed it during an April 2012 interview on CNBC. She said JPMorgan trades exclusively for clients. â?We have no stake in whether prices rise or decline,â? she said, denying misconduct of any kind. â?Thatâ?s not part of our business model,â? she said. â?It would be wrong, and we donâ?t do it.â?
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While Dimon tried to resolve the legal and regulatory issues revolving around the London Whale trading losses with one big and sweeping settlement, he was unable to get the Commodity Futures Trading Commission on board and the CFTC continues to investigate issues related to the trading of derivatives underlying the London Whale fiasco. In addition, federal prosecutors in Manhattan continue to investigate the London Whale losses.
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PMQs was rowdy today – extremely rowdy. The Speaker, John Bercow, gave MPs a ticking off for creating a "wall of noise" and one Labour MP even said it was the "noisiest PMQs I've ever known".
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After the meeting got under way, though, Chevedden began quizzing Hobson on Katzenberg's payas the CEO twisted in his chair nearby. Chevedden also spoke in favor of a proposal that woulddiminish the voting power of shares for company insiders. "Without a voice, shareholders cannothold management accountable," he read from a script. The measure failed to pass.