All past and present partners could lose pensions, and recent partners will probably lose investments in the firm and could be forced to return salaries as the firm closes.

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Dewey Partners and Retirees Face Huge Financial Losses

Shares in JPMorgan Chase, the biggest US bank, dive 9% after it reveals a surprise trading loss of $2bn (£1.2bn) on complex investments.

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JPMorgan shares plunge on loss

JPMorgan Chase, the biggest US bank, reveals a surprise trading loss of $2bn (£1.2bn) on complex investments made by its traders.

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JPMorgan reveals shock $2bn loss

JPMorgan Chase said in a regulatory filing that its chief investment office had suffered “significant” paper losses in a portfolio of credit investments.

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DealBook: JPMorgan Discloses $2 Billion in Trading Losses

If federal employees are forced to contribute more toward their civil service retirement benefits, many might have to cut back on their investments in the Thrift Savings Plan, employee organization officials said Monday. Read full article > >

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Thrift Savings Plan: Groups ask about retirement benefits changes

If federal employees are forced to contribute more toward their civil service retirement benefits, many might have to cut back on their investments in the Thrift Savings Plan, employee organization officials said Monday. Read full article > >

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Thrift Savings Plan: Groups ask about retirement benefits changes

Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama . Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms. Read full article > >

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Federal funds flow to clean-energy firms with Obama administration ties

Amid distrust of motives in growing global investments.

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Leaders Debate China’s Role in Economic Recovery

The new year has arrived, and so investors are inundated with all manner of lists: Best and worst stocks for 2012, forecasts of where the economy is going, favorite investments for the year and more. What’s an investor to do? You should start by ignoring those lists. Let’s conduct a little experiment to demonstrate why: Do a quick Google search for “where to invest in 2011.” I read through the first dozen or so. For the most part, the performance was pretty awful. Before the excuse-making starts — 2011 was an unusual year, the ECB/Fed intervened, etc. — let me clue you in to this fact: Forecasters are pretty awful every year. Read full article > >

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Investing in 2012: Get ahead of forecaster folly

To get a sense of how vulnerable the U.S. economy could be if the euro currency union cracks apart, start with the volume of U.S. exports to the euro zone — $153 billion in the first six months of the year. Add several hundred billion dollars in investments by U.S. banks in the euro zone and several trillion dollars’ worth of other financial contracts between the two economies. Read full article > >

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Tremors from a euro collapse would be global, with U.S. recession likely

A host of investments are being launched targeting the world’s fastest growing economies – the so-called Civets.

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Rise of the fast-growing Civets

As the company struggled to contain a scandal over payments made to cover losses on investments on Wednesday, its stock fell 20 percent in early trading.

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At Olympus, Scandal and Rising Calls for a Purge

TOKYO — Olympus hid at least two decades of losses by paying inflated fees to advisers, the company’s president said, in the first admission of wrongdoing during a four-week boardroom scandal. Company shares have lost more than 70 percent of their value since ousted CEO Michael Woodford first raised questions about a series of suspicious transactions that took place between 2006 and 2008. But Tuesday, amid a third-party investigation, Olympus ended its defense of those deals. President Shuichi Takayama said unusually high takeover fees were used to cover up huge losses on security investments from the 1990s. Read full article > >

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Olympus admits to cover-up on decades of losses

Shares in Olympus plunge 30% after it admits to using funds form past acquisitions to hide losses on securities investments.

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Olympus admits to hiding losses

NEW YORK — Goldman Sachs Group Inc. reported a third-quarter loss of $428 million Tuesday, only the second quarterly loss since the investment bank went public 12 years ago. Revenue from underwriting stocks and bonds plunged as businesses, unnerved by political wrangling in Washington and volatile markets, held off on new stock and bond offerings. Goldman also lost nearly $3 billion on investments in stocks, bonds and a stake in a Chinese bank. Read full article > >

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Rough markets slam Goldman Sachs; firm loses $428 million in third quarter