As early as 2010, the senior banker who has been blamed for the debacle, Ina Drew, began to lose her grip on the bank’s chief investment office, according to current and former traders. She had guided the bank through some of the most rugged moments of the 2008 financial crisis, earning the trust … – …

Much of the attention on Facebook last week focused on founder Mark Zuckerberg and his chief lieutenant, Sheryl Sandberg. Zuckerberg, 28, is already an icon; think Steve Jobs and Bill Gates. And Sandberg, 42, Facebook’s chief operating officer, has become one of Silicon Valley’s most influential … – Bing News

WASHINGTON, May 19 (UPI) — U.S. President Barack Obama said Saturday Congress should fully implement his Wall Street reforms and blamed Republicans for trying to dismantle them. “For the past three and a half years, we’ve been fighting our way back from a historic economic crisis — one caused by … – Bing News

SpaceX’s historic launch to the International Space Station was aborted in the pre-dawn hours at Cape Canaveral, Fla., on Saturday when computers detected a problem with one of the rocket’s nine engines and automatically shut down. Countdown to the launch, which was webcast on NASA TV, hit T-0 at 4 … – Bing News

LONDON — The alarm over potential bank runs in Greece and Spain this week has highlighted an often-overlooked fact: Europe’s debt crisis is also, in many ways, a major banking crisis. In capitals such as Athens, Madrid and Rome, large portions of the sovereign debt racked up by spendthrift … – Bing News

NEW YORK — In the hours before Facebook’s stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company’s 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering. “Right now this all seems like a big deal … – Bing News

Shares of Yahoo (YHOO – News) got a boost on a report that it was close to selling its valuable 40% stake in Chinese Internet group Alibaba back to the company. Yahoo climbed as much as 6.7% Fri. before easing to close at 15.42. Yahoo and Alibaba are close to an agreement that could happen …

If you used PCs back in the 1980s then you’ll probably remember that file management was, well, a little basic. To put it politely. But that all changed in 1985 with the arrival of XTree, a powerful file manager that came packed with functionality: the geeks of the day loved its feature set, speed … …

Boston (Reuters) – Welcome to the club, Jamie Dimon. Embarrassed by a surprise $ 2 billion trading loss last week, the chairman and chief executive of JPMorgan Chase & Co faced heightened criticism at the bank’s annual meeting on Tuesday. That included 40 percent backing from shareholders for a … – Bing News

May 18 (Reuters) – Chipotle Mexican Grill Inc received a subpoena from the U.S. Securities and Exchange Commission as part of an expanding investigation into its alleged hiring of undocumented workers. The Denver-based company fired about 500 employees more than a year ago following audits by the U … – Bing News