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Shareholders sue JPMorgan Chase over trading loss 17 May 2012

(Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.
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Fears over risks to Australia’s mining boom       17 May 2012

Michael Evans says sharp falls in commodities prices, concerns about a slowdown in the Chinese economy and predictions of a break-up of the eurozone have sparked fears over risks to the strength of Australia's mining boom.
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Clinton: Debt deal should be top campaign issue     16 May 2012

(CNNMoney) - Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall's elections.
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Cash crunch: lessons for investors and business     16 May 2012

(SMH) Investors too should be aware that when businesses go under, it’s usually not because they’re not making a profit, but because they don’t have enough cash to pay their bills.
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Wall Street down on Euro Zone, China         15 May 2012

(Reuters) Stocks slid on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.
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Budget’s return to surplus contrived by reprofilng   14 May 2012

A closer look at the budget papers reveals just how contrived the budget's return to surplus is. Wayne Swan is hardly the first treasurer to resort to ''reprofiling'' (a word his people invented), but he's the first to use it on such a massive scale.
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High Court to hear class action against ANZ           14 May 2012

(AAP) - The High Court will hear a class action by customers of the ANZ Bank alleging it charged excessive fees for overdrafts, overdrawn accounts, dishonour fees and over-the-limit credit card accounts.
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It was the ideal time to be confused …              13 May 2012

Ian Verrender reports that Charles Dickens was never big on economics but he summed up the collective mood of Australians with his novel A Tale of Two Cities. It begins with the immortal line: ''It was the best of times, it was the worst of times.''
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US consumer sentiment at 4-year high         12 May 2012

(Reuters) - U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans were upbeat about the job market and buying plans improved, a survey showed on Friday, offering an encouraging sign for the economic recovery.
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Centro settlement deal heads to 6000 investors   11 May 2012

Lawyers representing nine parties in the Centro class action have ended their ''kabuki dance'' of negotiations and agreed to put a proposed $200 million settlement to investors to consider, the Federal Court heard yesterday.
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