JPMorgan Cuts Dimon's Pay By 50%

Renesas Electronics Corp., the ailing Japanese chipmaker, plans to cut more than 3,000 additional jobs as it prepares to raise at least 150 billion yen ($1.7 billion) from a government-backed fund and customers.
Here Comes a New Wave of Billion-Dollar Hedge Funds
46:33 - The hedge fund industry is seeing the largest influx of startups since 2005, with no fewer than six coming to market this year with at least $1 billion dollars in funds. Bloomberg’s Katherine Burton reports on “In The Loop.” (Source: Bloomberg)
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