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By Daniel Indiviglio
U.S. senators who oversee the banking sector slammed regulators on Tuesday for apparent lapses related to JPMorgan’s trading losses. Other Dodd-Frank tweaks that had been moving along are grinding to a halt. Glimmers of hope for clear bank rules look all but squashed for now.

The business of ice hockey has never been so good

By Rob Cox
National Hockey League viewership and attendance has surged, revenue has reached $3.2 bln - even laggardly teams are getting their skates on. But you won’t hear the NHL boasting about it. Once the Stanley Cup is won, expect the gloves to come off between players and team owners.

China diversified dot-coms avoid Facebook pitfalls

By Wei Gu
Fears that the advertising-led model is weak drove down shares in Renren, but other Chinese dot-coms are better positioned. Many have traditionally focused more on gaming, where revenues are still surging. Diversified players like Tencent are more recession proof.

Direct bank recaps won't give Spain quick fix

By Neil Unmack
Putting euro zone cash directly into Spanish lenders, bypassing the state, may seem a magic solution to one of the euro zone’s knottiest problems. But political and technical hurdles first need climbing. Madrid may need a more conventional bailout for its banks.

JPMorgan loss kicks succession race into high gear

By Rob Cox
Wall Street is buzzing about the possibility that the bank’s trading losses will cost CEO Jamie Dimon his job. While highly unlikely, the whale fail’s cleanup has put two potential successors clearly in the running - it’s not yet two ferrets in a sack, but the contest has begun.

Nasdaq howler can't explain Facebook flop for long

By Antony Currie
The exchange is still clearing up after a systems snafu left the social network’s stock trading in the dark after its Friday IPO. Nasdaq’s blunder dinged confidence and the bourse may be on the hook financially. But Facebook’s valuation must soon stand, or fall, on its own.

Long-awaited Yahoo deal heaps pressure on Alibaba

By Wei Gu
The Chinese e-commerce giant wants new investors to fund a $7 billion buyback of shares from Yahoo. Takers may include funds who just cashed in from Facebook’s IPO. But Alibaba’s valuation leaves little room for error. New investors will want growth and, one day, an exit.
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