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JPMorgan Chase & Co. weathered the 2008 financial crisis without reporting a loss. But a failed hedging strategy that recently cost the company $2 billion has called into question the ability of its leaders to manage risk and intensified the debate on banking reform.

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All that bad press about working conditions at Apple-affiliated factories apparently hasn't caused the computer giant any significant economic harm; in fact, the company, bolstered by booming sales of its shiny new iPad, is planning to spread the wealth among shareholders this summer.

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Facebook's rise to cyber-domination amounts to the biggest online success story of the 21st century thus far, and on Wednesday the social networking behemoth took it up another notch by filing for what could be the most massive Internet initial public offering ever.

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U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama's jobs speech and doubt over Greece's ability to address its financial problems.

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Well, you may have to wait awhile, unless you're among Goldman Sachs' circle of elite customers who were given the investment opportunity Sunday night -- an indication of other possible big moves that Goldman and Facebook might make down the line.

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AIG plans to start paying back the taxpayers some of the $182 billion it borrowed, but the plan involves trading the government's preferred shares in the company for common stock, a move that ought to raise at least one eyebrow.

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Those of us who have stood aghast and watched as Goldman Sachs seemed to sail almost unscathed through the erupting economic catastrophe of the last two years (thank you, bailout!) might stop now for a moment of pure schadenfreude, as the megabank's profits took a precipitous dive in the second quarter of this year.

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