Exclusive: JPMorgan bet against itself in "Whale" trade

By Emily Flitter

NEW YORK (Reuters) - There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

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Amazon shares set record after strong quarterly profit

By Alistair Barr

SAN FRANCISCO (Reuters) - Amazon.com Inc shares hit a record on Tuesday after it reported better-than-expected quarterly profit, fueled by the growth of higher-margin businesses during the fiercely competitive holiday quarter.

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ASIA MARKETS: Asia Stocks Gain, As Smartphone Sales Help Japan

By Sarah Turner, MarketWatch

SYDNEY (MarketWatch) -- Asia stocks mostly gained Wednesday, with Hong Kong and Australian markets hovering around multi-year highs ahead of a policy decision from the U.S. Federal Reserve, while selected Japanese shares benefitted from smartphone exposure.

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UPDATE:SK Hynix Swings to Profit on Chip Demand for Mobile Devices

--SK Hynix swings to fourth-quarter net profit on solid demand for chips used in smartphones and tablet computers

--Analysts say Apple order cuts remain a risk factor for first-quarter earnings

--South Korean chipmakers remain undecided on 2013 investment plans

(Adds comments from SK Hynix and analysts.)

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Asia stocks mostly higher, China lags

Asia markets gain, with Japanese stocks recovering from early weakness on the back of a solid rally in banks, while Chinese shares retreated from recent gains.

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Market Close Report: NASDAQ Composite index closes at 3,154.30 up 4.59 points

Monday's session closes with the NASDAQ Composite Index at 3,154.30. The total shares traded for the NASDAQ was over 1.9 billion.

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UPDATE: Goldman Raises $1 Billion in ICBC Share Sale --Sources

--Goldman raises $1 billion in sale of ICBC shares

--Sale one to two times oversubscribed

--Goldman's stake in ICBC falls below 1%

(Revises first paragraph, adds share price and details throughout)

By Prudence Ho, Yvonne Lee and Fiona Law

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