Reuters: Regulatory News: PRESS DIGEST - New York Times business news - May 15

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PRESS DIGEST - New York Times business news - May 15 May 15th 2012, 06:57 Tue May 15, 2012 2:57am EDT May 15 (Reuters) - The following were the top stories on the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * In the years leading up to JPMorgan Chase's $2 billion trading loss, an increased appetite for risky trading had the approval of the upper echelons of the bank, including Jamie Dimon, the chief executive, current and former employees said. * Facebook is expected to settle on a new range of $34 to $38 a share, which would value the social network as much as $104 billion. * The latest turmoil could signify a new round of financial instability for Europe and beyond, but could also spark a new phase of bargaining between Greece and its European lenders. * The bankruptcy lawyer Martin J. Bienenstock acknowledged that the guaranteed long-term pay contracts given to partners were at the core of Dewey & LeBoeuf's problems. * Chesapeake's chief executive Aubrey McClendon said asset sale delays would enable the company to bargain for better terms.

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