Today's 4 Top Headlines — The Modern Businessman

Time was a bit tight today, so here are four more headlines in one post. Back to your regularly scheduled programming tomorrow.

The JPMorgan deal with the Department of Justice is at risk of collapsing. The primary source of contention over the deal is the bank’s insistence on being reimbursed by the FDIC for the liabilities linked to WAMU. The DOJ is saying that isn’t an option. The DOJ is also balking about JPMorgan’s desire to get protection from any future legal probes beyond what it is currently involved in.

LinkedIn beats estimates, but drops future guidance. Shares of the professional social network dropped 4.4% after posting EPS of $0.39 and revenue of $393M, but delivering revenue guidance of $415M-$420M below the $438M consensus.

BlackBerry met with Facebook to discuss a possible bid. The meeting occurred last week and details are still unclear. It is unknown to this point if Facebook has expressed an interest in BlackBerry, which recently made an agreement with Fairfax Financial holdings to go private. Fairfax has been rumored to have trouble securing the necessary capital for the deal, so BlackBerry has continued to explore other options. Shares of BlackBerry were up as a result of the talks with Facebook.

Yelp announced earnings today and they weren’t pretty. The company integrates social and mobile technology to provide the location and reviews for businesses. Shares are down nearly 9% in after hours trading after the company announced it lost $2.3M ($.04/share) on revenue of $61.2M. These numbers are all worse than a year ago, partially attributed to an increase in sales and marketing spending, which grew to $34.1M from $21.3M.