Business

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JPMorgan Chase shareholders to confront CEO Dimon

The nation's largest bank holds its annual meeting Tuesday in Tampa, Florida, where it's expected that some shareholders will ask Jamie Dimon to divest himself of one of his twin roles.
Economist Mom
How to make the Bush tax cuts work

The expiring Bush tax cuts would be worth more than $2.8 trillion over 10 years Instead of complaining about the size of the cuts and not doing anything constructive about it, policymakers ought to commit to using that size in a positive way.
Latest News Wires
Facebook IPO: Half of Americans say Facebook is a fad (+video)

Facebook IPO or not, a new poll shows skepticism. Could 900 million users worldwide be wrong? Half of those polled say the Facebook IPO price is too high.
Saving Money
What is arbitration? You sign away rights. Is that OK?

Cellphone and credit card applications typically contain an arbitration clause that keeps you from suing the phone carrier or bank if a dispute arises. Often, the bank gets to pick the arbitrator. The federal government is looking to see if arbitration clauses give companies too much power.
Philippines feels the economic cost of standing up to China

The South China Sea dispute between China and the Philippines is beginning to take its toll on the Philippine economy, which is heavily dependent on Chinese demand for its exports.
The Simple Dollar
Student loans: How automatic repay can help

Signing up for automatic payments on student loans can reduce the chances of messing up something important for young people who are relatively inexperienced with managing their finances. What's more, it can actually reduce the amount you have to pay back on student loans over the long haul. 
Ina Drew retiring after JPMorgan losses. Will she get $14.7 million?

Ina Drew, at the center of JPMorgan's stunning loss, was among its highest-paid executives. Proxy statement says Ina Drew would be entitled to nearly $14.7 million if she met 'full-career eligibility.'
Chesapeake Energy: Carl Icahn as investor? Sure!

Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.
Oil prices remain below $95 a barrel

Oil prices in Asia are near a five-month low. Concerns that Greek election chaos could undermine confidence in Europe are behind sagging oil prices.
Yahoo CEO’s exit: debacle for company, and a warning for resume padders

Scott Thompson was hired as Yahoo CEO – the embattled company's fourth in five years – for his record as an executive, not the degrees on his resume. But the fabrication was costly.
Politics
JP Morgan losses send Wall Street back to Capitol Hill (+video)

Congressional critics plan hearings to probe how America's largest bank posted $2 billion in trading losses – and whether new financial regulations, still being implemented, go far enough to rein in Wall Street abuses
The Reformed Broker
College savings or retirement fund: where to invest?

Between a college fund and retirement savings, which takes top priority? If it's in the form of a Roth IRA, retirement saving is the way to go.
Stocks, euro tumble over Greek deadlock

A political stalemate in Greece rattled financial markets worldwide on Monday, driving US stocks lower. The Dow dropped 125 points to close at 12695. The index has lost half of its gains for the year over the past two weeks.
The Entrepreneurial Mind
Making your new business noticeable

While starting a new venture is one of the most important and exciting things you’ve ever done, to the market your product is just one more in an already overcrowded sea. You need a strategy to ensure that your new small business is more than just another distraction to be ignored.
The Circle Bastiat
Offshore bank accounts: no Americans allowed

Wealth management firms the world over are declining to open offshore accounts for Americans.
Stefan Karlsson
Should Greece ditch the euro?

Some think that Greece and other weak euro area countries would benefit from ditching the euro and introducing devalued national currencies. Are they right?
How Mormons – like Romney – cultivate business savvy early on

Shouldering responsibility from childhood – conducting meetings, raising money, and giving talks for adult crowds – Mormon boys learn skills that can them succeed in business. Some Mormons, like Mitt Romney, go on to have extraordinary business success.
Green Economics
California rail project: Who should pay?

California's high speed rail project will likely cost $100 billion to build and operate. But who should pay: California taxpayers or the federal government?
Yahoo revolving door: Another CEO shuffle (+video)

Yahoo ousted CEO Thompson for inaccurate data on his bio, its fourth CEO in five years. Yahoo interim CEO Levinsohn must now try to build the struggling Internet company.
Facebook IPO could target higher price

Facebook IPO has far more buyers than stock, which could mean a revised Facebook IPO filing this week.