Topic: JPMorgan Chase & Co.
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Data theft: Top 5 most expensive data breaches
Data theft is off to a troubling start this year, with two massive breaches occurring in March and April. Hackers' success in grabbing millions of records at Epsilon and Sony are just the latest example of increasingly sophisticated attempts to steal sensitive personal information. Here's a list of the five most expensive data theft cases in the United States:
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To celebrate Washington's birthday: 5 best books about George Washington
If you're an American, you know that George Washington was "the Father of Our Country." But how many of us really know what that means? As we celebrate his 279th birthday, here are five outstanding books that help to bring George Washington and his accomplishments to light.
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Photos of the Day: 1014
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Sell in May and go away: Stocks close dismal month
With a disappointing finish on Thursday, the stock market closed what was by some measures its worst month in two years. The Dow closed down 26 points on Thursday to end the month at 12393.
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As fears about Europe's future worsen, the Dow closes down
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
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BlackBerry-maker RIM warns of layoffs, operating loss
RIM also hires advisers to look at strategies to reverse its downturn. RIM has seen its share of US smartphone market fall from 44 percent to 10 percent in two years.
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Robert Reich
Obama and Cory Booker: Fairness is essential to growth
Fairness isn’t inconsistent with growth; it’s essential to it. The only way the economy can grow and create more jobs is if prosperity is more widely shared.
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The Daily Reckoning
Facebook IPO: The end of an era
The failure of Facebook's public debut may signal the end of the pie-in-the-sky tech start up, as well as the possibility that the post-crisis recovery rally is screeching to a halt.
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HP jump boosts Dow; stocks mixed
Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.
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Robert Reich
Obama should attack what Bain and JPMorgan have in common
Rather than lobbing generalized attacks at Mitt Romney and American business, Obama should attack a particular kind of capitalism that Romney and JPMorgan both practice: using other peoples’ money to make big bets which, if they go wrong, can wreak havoc on the economy.
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Despite ancestry controversy, Elizabeth Warren tied with Sen. Scott Brown
The US Senate race in Massachusetts is among the closest in the battle over Senate control after the November elections. In a new poll, Elizabeth Warren has 47 percent of the vote and Scott Brown 48 percent.
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Stocks climb, breaking losing streak
Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
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Chamber of Commerce president: don't overreact to JPMorgan losses
US Chamber of Commerce president Thomas Donohue, at a Monitor breakfast Monday, advised a wait-and-see approach after JPMorgan's $2 billion in trading losses.
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The Reformed Broker
Explaining the bumpy stock market
US stocks are being pushed lower by factors like uncertainly in Europe, and pulled higher by better jobs data and good news on the housing market. It can be hard to see from a day to day perspective.
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Robert Reich
Obama's disappointing response to JPMorgan Chase
Even if he didn't want to criticize Jamie Dimon, the president could have used the occasion of JPMorgan Chase's $2 billion trading loss to come out squarely in favor of tougher financial regulation. He didn't.
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Facebook shareholders selling more shares
Facebook stockholder and hedge fund Tiger Global has decided to sell more than 23 million shares, up from 3.4 million a day earlier. Other big sellers of Facebook shares include Goldman Sachs, a Russian billionaire, and two Facebook insiders.
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Key Republican lawmaker questions JP Morgan loss
The chairperson of the House Financial Services subcommittee, Shelley Moore Capito, discussed the loss during hearings.
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JPMorgan Chase trading fiasco: What to do about big banks?
JPMorgan's loss of $2 billion shows that the forces that unleashed the recession remain partially untamed – and that Congress is still struggling to get a handle on the solution.
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Decoder Wire
Obama on 'The View': Were hosts too easy on him? (+video)
The format of 'The View' may allow a skilled politician a lot of control over the message. President Obama skirted around some questions about gay marriage and financial-markets reform.
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Stocks fall; Dow continues two-week slide
The Dow lost 63 points to close at 12632 Tuesday as Europe's latest political impasse cast a gloom over financial markets.
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JP Morgan chief apologizes for $2 billion loss
Jamie Dimon, the CEO of the bank, told shareholders that the loss should have never happened.
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Tax VOX
JPMorgan and the London Whale: Should we tax securities investments?
Ever since the U.S. financial crash of 2008 and the beginnings of the pending Euro-zone financial collapse, governments have been debating whether securities transactions should be subject to a new tax. Such a levy would discourage bad behavior in the financial markets, but it could have dire unintended consequences.
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JPMorgan Chase's Dimon survives pay, chairmanship votes (+video)
JPMorgan Chase shareholders voted Tuesday at the bank's annual meeting to keep CEO Jamie Dimon in his role as chairman of the board, in addition to his pay package.
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JP Morgan loss: Did US regulators know what CEO Jamie Dimon apparently didn't? (+video)
Federal regulators embedded at JP Morgan are supposed to get the reports that CEO Jamie Dimon gets. But in the case of JP Morgan's $2 billion loss, that might not have been much help.
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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.
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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.'
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Obama "vampire" ads target Romney on economy (+video)
The President's re-election campaign is making a full-court press including TV ads, web video and media appearances.
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Obama says gay marriage 'right thing to do' (+video)
He appeared in front of a gay and lesbian leadership group at a fundraiser, in addition to appearances on "The View" and at Barnard College.
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