JPMorgan Chase reported a 31% rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another 'London Whale' derivatives loss. Microsoft's sweeping ... more 
JPMorgan Chase reported a 31% rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another 'London Whale' derivatives loss. Microsoft's sweeping re-organization creates a company that, more than ever, bears the stamp of Chief Executive Steve Ballmer. Ford Motor Company's European chief Stephen Odell said that the industry production cuts of 1.5 million to 2 million vehicles in Europe that have occurred or are announced still leave output well above demand. less 
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Wochit
Fri, Jul 12, 2013 8:33 AM EDT