JPMorgan Chase Halts Arbitration Activity
Fox News - Fri Nov 20, 6:15 pm ETJPMorgan Chase has agreed to remove arbitration clauses from credit-card contracts.
JPMorgan Chase
5613 Stories, most recent news story added Fri Nov 20, 9:08 pm ET
News Stories
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JPMorgan Chase drops controversial arbitration clause from credit card contracts
Minneapolis-St. Paul Star Tribune - Fri Nov 20, 4:51 pm ETBOSTON - JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.
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JPMorgan Chase Drops Card Arbitration Clauses In Settlement
Nasdaq - Fri Nov 20, 3:48 pm ETJPMorgan Chase & Co. (JPM) agreed to drop arbitration clauses from its credit- card agreements as it reached a tentative settlement of a suit that accused the bank and other lenders of unlawfully conspiring to require cardholders to resolve disputes out of court.
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Chase drops arbitration from card contracts
USA Today - Fri Nov 20, 4:26 pm ETJPMorgan Chase & Co. is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration.
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Cadbury Bid Under Study at Hershey
International Herald Tribune - Fri Nov 20, 9:08 pm ETAny Hershey offer would need to be at least $17 billion and would break from the financial conservatism that has long defined the American chocolate giant.
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Hershey Considers a Counterbid for Cadbury
International Herald Tribune - Fri Nov 20, 8:23 pm ETHershey is considering bidding for Cadbury, a proposal that would top the $16.7 billion hostile bid from Kraft, people briefed on the matter told DealBook on Friday.
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Charter Lenders Want Judge to Block Bankruptcy Exit (Update1)
Bloomberg - Fri Nov 20, 7:41 pm ETNov. 20 (Bloomberg) -- Charter Communications Inc. ’s lenders, led by JPMorgan Chase & Co. , want to block the cable company from leaving Chapter 11 bankruptcy while they appeal approval of its turnaround plan.
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Report: Hershey may launch bid for Cadbury
AP via Yahoo! News - Fri Nov 20, 6:19 pm ETHershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.
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Final Glance: Finance companies
AP via Yahoo! Finance - Fri Nov 20, 5:50 pm ETNEW YORK (AP) -- Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.01 or .1 percent, to $16.09. Citigroup fell $.06 or 1.4 percent, to $4.20. JPMorgan Chase fell $.09 or .2 percent, to $42.46.
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JPMorgan Pulls Arbitration Clause From Card Contracts (Update3)
Bloomberg - Fri Nov 20, 5:45 pm ETNov. 20 (Bloomberg) -- JPMorgan Chase & Co. ’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit.
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Business Highlights
AP via Yahoo! News - Fri Nov 20, 5:43 pm ETMore states add jobs, but many for temporary staff
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Bernanke Saved Your Company
Forbes - Fri Nov 20, 4:49 pm ETStop giving the Fed chairman such a hard time; he prevented more bankruptcies than we'll ever know.
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Lan Rises Most in 10 Weeks on JPMorgan’s ‘Overweight’ (Update2)
Bloomberg - Fri Nov 20, 4:34 pm ETNov. 20 (Bloomberg) -- Lan Airlines SA rose the most in 10 weeks in Santiago trading after JPMorgan Chase & Co. began coverage with an “overweight” rating on earnings prospects.
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Buffett Borrows for Rail Acquisition
Zacks.com via Yahoo! Finance - Fri Nov 20, 3:13 pm ETThe $8 billion loan that will be provided by JPMorgan Chase and Wells Fargo is intended to be paid back in three years' time.
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JPMorgan Pulls Arbitration Clause From Card Contracts (Update2)
Bloomberg - Fri Nov 20, 2:41 pm ETNov. 20 (Bloomberg) -- JPMorgan Chase & Co. , the biggest credit-card lender, will remove a clause in its contracts that required disputes to be sent to arbitration as part of a tentative settlement of a federal antitrust lawsuit.
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JPMorgan Pulls Arbitration Clause From Card Contracts (Update1)
Bloomberg - Fri Nov 20, 2:23 pm ETNov. 20 (Bloomberg) -- JPMorgan Chase & Co. , the biggest credit-card lender, will remove a clause in its contracts that required disputes to be sent to arbitration, a procedure that lawmakers said favored companies over consumers.
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