Why Treasury Needs a Plan B for Mortgages
New York Times - Sat Dec 5, 2:50 pm ETThe Treasury’s mortgage-modification program relies on interest-rate reductions rather than principal cuts, which could cause a problem.
JPMorgan Chase
5510 Stories, most recent news story added Fri Dec 4, 11:53 am ET
News Stories
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Move to Repay Aid Helps Bank of America Shed Stigma
New York Times - Thu Dec 3, 6:21 pm ETThe plan to repay $45 billion in federal aid should help the bank recruit a new chief executive by freeing it from Treasury restrictions on executive pay.
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Alabama County Says JPMorgan Payment Won’t Cover Risk (Update2)
Bloomberg - Thu Dec 3, 5:58 pm ETDec. 3 (Bloomberg) -- Jefferson County, Alabama, which has struggled to avoid the largest U.S. municipal bankruptcy, said a $50 million settlement with JPMorgan Chase & Co.
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Final Glance: Finance companies
AP via Yahoo! Finance - Thu Dec 3, 5:53 pm ETNEW YORK (AP) -- Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.11 or .7 percent, to $15.76. Citigroup fell $.05 or 1.2 percent, to $4.05. JPMorgan Chase fell $.53 or 1.3 percent, to $41.40.
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Treasury gets $146.5M for Capital One warrants
San Francisco Chronicle - Fri Dec 4, 9:25 am ETThe Treasury Department said Friday it received $146.5 million for the warrants of Capital One Financial Corp. in the first auction of the warrants the government received as part of the $700 billion financial system bailout. The auction, conducted by... Government - United States Department of the Treasury - Capital One - Treasury Department - Financial services
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Chevron’s $40 Billion Gorgon Plant Sparks Worker Hunt (Update1)
Bloomberg - Fri Dec 4, 4:31 am ETDec. 4 (Bloomberg) -- Chevron Corp. ’s $40 billion Australian natural gas project will drive a global hunt for construction workers and has prompted calls to ease immigration rules to prevent labor shortages and cost overruns at energy and mining projects fueling the country’s economy.
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Job Creation Near But Likely to Be Painfully Slow
Fox News - Fri Dec 4, 2:01 am ETAnalysts expect the Labor Department will report Friday that employers cut a net total of 130,000 jobs in November, according to a survey by Thomson Reuters.
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Credit Swaps Industry to Meet on Japan Corporate Debt Talks
Bloomberg - Fri Dec 4, 1:30 am ETDec. 4 (Bloomberg) -- Credit-default swaps traders in Tokyo will meet next week to discuss whether private corporate debt restructuring talks, which roiled contracts protecting against a default by Aiful Corp.
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Midday Glance: Finance companies
AP via Yahoo! Finance - Thu Dec 3, 1:28 pm ETNEW YORK (AP) -- Shares of some top finance companies are mixed at noon: Bank of America rose $.41 or 2.6 percent, to $16.06. Citigroup fell $.01 or .2 percent, to $4.09. JPMorgan Chase rose $.20 or .5 percent, to $42.13.
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John Paulson Returns to Earth
BusinessWeek - Thu Dec 3, 11:22 pm ETAfter his storied killing betting against subprime, the hedge fund hero is eking out so-so returns
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Bank of America to repay $45B in TARP bailout money
USA Today - Thu Dec 3, 11:48 am ETBank of America said it will repay the $45 billion in bailout money it received, signaling the improved health of the nation's largest bank.
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Wirehouses Still Dominating HNW Space
Financial Planning.com - Fri Dec 4, 11:53 am ETDespite the painful headlines, government bailouts and predictions of a flood of advisors going independent, wirehouses have retained both advisors and high-net-worth assets and will continue to dominate this space, according to a new report by Cerulli Associates.
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In Secret Meetings, Comcast Wooed G.E. and Won NBC
New York Times - Thu Dec 3, 10:50 am ETCode names and helicopters helped keep Comcast’s efforts to buy NBC from G.E. quiet.
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Early Glance: Finance companies
AP via Yahoo! Finance - Thu Dec 3, 10:35 am ETNEW YORK (AP) -- Shares of some top finance companies are up at 10 a.m.: Bank of America rose $.62 or 4.0 percent, to $16.27. Citigroup rose $.06 or 1.5 percent, to $4.16. JPMorgan Chase rose $.95 or 2.3 percent, to $42.88.
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JPMorgan Chase prospers despite economic turmoil
Charleston Daily Mail - Thu Dec 3, 12:31 am ETJPMorgan Chase is not waiting for economists to decide if the recession has ended."Our business is prospering and growing in West Virginia and, as a result, we are hiring," said Mark Prince, managing director and West Virginia chief executive off...
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Tag: JEFFREY IMMELT
New York Times - Thu Dec 3, 10:11 am ETAfter nearly eight months of negotiations, Comcast , the nation’s largest cable operator, finally reached an agreement on Thursday to acquire the television network, NBC Universal , from the General Electric Company in a $30 billion deal.
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