October 8, 2012 in The Daily Republic
WASHINGTON After failing to scuttle the landmark legislation in Congress, critics of the Dodd-Frank Act overhauling financial regulations are trying to chisel away at it in the courts with some initial success.
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July 4, 2012 in The Daily Republic
If there’s no such thing as a free lunch and there isn’t; even the United States Department of Agriculture’s “free” National School Lunch Program cost $10.8 billion in fiscal 2010 then it stands to reason that the free market might not be entirely free either. Continue Reading
June 28, 2012 in The Daily Republic
NEW YORK (AP) Stocks are dropping sharply after the Supreme Court upheld the central provision of President Barack Obama’s health care overhaul, a requirement that almost all Americans carry health insurance. Continue Reading
June 19, 2012 in The Daily Republic
WASHINGTON (AP) JPMorgan Chase CEO Jamie Dimon had a much tougher reception Tuesday when he returned to Capitol Hill for a second round of questions over the bank’s $2 billion trading loss. Continue Reading
June 13, 2012 in The Daily Republic
WASHINGTON (AP) JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company.
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June 13, 2012 in The Daily Republic
SIOUX FALLS (AP) Sen. Tim Johnson is questioning why the largest bank in the U.S. failed to have more risk controls in place, leading to more than $2 billion lost on trades. Continue Reading
May 30, 2012 in The Daily Republic
WASHINGTON Sen. Tim Johnson has scheduled a hearing with JPMorgan Chief Executive Officer Jamie Dimon before the Senate Banking Committee. Johnson, D-S.D., is the chairman of the committee.
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May 23, 2012 in Grand Forks Herald
Stocks are ending the day mixed after a sharp recovery in the last hour of trading. The Dow Jones industrial average closed down seven points Wednesday at 12,496. Continue Reading
May 15, 2012 in Grand Forks Herald
Already expected to be the largest-ever initial public offering for an Internet company, Facebook is making its IPO even bigger. The world’s largest online social network on Tuesday increased the planned price range for its stock to $34 to $38 per share in a filing with the Securities and Exchange Commission. That’s up from its previous range of $28 to $35. At the upper limit of $38, the sale would raise about $12.8 billion. Continue Reading
May 1, 2012 in Grand Forks Herald
The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years. Continue Reading
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