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Gasoline tumbles to near lowest since 2011

October 23, 2013 in The Dickinson Press

NEW YORK Benchmark New York gasoline futures tumbled on Wednesday to near their lowest since 2011, offering the prospect of $3 a gallon gasoline to U.S. motorists as refiners churn out a growing surplus of the fuel. Continue Reading

Syria pushes up oil prcies as Wall Street rebounds

August 28, 2013 in The Dickinson Press

NEW YORK – Concerns about a possible U.S.-led military strike on Syria sent oil prices higher on Wednesday and triggered a safe-haven run to gold and the dollar. Continue Reading

Courts take up opposition to Dodd-Frank’s financial oversight

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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GUEBERT: Few markets are totally free

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

Stocks drop after health care law is upheld

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

Dimon faces tougher questions in House on $2B trading loss

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

JPMorgan CEO says execs may have pay taken back

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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Sen. Johnson leads banking hearing on JPMorgan losses

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

Sen. Johnson calls JPMorgan CEO to banking committee

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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Late rally erases steep losses on Wall Street

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