Finance
-
Management shake-up at JPMorganJul 27, 2012 1:26 pm - NEW YORK — JPMorgan Chase, which is reeling from the fallout of a big trading loss at one of its divisions, announced a broad reshuffling of its top management on Friday...
-
NY guilty plea scheduled for head of Oregon firmJul 25, 2012 6:49 am - NEW YORK — A person familiar with a criminal securities fraud case against the head of an Oregon investment research firm says he’s expected to plead guilty on Wednesday...
-
ECB survey shows demand for loans remains weakJul 25, 2012 6:41 am - FRANKFURT, Germany — Demand for loans from business and consumers remains weak in Europe in the face of the continent’s debt crisis, a closely watched European Central B...
-
Bernanke says childhood education is ‘key’ to economic growthJul 24, 2012 10:41 am - Federal Reserve Chairman Ben S. Bernanke said early childhood education is “crucial” and that effective schooling supports the economy by reducing poverty, boosting wage...
-
Moody’s may downgrade Penn State’s credit ratingJul 24, 2012 10:15 am - NEW YORK — Moody’s Investors Service said it may cut its rating on Penn State’s credit as the university deals with the fallout from the Jerry Sandusky child sexual-abus...
-
Barnes & Noble CEO get $8.4M compensation increaseJul 24, 2012 10:15 am - NEW YORK — The CEO of bookstore chain Barnes & Noble’s compensation skyrocketed to $10 million from just $1.6 million last year, due to a hefty stock option grant, as th...
-
UPS cuts year forecast on weakness overseasJul 24, 2012 10:15 am - NEW YORK — UPS sees a tough road ahead for the global economy. The world’s largest package delivery company is more pessimistic about global growth than many economists....
-
CCU donates $3,000 to People Lending Assistance NetworkJul 23, 2012 11:07 am - Consumers Credit Union recently donated $3,000 in support of People Lending Assistance Network, 1892 Nicole Ave. in Round Lake Beach. PLAN, a not-for-profit organization...
-
BofA withdraws 9% of atms from malls, gas stations to cut costsJul 23, 2012 6:38 am - Bank of America Corp., the lender targeting $8 billion in expense cuts, reduced its automated teller network almost 9 percent this year by yanking most of the devices de...
-
Home builders’ confidence higher, but still down from peaksJul 22, 2012 7:11 am - Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a...