Two soundbites from CEO Jamie Dimon at today's shareholders meeting
The Justice Department has begun looking into JPMorgan Chase's $2 billion-and-counting loss from a hedge account, The Wall Street Journal reports. It cites "a person familiar with the matter" as its source.
The Journal adds that "the probe is at an early stage and it isn't clear what possible legal violation federal investigators may be focusing on."
With the economic troubles of the past few years, it's no surprise that the number of people using food stamps is soaring. The U.S. Department of Agriculture reports that an average of 44 million people were on food assistance last year; that's up from 17 million in 2000.
What might be surprising, though, is one subgroup that's taken a particularly hard hit.
The desire to adopt has taken some would-be parents around the world. Now, the East African nation of Ethiopia is second only to China when it comes to international adoptions to the U.S. Host Michel Martin speaks with three parents about understanding Ethiopian adoption.
And now, we turn from getting a start in the job market to getting started investing and call us crazy, but we are guessing that, even if you never read the business pages or watch those cable shows where people are talking really fast over a stock ticker, then you still might have heard that the social networking site, Facebook, is offering stock for sale to the public for the first time on Friday. It's called an initial public offering and shares would cost at least $34 apiece.
The school year is winding down, and lots of young people are in the market for a summer job. But finding one in this economy can be hard, especially for teenagers. Host Michel Martin speaks with Labor Secretary Hilda Solis about what the Obama Administration is trying to do to help.
Republican Ron Paul is not shuttering his presidential campaign, his chief strategist says in a memo sent this morning to supporters and the news media.
"Let me be very clear," said Jesse Benton, "Dr. Paul is NOT dropping out or suspending his campaign."
"As Dr. Paul has previously stated, he is in this race all the way to the Republican National Convention in Tampa this August," Benton said. The campaign will, though, be "maximizing our resources" by not investing in remaining primary states, he said.
Already in the spotlight over whether it executed one innocent man — Cameron Todd Willingham — in 2004, the state of Texas now faces questions about whether another man may have been wrongly condemned to death.
If you've got cancer, chances are you'd rather take a pill to fight the cancer cells than sit for hours hooked up to an IV line as the chemotherapy drips slowly into you.
The difficulty is, many of the new cancer pills, which often target cancer cells for destruction but leave healthy cells intact, are pricey, costing tens of thousands of dollars for a course of treatment. And how some insurers pay for treatments means that pills can wind up costing a patient more than chemotherapy given by IV.