Highlights
A collection of news and information related to J.P. Morgan Chase & Co. published by Tribune Company sources.
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Neal Wolkoff to lead new CME challenger ELX
Neal Wolkoff has been named chief executive of ELX Electronic Liquidity Exchange, an electronic futures exchange formed by 12 financial institutions, including Citadel Investment Group and JPMorgan Chase & Co. ELX is a yet-to-be-launched platform...Tags: Corporate Officers, Management Change, New York Mercantile Exchange, New Products, Electronics
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CEO McNerney says strike hurts Boeing reputation
Associated Press WriterA Machinists union strike has hurt The Boeing Co.'s reputation and threatens the nation's aerospace industry with a fate similar to that of automakers in Detroit, Chief Executive W. James McNerney said Monday. In a memorandum to all Boeing employees,...Tags: Labor Markets, Boeing Co., Labor Disputes, Employees, Unions
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Goldman Sachs' survival in Wall Street jungle
Special to The TimesWHAT IS a disaster for America's Wall Street (actually 50th and Park) and London's City (actually Canary Wharf) and deep trouble for the economy of jobs, factories and stores has a (very small) silver lining for Charles D. Ellis and his publisher: "The...Tags: Banking, Business Institutions, Credit and Debt, Debt Market, Stocks
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Individual taxpayer benefits of bailout few
Did we get bailed out? We shall see. Congress finally put together a $700 billion plan to buy toxic assets from financial institutions Friday, but analysts are skeptical about whether, as a result, Americans will be able to count on keeping their jobs...Tags: Government, National Government, Money and Monetary Policy, Stocks, The Goldman Sachs Group Incorporated
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Wells Fargo gets favorable federal court ruling as it battles Citigroup to take over Wachovia
AP Business WriterNEW YORK (AP) _ The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruling that had favored rival bidder Citigroup. At stake is the $339 billion in Wachovia deposits and its...Tags: Government, Employees, Trials, North Carolina, Halliburton Company
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Auto buyers all revved up with no place to borrow
The Wall Street JournalThe era of easy auto loans has come skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car loans and leases are drying up as dealers, auto-finance companies and other lenders are having trouble...Tags: August, Sales, Chrysler LLC, Business Institutions, Ford Motor Co.
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Bankers want their way on credit cards
Special to The Morning CallYou have to love the banking industry. As our friends in the financial sector were passing the hat among taxpayers last week for $700 billion in bailouts to cover their lousy mortgage investments, they simultaneously were condemning the House of...Tags: Parliament, Laws, Banking, Washington Mutual Inc., Federal Reserve
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FAMILY FINANCE: Savings are safe in a credit union
Bfamfin@aol.comMy husband and I are retired. We have our savings in a federal credit union, and I am not sure if it is as safe as an FDIC account at a bank. The credit union states that it is federally insured, but I'm still not convinced that our savings are safe....Tags: Personal Finance, Mortgages, Money and Monetary Policy, Retirement, Melville
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Sweeteners Lard The Bailout Pot
If I were in Congress, I'd hold out. Every representative who voted no on the bailout got something totally sweet in the bill that passed the Senate. Jim Ramstad, R-Minn., changed his mind once he got the health insurance for mental illness he has been...Tags: $700 Billion Bank Bailout, Brad Sherman, Banking, Ben Bernanke, Government
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Current crunch puts squeeze on plastic
Consumers are not just having a tougher time getting auto loans and mortgages. The credit crunch and weak economy also are taking a toll on credit cards. Maybe you have noticed that you're getting fewer offers for credit cards in the mail these days....Tags: Banking, Government, National Government, Credit and Debt, Consumers
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AIG Considering Sale Of Life, Annuities Units
AIG, the largest U.S. insurer, is seeking to sell its U.S. life insurance and annuities units, people familiar with the situation said. AIG hired JPMorgan Chase & Co. to find buyers, said three people, all of whom declined to be identified. France's Axa...Tags: Axa SA, ING Groep NV
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AIG to sell off business units but retain US property and casualty
AP Business WritersCHARLOTTE, N.C. (AP) _ The insurer American International Group Inc. said Friday it plans to sell off a number of business units to pay off its massive government loan. The announcement was expected by Wall Street. But it now leaves investors wondering...Tags: Sales, Credit Ratings, Aegon NV, Insurance, North Carolina
Oct 7, 2008
|Story| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Los Angeles Times
Oct 6, 2008
|Column| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
Oct 6, 2008
|Story| Associated Press
Oct 5, 2008
|Story| Allentown Morning Call
Oct 5, 2008
|Column| Newsday
Oct 5, 2008
|Story| Hartford Courant
Oct 5, 2008
|Column| Baltimore Sun
Oct 3, 2008
|Story| Hartford Courant
Oct 4, 2008
|Story| Associated Press
