May 17th, 2012
Even as he apologized for a $2 billion trading loss, shareholders approved JPMorgan Chase CEO Jamie Dimon’s $23 million pay package Tuesday at the bank’s annual meeting.
The meeting comes just days after the bank disclosed the massive trading loss, an event that led to the departure of its chief investment officer and forced its […]
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Filed under: Small Business, business by Finance Boss
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March 27th, 2012
The Bank of England said investors remain concerned about the euro-area outlook even after measures by policy makers helped reduced some tensions in markets.
Filed under: business, debt by Finance Boss
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March 25th, 2012
Hong Kong picks its new chief executive tomorrow, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.
A 1,193-member committee of billionaires, including Hong Kong
Filed under: banks, business by Finance Boss
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March 22nd, 2012
Everyone has a tax plan. President Obama has one. So do Mitt Romney, Rick Santorum, Ron Paul and Newt Gingrich.
And on Tuesday, House Republicans added yet another proposal to the mix.
The plan, designed by Reps. Dave Camp and Paul Ryan, mostly builds on their budget from last year, but it joins an already crowded […]
Filed under: business, online by Finance Boss
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February 25th, 2012
When AT&T started slowing down the data service for his iPhone, Matt Spaccarelli, an unemployed truck driver and student, took the country’s largest telecommunications company to small claims court. And won.
His award: $850.
Pro-tem Judge Russell Nadel found in favor of Spaccarelli in Ventura Superior Court in Simi Valley on Friday, saying it wasn’t fair for […]
Filed under: Small Business, business by Finance Boss
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February 23rd, 2012
Consumer confidence in the U.S. increased last week to the highest level since April 2008 as more Americans had a favorable view of their finances.
The Bloomberg Consumer Comfort (COMFCOMF) Index rose to minus 38.4 in the period ended Feb. 19, its fifth consecutive gain, from minus 39.8 the previous week. It marked the second […]
Filed under: banks, business by Finance Boss
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February 19th, 2012
Federal prosecutors said Friday that they received a series of threating, bigoted and obscene voicemail messages from one of two suspects in an insider trading case, and he should be kept behind bars.
John Kinnucan, of Portland, appeared in federal court in the Oregon city after he was arrested Thursday on conspiracy and securities fraud charges.
He […]
Filed under: business, management by Finance Boss
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February 9th, 2012
Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn’t get an immediate reward for their savings strategy. Fidelity Investments, the nation’s biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
The year-end average for participants in Fidelity Investments plans was $69,100, […]
Filed under: business, mortgage by Finance Boss
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February 2nd, 2012
Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy.
People outside the Fed have
Filed under: business, online by Finance Boss
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January 27th, 2012
Ben S. Bernanke achieved one of his primary goals as Federal Reserve chairman yesterday by setting a numeric goal for inflation, advancing his legacy of greater transparency at the world
Filed under: business, technology by Finance Boss
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