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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 […]
Filed under: Small Business, business by Finance Boss
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Billionaire Warren Buffett loves to showcase his company’s products at the annual meeting with a 200,000-square-foot exhibit hall filled with displays where Berkshire Hathaway companies like Dairy Queen and Clayton Homes sell items.
Buffett said Saturday he was feeling good despite disclosing last month that he had been diagnosed with prostate cancer.
Buffett employed the newspaper tossing […]
Filed under: Small Business, term by Finance Boss
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There are far more jobless people in the United States than you might think.
While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.
As a result, the labor […]
Filed under: Small Business, legal by Finance Boss
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Erik Nielsen, chief economist at UniCredit (), defended France’s honor in a note to clients, saying the financial press is being misleading about the nation’s debts.
Nielsen, in a note sent Wednesday, rebuts claims that a victory by socialist candidate Francois Hollande, the front-runner in the race to the Elysee Palace, would lead to financial […]
Filed under: Small Business, money by Finance Boss
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Morgan Stanley reported better-than-expected quarterly results Thursday helped by a steep run up in its stock and bond trading activity.
Excluding certain accounting changes, trading revenue increased in the first quarter to $4.14 billion, up 18% from a year earlier, and double from the fourth quarter. Those gains came even as stock trading volume slowed […]
Filed under: News, Small Business by Finance Boss
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The pace of growth in manufacturing picked up last month, but construction spending saw its largest drop in seven months in February, pointing to an economy that is healing gradually.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.4 from 52.4 in February, topping economists’ expectations of 53.0.
It […]
Filed under: Small Business, homeowners by Finance Boss
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Euro-area governments agreed to cap overall rescue lending at 800 billion euros ($1.1 trillion), rejecting calls for even bigger defenses against the debt crisis, Austrian Finance Minister Maria Fekter said.
Some 300 billion euros in already pledged loans will go along with 500 billion euros in the planned permanent rescue fund to build the backstop, […]
Filed under: Small Business, homeowners by Finance Boss
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U.S. local-government payrolls increased last month for the first time since August, easing the drag on the economy brought on by budget-cutting cities, counties and school districts.
The U.S. Labor Department reported today that local- government employment, adjusted for seasonal swings in hiring, expanded by 2,000 in February as school districts boosted hiring. State payrolls […]
Filed under: Small Business, term by Finance Boss
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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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