Highlights
A collection of news and information related to J.P. Morgan Chase & Co. published by Tribune Company sources.
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JPMorgan to cut 9,200 jobs in bank takeover
JPMorgan Chase & Co. said Monday it will cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis. Of the 9,200 jobs being eliminated as... -
JPMorgan to cut jobs at Washington Mutual
The Associated PressJPMorgan Chase & Co. said Monday that it would cut 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after the latter became the nation's largest bank to fail amid the ongoing credit crisis. Of the 9,200 jobs being eliminated as JPMorgan...Tags: Lehman Brothers Holdings Incorporated, Seattle, Wachovia Corp., Financially Distressed Companies, Wells Fargo & Co.
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LI BUSINESS: THE WEEK AHEAD
A survey gauges the health of the manufacturing sector, while two homebuilders and a pair of meat producers are expected to report quarterly losses. Manufacturing survey The ISM Manufacturing Index, a survey of purchasing managers, offers a look at...Tags: Toll Brothers Inc, Industrial Production, Federal Reserve, Smithfield Foods, Quarterly or Semiannual Financial Statements
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General Growth Properties gets loan reprieve
AP Real Estate WriterShopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions with...Tags: Government, Loans, Circuit City Stores Incorporated, Property, Foot Locker Incorporated
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IN BRIEF
JPMorgan Chase & Co., which bought the banking operations of Washington Mutual Inc. in September, said on Friday it would retain most of WaMu's branch banking staff, but planned substantial job cuts at its former headquarters and elsewhere. JPMorgan...Tags: Petroleum Industry, Mergers, Acquisitions and Takeovers, Employees, Macy's, Washington Mutual Inc.
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"To Catch the Lightning" by Alan Cheuse
"To Catch the Lightning," an ambitious historical novel by Alan Cheuse, is the story of Edward S. Curtis, a visionary who devoted three decades to a crusade to document in photographs and recordings the lives of every American Indian tribe. The novel is...Tags: Photography, Movies, Family
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Roll continues
Associated PressWall Street finally has something to be thankful for. Economic reports out yesterday were predictably gloomy, but the stock market continued its winning streak. The Dow Jones industrial average rose 247 points, the first time since April 15-18 there were...Tags: Government, Sales, Consumers, Unemployment, Stock Activities
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Buffett's banking bets right on the money
Bloomberg NewsBloomberg News Billionaire Warren Buffett's decision to increase his stake in financial companies, including Wells Fargo & Co. and U.S. Bancorp, and avoid subprime lenders is paying off for Berkshire Hathaway Inc. Berkshire's bank-related investments...Tags: Banking, American Express Company, U.S. Bancorp, Warren Buffett, New York Times
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Holidays not as festive at the office
They're swapping caviar for barbecued chicken, the Four Seasons for the conference room and the deejay for an iTunes playlist.
It may be the season to be jolly, but businesses across the nation are trimming their budgets for their annual holiday party or...Tags: Government, Banking, Public Employees, Verizon Wireless, The Goldman Sachs Group Incorporated
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Data point to sharp downturn
From Tribune news servicesFrom Tribune news services Evidence of a sharp economic downturn mounted Wednesday, with several pieces of fresh data indicating few glimmers of hope. New jobless claims fell more than expected last week from a 16-year high, the government said,...Tags: Unemployment, Economic Indicator, Trade Policy
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Feds rescue Citigroup with $326B plan
L.A. TimesThe federal government rushed to the aid of faltering banking giant Citigroup Inc. late Sunday night, agreeing to invest $20 billion more and accept the lion's share of losses on more than $300 billion worth of the firm's troubled mortgage-backed assets....Tags: Great Depression, Government, Ben Bernanke, CEO Pay, Citigroup Incorporated
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Citigroup shares slide as bank mulls sale, options
Citigroup Inc. shares extended their precipitous slide Friday, after an initial lift from a report that said the banking giant was considering a sale to rebuild investor confidence.
The New York-based bank is scheduled to hold a board meeting Friday to...Tags: Bank of America Corp., Banking, Citigroup Incorporated, New York, Employees
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Nov 27, 2008
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Nov 28, 2008
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Nov 28, 2008
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Nov 27, 2008
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Nov 24, 2008
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Nov 21, 2008
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