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FERC takes more time on JPMorgan power rehearing request
ReutersMay 9 (Reuters) - U.S. federal energy regulators on Thursday gave themselves more time to consider a request for a rehearing by a unit of JPMorgan Chase & Co Inc on how the bank will comply with a six-month ban on physical power trading at market-based...Tags: Science and Technology, Standards, Prices, Computing and Information Technology Industry
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BRIEF-California sues JPMorgan Chase over alleged debt collection fraud, abuse
ReutersMay 9 (Reuters) - JPMorgan Chase & Co : * California attorney general says sues JPMorgan Chase & Co over alleged fraudulent debt collecton practices * Attorney general kamala harris accuses bank of engaging in widespread, illegal robo-signing, among...Tags: Litigation, Trials
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JPMorgan sued by California over 'illegal' debt collections
Reuters* Accused of fraudulent debt collection against 100,000 customers * JPMorgan ran a "robo-signing" mill - Calif. AG * JPMorgan Chase declines comment By Tim Reid LOS ANGELES, May 9 (Reuters) - California's attorney general sued JPMorgan Chase & Co on...Tags: Crime, Law and Justice, Laws, Kamala D. Harris, Litigation, Trials
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U.S. swaps regulator to meet on trading rules next week
ReutersWASHINGTON (Reuters) - The top U.S. derivatives regulator will discuss next week keenly awaited rules for swaps trading that have the potential to weaken Wall Street's dominant position in the $650 trillion market. The design of so-called Swap...Tags: Economy, Business and Finance, Thomson Corporation, Bank of America Corp., GFI Group Incorporated, Citigroup Incorporated
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California sues JPMorgan over debt collection tactics
In a lawsuit that echoes the worst abuses of the foreclosure crisis, the state's top law enforcement official is suing the nation's largest bank, accusing it of using aggressive and illegal tactics to collect credit card debt from thousands of...
Tags: Economy, Business and Finance, Crime, Law and Justice, Consumers, Laws, Kamala D. Harris
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Illinois considers extending tax break to small businesses
Legislators are considering a bill that would expand the scope of the state's main economic development program to small businesses. House Bill 1336 calls for eliminating a requirement that companies make a capital investment in the state of at least $1...
Tags: Investments, Motorola Mobility, Inc., Business, Executive Branch, Illinois Governor
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Mortgages, Bank of America Corp., Federal Reserve, Goldman Sachs Group, Inc., Financial and Business Services
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EXCLUSIVE-Peregrine Financial scion: My father is dead to me
Reuters* Russ Wasendorf Jr. tries to move past brokerage scandal * Still faces civil suit charging complicity * Launches online marketplace in Florida By Ann Saphir and Tom Polansek SAN FRANCISCO/CHICAGO, May 9 (Reuters) - Russell Wasendorf Jr., whose father...Tags: Orlando, Online Media Industry, Consumer Goods Industries, Litigation, Finance
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My father is dead to me, says son of Peregrine founder
ReutersRussell Wasendorf Jr. has left the futures business and moved to Florida in an attempt to distance himself from his father went to prison for stealing $215 million from clients of the futures brokerage they ran together for almost two decades. “I...Tags: MF Global, Crime, Law and Justice, Online Media Industry, Laws, Criminal Laws
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EBRD host Turkey is investment magnet outpacing emerging market peers
ReutersBy Sujata Rao LONDON, May 9 (Reuters) - In a neighbourhood mired in recession or political turmoil, Turkey is hosting the region's development bank as a dynamic economic leader rather than a needy recipient. Record investment in its stocks and bonds...Tags: Economy, Business and Finance, Thomson Corporation, Egypt, Turkey, Earnings Forecasts
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Quintiles shares rise 11 percent in market debut
Reuters(Reuters) - Shares of drug research company Quintiles Transnational Holdings rose as much as 11 percent in its market debut, valuing the company at as much as $5.73 billion. The Durham, North Carolina-based clinical trials company's initial public...Tags: Morningstar Incorporated, NYSE Euronext, Inc., Initial Public Offerings, Research and Development, Stock Market
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Laid-off workers form co-op to open Chicago window plant
Workers who made news around the world when they staged a sit-in at a Chicago window factory in 2008 have struck out on their own with the help of a nonprofit. "I don't believe it just yet," said Joel Cruz, one of 17 workers who are owners of New Era...
Tags: Economy, Business and Finance, Employment Opportunities, Bank of America Corp., Career and Workplace, Plant Openings
May 9, 2013
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|Story| Chicago Tribune
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