Highlights
A collection of news and information related to J.P. Morgan Chase & Co. published by Tribune Company sources.
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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: Bankruptcy, Deutsche Bank AG, Circuit City Stores Incorporated, Foot Locker Incorporated, National Government
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JPMorgan cutting 9,200 jobs at Washington Mutual
Associated PressNEW YORK -- JPMorgan Chase & Co. said today that it would 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...Tags: Financially Distressed Companies, Bankruptcy, Wachovia Corp., Lehman Brothers Holdings Incorporated, Employees
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Manufacturing index drops to 26-year low as exports fall due to global slowdown
AP Economics WriterWASHINGTON (AP) _ A gauge of U.S. manufacturing activity that fell to a 26-year low Monday followed similarly weak readings in Europe and China, fueling fears of a deepening global downturn. The Institute for Supply Management's index of manufacturing...Tags: World War II, Sales, Earnings Forecasts, La-Z-Boy Incorporated, Wachovia Corp.
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JPMorgan Chase cutting 9,200 jobs at recently acquired Washington Mutual by end of 2009
AP Business WriterNEW YORK (AP) _ 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...Tags: Financially Distressed Companies, Bankruptcy, Wachovia Corp., Lehman Brothers Holdings Incorporated, Employees
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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: Federal Reserve, Smithfield Foods, Quarterly or Semiannual Financial Statements, Real Estate Buyers, Industrial Production
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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: Consumers, Sales, Investments, Economic Indicator, Tiffany & Company
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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: Family, Photography
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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: Mergers, Acquisitions and Takeovers, Employees, Washington Mutual Inc., Macy's, Petroleum Industry
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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: Berkshire Hathaway Incorporated, Banking, Warren Buffett, Bears Stearns Cos., U.S. Bancorp
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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: Verizon Wireless, Challenger, Gray & Christmas Inc., Restaurants, National Government, Dining and Drinking
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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: Economic Indicator, Unemployment, Trade Policy
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Plan to bail out Citigroup unveiled
The Associated PressRushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster badly shaken...Tags: Henry Paulson, Ben Bernanke, U.S. Department of Treasury, Freddie Mac, Citigroup Incorporated
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Los Angeles Times
Dec 1, 2008
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Dec 1, 2008
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Dec 1, 2008
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Nov 27, 2008
|Story| Baltimore Sun
Nov 29, 2008
|Story| Chicago Tribune
Nov 29, 2008
|Story| Newsday
Nov 28, 2008
|Story| Chicago Tribune
Nov 28, 2008
|Story| Los Angeles Times
Nov 27, 2008
|Story| Chicago Tribune
Nov 24, 2008
|Story| Associated Press

