BusinessLatest Business and Company Updates
‘London Whale’ loss balloons to $US5.8 billion
"This has shaken our company to the core," CEO Jamie Dimon said. The bank said managers tied to the bad trade had been dismissed without severance pay and that it planned to revoke two years' worth of pay from each of those executives. JPMorgan said it had lost $US4.4 billion because of
Region
Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals
By Toby Sterling | AMSTERDAM AMSTERDAM Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22
IMF members set aside trade split as French vote rattles nerves | Reuters
By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism
U.S. closing Tesla death probe, won't seek recall: source
By David Shepardson | WASHINGTON WASHINGTON U.S. regulators are expected on Thursday to close a six-month-old investigation into the death of
