Ex-JPMorgan Exec: Oversight Was Undermined
A former top executive for JPMorgan Chase is blaming last year’s $6.2 billion trading loss on other executives at the firm, saying they failed to control risk out of the London office and hampered her abilities to prevent the losses.
USDA Will Not Issue Some Reports Due To Federal Budget Cuts
The U.S. Department of Agriculture’s statistical arm said it won’t issue some agricultural reports this year because of automatic federal budget cuts, alarming some in the dairy industry who fear the information void could wreak havoc with milk prices.
Michelle Obama Urges CEOs To Hire More Veterans
Michelle Obama challenged America’s top CEOs on Wednesday to “think outside the box” and hire more veterans.
Study: US Drone Industry To Create More Than 100,000 Jobs
A new trade group study finds that the drone industry is expected to create more than 100,000 new jobs.
Fish McBites Fail To Spark McDonald’s Sales
McDonald’s new Fish McBites failed to hook enough diners to get the fast-food chain’s U.S. sales growing in February.
Ex-CEO Greenberg: Don’t Blame Me For AIG Failure
Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don’t blame me.
Subway ‘Crisis’: Is Footlong Sub Really 11 Inches?
What’s in an inch? Apparently, enough missing meat, cheese and tomatoes to cause an uproar.
Children Urge President Obama to Change Gun Control Laws
Three days after six teachers and 20 students were killed by a rampaging gunman at their elementary school in Newtown, Conn., an 8-year-old from Maryland pulled out a sheet of paper and wrote to President Barack Obama asking for ‘some changes in the laws with guns.’
Lawmakers Release Documents On Wal-Mart Bribery
Wal-Mart Stores Inc.’s CEO Mike Duke found out in 2005 that the retailer’s Mexico unit was handing out bribes to local officials, according to emails obtained by lawmakers.
Wendy’s Secretly Testing a ‘Pretzel Burger’
In its latest push to establish itself as a purveyor of premium burgers, Wendy’s is apparently testing a pretzel bun — although they won’t confirm it. The burger was spotted in Miami and others have posted pictures on the social media site Twitter.
