David Greene talks to financial writer William Cohan about Jamie Dimon, the CEO of JP Morgan Chase. Before he was an award-winning journalist, Cohan was a banker at JPMorgan. The Justice Department is looking into the bank's risky trades which resulted in at least a $2 billion loss.
Hewlett-Packard reportedly has decided on a restructuring that will eliminate 30,000 jobs worldwide. The company isn't expected to say anything publically until next week when it announces quarterly earnings.
If all goes well, an unmanned capsule will become the first commercial spacecraft to visit the International Space Station. SpaceX and NASA have been working together to make this launch happen, navigating cultural differences between the young startup and the veteran agency.
Facebook has priced its much-hyped stock at $38 a share in advance of its initial public offering Friday. It is expected to be one of the largest IPOs in history and the company is expected to raise as much $18 billion.
Facebook hopes to raise more than $100 billion in its initial public stock offering. In a piece at Slate.com, tech columnist Farhad Manjoo warns that Facebook users can expect to see changes, including lots more ads. But he warns the company must balance profit seeking with the desires of users.
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