Banking regulators are telling JPMorgan Chase that it must take action to improve its risk analysis and money-laundering controls. The bank racked up a $6 billion trading loss last year. CEO Jamie Dimon cited managerial lapses and called the loss inexcusable.
Having success in TV, movies and Broadway, Trey Parker and Matt Stone are now branching out with their own $300 million production company. They've named it Important Studios, and it's poised to approve TV, movie and theater projects.
At a White House news conference Monday, President Obama compared lawmakers who refuse to raise the debt limit to deadbeat diners who gorge themselves at a pricey restaurant, then try to skip out without paying the bill. Congressional Republicans quickly rejected the president's argument. They hope to use the debt ceiling fight to put the government on a spending diet.
General Motors unveiled the new 2014 Chevy Corvette at the Detroit Auto Show, reviving the long-dormant Stingray name. But with sales of the current Corvette struggling, the company's challenge is to find new customers both now and in 10 years.
Thousands of Minnesota soldiers deployed in Kuwait woke up to a surprise last spring. Just weeks before the end of their tour, a group of corporate recruiters showed up on base. The visit was part of a new strategy to help returning service members find jobs after they've hung up their uniforms.
According to the Financial Times, Goldman Sachs is looking at waiting until the top British tax rate falls by 5 percent in April before paying out bonuses. In December, Goldman paid $65 million in bonuses to its top American-based executives before the tax rate rose for high income earners, as part of the Fiscal Cliff deal.
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