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JPMorgan Chase Exec Says She Was Misled About Risks With 'London Whale' Trades

Last year, JPMorgan Chase acknowledged that it lost $6.2 billion in a hedging strategy gone awry. On Friday, current and former bank executives tried to explain how that loss occurred.
NPR

Hedge Fund To Pay More Than $600 Million In Insider Trading Settlement

The Securities and Exchange Commission said it has obtained the largest settlement ever in an insider trading case. Two affiliates of the hedge fund SAC Capital Advisors have agreed to pay $614 million to settle charges of participating in insider trading schemes. The SEC alleged that a portfolio manager at one of the firms obtained confidential details about an Alzheimer's drug trial from a doctor who was presenting final results to the public.
NPR

Boeing: 787 Dreamliners Could Be Back In Service In Weeks, Not Months

For the first time, Boeing has laid out in detail the changes it plans to make in the Dreamliner 787's lithium ion battery. The company now believes the 787s will be back in service in a "matter of weeks."
NPR

Record $614 Million In Penalties Levied As Insider Trading Cases Are Settled

Two hedge funds affiliated with SAC Capital Advisors have agreed to the settlements. They did not admit any wrongdoing.
NPR

Power Shift Under Way As Middle Class Expands In Developing World

The economic expansion of the so-called "Global South" is being driven by new trade and technology partnerships, according to a United Nations report. The UN predicts that over the next two decades, economic and political power will shift away from Europe and North America.
NPR

More Problems Aboard Carnival Cruise Ships

Passengers stranded in St. Maarten aboard the Carnival Dream are to be flown home, while Carnival Legend limps back to Tampa after a "technical issue" in one of its propulsion units.
NPR

Gasoline Pushed Consumer Prices Up Sharply In February

Prices rose overall by 0.7 percent. The major factor: a 9.1 percent surge in gasoline. Since February, though, gas prices have retreated. So economists do not think the latest report changes the inflation picture.

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