Regulators fault JPMorgan risk controls after $2B loss
U S Comptroller Thomas Curry told a Senate panel JPMorgan Chase used inadequate risk management in its investment division. Regulators vow extensive review while lawmakers press for accountability. CEO Jamie Dimon called the loss a black mark and regulators assess Volcker Rule impact.
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Google to unveil improvements to maps in San Francisco
Google plans to show new upgrades to its Maps at a San Francisco event billed as the next dimension for the service. The presentation will be led by Brian McClendon as the company faces a possible replacement of Google Maps on Apple's iPhone and iPad.
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Fed official warns may need more action if economy weakens
Dennis Lockhart of the Atlanta Fed says the economy's halting recovery could require further monetary steps if job growth and conditions deteriorate. He notes May and April hiring slumps and says additional support may be considered, though he did not specify measures. Investors hope bond purchases will continue to push down long term rates.
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Amiss Wheat Prices Across Months and Percentages
A fragmented OCR record shows wheat price figures in cents per bushel across several months with varied percentages. The data lists values like 61494 628% and 631% through 719% with dates such as Sep and May, indicating fluctuating market figures rather than a cohesive narrative.
France to cut retirement age for some workers
France's socialist government proposed lowering the retirement age from 62 to 60 for certain workers including those who start work early or mothers who have three or more children. The decree would affect about one in six retirees and take effect in November after cabinet approval.
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France
North America
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Nicolas Sarkozy
Francois Hollande
Sarkozy
Hollande
CGT
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