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J.P. Morgan Halts Stock Repurchase Plans

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  • Description

    FBN’s Robert Gray breaks down the stories moving the markets early in the trading day.

  • Duration 0:56
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I'm Robert -- with your Fox Business -- JPMorgan Chase is suspending its stock repurchase plans chief executive Jamie Dimon says the bank will continue paying a dividend.

Despite the recent two billion dollar trading loss.

The banking giant was on track to buy back fifteen billion dollars worth of shares -- the end of the first quarter of next year.

Textbook publisher Houghton Mifflin -- has filed for Chapter Eleven the Boston based company reached a deal what most of its creditors.

-- cut roughly three billion dollars of debt.

According to a court -- the publisher of one billion dollars but assets and liabilities.

The company more than twenty affiliates have filed for bankruptcy protection.

A bullish on on Wall Street today S stocks rebound from the worst week of the year right now the Dow moving higher to the tune of 86 points green arrows across the board.

That is the latest from Fox Business giving you the power to prosper.

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