Also in this playlist...
This transcript is automatically generated
As her and then -- -- -- say -- who has more business news hi -- a day in their shares -- into line brands are trading higher in the premarket after the industrial products supplier.
Agreed to be acquired by a private equity group led by Goldman Sachs capital partners and 812.
-- offer of 25 dollars fifty cents a share is -- 42%.
Premium to the stock's close on Friday.
JPMorgan CEO Jamie Dimon will be heading back to Washington next month.
To answer more questions about the bank's two billion dollar trading loss sources tell Fox Business at the house financial services committee.
Is preparing to hold another hearing on the loss sometime around June 20 and wants -- there he's also scheduled to attend the June 7 hearing with the senate banking committee.
Bank officials are trying to postpone the senate hearing saying.
-- will have more information from JPMorgan's internal investigation.
If they wait a little longer meanwhile the bank has sold roughly 25 billion dollars.
Of profitable securities in order to soften its second quarter earnings hit.
From that trading loss.
Dive in first announced the sale earlier this month and it helped the bank make about a billion dollars.
Do we and the -- has filed for Chapter Eleven bankruptcy marking one of the largest law firm failures in US history.
The firm made the move last night after failing to find a partner to merge with.
-- -- says negative economic conditions along with its partnership compensation arrangements created a situation where its cash flow just wasn't enough to cover expenses.
Most of do we 300 partners went other firms over concerns about compensation and the firm's debt.
-- -- asked about ninety employees to stay down staff to help with the liquidation which it expects to be completed in the next few months.
Hundreds of thousands of unemployed Americans will reportedly see their jobless benefits run out faster than originally expected.
According to the New York Times an additional 70000.
People will lose -- benefits next month bringing the total number.
People cut off from extended benefits this year to nearly half a million.
That figure doesn't include those who simply exhausted the extra payments while congress to -- new extended benefits in February it also included a plan to reduce the number of weeks.
For the extra aid economists say cuts below -- get employment rate.
But they'll hurt consumer spending day.
Thank you so much -- and I -- instead of work all morning Carl thanks -- accident.
Filter by section