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Saab upgrading bid for Brazil FX-2 contest
WASHINGTON, May 17 (UPI) -- A U.S. Senate panel Thursday invited JPMorgan Chase chief Jamie Dimon to testify about the bank's more than $2 billion investment blunder.
The Senate Banking Committee this week announced it would have hearings into the trading losses, concentrating on regulation. U.S. Sen. Tim Johnson, D-S.D., announced the invitation to Dimon following two planned hearings with regulators next Tuesday and June 6, CNNMoney reported.
Dimon announced last week JPMorgan Chase had lost $2 billion in 15 days in a series of bets on credit default swaps in a bid to hedge risks. The company's chief investment officer retired Monday in the wake of the losses and the trader responsible for them was said to be readying his departure.
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WASHINGTON, May 22 (UPI) --
Maintaining a flat level of natural gas production from U.S. shale deposits is an elusive prospect, an energy policy director told U.S. lawmakers.
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HUNTSVILLE, Ala., May 22 (UPI) --
The U.S. Army reports it's Project Office for Armed Scout Helicopters has completed deliveries of 407 Bell Helicopters to Iraq.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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