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Britain weighing gasoline price-fixing probe of BP, Shell, Statoil
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 21 (UPI) --
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive.
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LONDON, May 21 (UPI) --
Israel's unmanned aerial vehicle manufacturers are the world's top UAV exporters, garnering $4.62 billion from 2005-12.
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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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