The business networks have been in overdrive after JP Morgan revealed a $2 billion loss at a London trading unit yesterday. During a live special report last night on Fox Business, Charlie Gasparino reported he talked to CEO Jamie Dimon after the news broke. “I find him to be refreshingly frank, and that’s essentially what he was,” Gasparino said of the conversation.
The US Treasury announces its third sale of AIG shares after its bailout, Facebook’s IPO roadshow kicks off, and the housing foreclosure crisis is pushing rent prices up. Clifton joins Clint Greenleaf, CEO of Greenleaf Book Group, and Monica Crowley, radio talk show host and Fox News contributor to discuss. Marjorie Clifton is founder of SpiketheWaterCooler.com and principal of Clifton Consulting.
New Jersey Governor Chris Christie says that if Warren Buffett thinks he should pay more taxes, he should just write a check.
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For New York City’s Fashion Week, Glamour Magazine and cosmetic companies have created an app that lets you shop from your taxi.
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The Tesla Model X is an electric crossover SUV that boasts sports car acceleration and ‘falcon-winged’ doors.
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Investors yawn at Yahoo board shake-up and Sprint is still losing money. But Buffalo Wild Wings is surging on strong earnings.
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Themajor US equity indices closed mixed Friday as US gross domestic product in the fourth quarter 2011 proved to be the strongest of the year with the economy extended at a 2.8% annualized pace. In corporate news, Ford (NYSE:F) reported Q4 EPS of $0.20, well below estimates of $0.25. The company reported Q4 revenues of $34.6 billion, beating estimates of $33.51 billion. While Procter & Gamble (NYSE:PG) reported Q2 EPS of $1.10, topping consensus estimates of $1.08. Revenues in the quarter came in at $22.14 billion vs.
Philadelphia locals volunteer their time to earn Equal Dollars, an alternative currency that can be spent on food and medicine.
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Good Afternoon, I’m Alison Kero and you’re watching Smartrend News. Today is Friday, December 16th and this is your Market Close Wrap up. The major US equity indices closed mixed Friday as stocks struggled this week, finishing down 3% and Euro zone nations were downgraded by a ratings firm. Fitch reassessed its outlook on the Euro zone today and downgraded it from stable to negative.