Tweet SEOUL, South Korea (AP) — Less than two weeks after being punished with new U.N. sanctions, North Korea has sent its ceremonial head of state and two top economic officials to Singapore and Indonesia on a trip that appears aimed at drumming up outside investment…. Read more here: Can Singapore serve as economic model for NKorea?  Read More →

Tweet BERLIN (AP) — The head of Germany’s central bank is warning that there would be no basis for further financial aid to Greece if the country backs off agreements with international creditors…. More here: Bundesbank chief warns Greece on rescue deal  Read More →

Tweet WASHINGTON (AP) — JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk…. Go here to see the original: After JPMorgan loss, a call for stricter oversight  Read More →

Tweet NEW YORK/LONDON (Reuters) – JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for the banking industry. See the rest here: JPMorgan $2 billion loss hits shares,... 

Tweet (Reuters) – Huawei’s head of research and development in North America said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience — and time. Visit link: Huawei gearing up to take on Cisco on its home turf  Read More →

Tweet (Reuters) – Chesapeake Energy Corp said it had received a $3 billion loan from Goldman Sachs and Jeffries Group that will give it breathing room to sell assets and close a funding gap this year. Go here to read the rest: Chesapeake wins breathing space with $3 billion loan  Read More →

Tweet DALLAS (AP) — American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection…. See the original post here: American Airlines agrees to study merger idea  Read More →

Tweet WASHINGTON (AP) — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk…. Read the original here: Calls to toughen regulation follow JPMorgan loss  Read More →

Tweet NEW YORK (AP) — In business, you’re only as good as your last good deed…. Read this article: Again? Wal-Mart’s rep takes another beating  Read More →

Tweet NEW YORK (AP) — How can a bank lose $2 billion in six weeks?… Continue reading here: Q&A on surprise $2B trading loss at JPMorgan  Read More →