Marketplace Morning Report for Friday, May 11, 2012
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JPMorgan Chase has made a $2 billion blunder, its CEO Jamie Dimon announced. The loss involves bad bets apparently involving the bank selling insurance contracts against losses on corporate debt. A new study finds that millennials are less likely to be brand loyal. A group of climate activists, including a few teens, is suing the federal government over inaction on climate change. And we look at what it takes -- and costs -- to be a professional ballet dancer.
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Posted In: JPMorgan, Wall Street, Banks
New York bureau chief Heidi Moore discusses why JPMorgan's $2 billion blunder is affecting markets worldwide and how big a $2 billion loss really is.
Posted In: JPMorgan, Jamie Dimon
JPMorgan CEO Jamie Dimon has been known as a crusader against tighter financial regulation. How will the bank's $2 billion loss affect regulatory efforts?
Posted In: Google, search engines
UCLA law professor Eugene Volokh discusses his report, which was commissioned by Google, on the search giant's rights to pick and choose the search results it wants to display.
We look at the JPMorgan Chase debacle that caused a $2 billion loss and explore how it may affect European banks and financial regulation efforts. Plus, meet the trader the losses are being attributed to: the London Whale. A new study says millennials are less likely to be brand loyal. And we look at young activists who are suing the government over climate change and the costs of dancing ballet.
Posted In: branding, brand loyalty, shopping, marketing, Millennial Generation
A new study finds that millennials -- people between the ages 18-34 -- believe it's important to the get lowest price when shopping, which means giving up on brands they're loyal to.