Marketplace Morning Report for Wednesday, June 13, 2012

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Episode Description 
The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

DOJ investigates cable companies over online video practices

We've all been there: You get home from work, open up your computer to Netflix, press play and.....nothing. The screen reads buffering. Who do you blame? Your internet provider or Netflix?
Posted In: netflix, Comcast, tv, antitrust

Jamie Dimon apologizes, explains loss before Congress

JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.
Posted In: bank, JPMorgan, Jamie Dimon

JPMorgan CEO Dimon goes before Senate

Chairman and CEO of JPMorgan Jamie Dimon will be grilled on a huge trading loss by the bank's unit in London.
Posted In: JP Morgan, Jamie Dimon, Senate

Verizon Wireless pricing bound to change online habits

Verizon Wireless announced it's scrapping unlimited data plans. The new pricing could force a change in our web surfing.
Posted In: Verizon, data plans

TV drama 'Dallas' relaunches for a new generation

The popular '80s primetime soap gets remade with the all-important ad demographic of 18- to 35-year-olds in mind. The question is no longer "Who shot JR?" but "How long will JR be on screen?"
Posted In: tv, TNT, Dallas, television

New wave of Internet domain names gets unveiled

The organization that assigns Internet addresses releases its list of newly approved web suffixes today, from .doctor to .bank. Many predict the proliferation of these suffixes will touch off a virtual land grab.
Posted In: domain names, Internet

The high price of cheap clothing

Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed."
Posted In: clothing, fashion money retail spending

Saab in talks with Chinese-Japanese auto buyer

Bankrupt Swedish carmaker Saab may have found a buyer. There are reports National Electric Vehicles Sweden, a company backed by investors in Japan and Hong Kong, may close a deal.
Posted In: Saab, GM, auto market

How a CEO prepares for Senate testimony

The CEO of JPMorgan has been summoned to Capitol Hill today. According to his prepared remarks, Dimon will apologize, saying he feels "terrible" about the $2 billion blunder.
Posted In: JPMorgan, banking, Jamie Dimon

Jamie Dimon has an uphill battle in the Senate

The JPMorgan Chase CEO testifies before the Senate Banking Committee today, trying to convince Congress that more bank regulation isn't needed, even after his company's $2 billion trading loss.
Posted In: JPMorgan, Jamie Dimon

PODCAST: Ads to match your mood and what's a dad worth?

The chairman and CEO of JPMorgan, Jamie Dimon, will be grilled on a huge trading loss by the bank's unit in London. Americans spend an average of $1,100 a year on clothes, and a lot of that is spent on cheap and trendy "fast fashion." Elizabeth Cline joins us to talk about the high cost of discount clothing detailed in her new book, "Overdressed." Verizon Wireless announced it's scrapping unlimited data plans which could force a change in our web surfing. And the popular '80s primetime soap, "Dallas," is getting remade with the all-important ad demographic of 18 to 35-year-olds in mind.

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Milky Way
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