Marketplace for Tuesday, October 2, 2012
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They say the apple doesn't fall far from the tree -- but that's for the judge to decide, now that JP Morgan Chase is being sued for Bear Stearns' bad behavior. We chat with New York Attorney General Eric Schneiderman for a breakdown on the lawsuit the state's filed against Chase. Meanwhile, Nissan is revving up its Datsun brand in emerging countries like Indonesia and India. The cars are $3,000 a pop and among the cheapest in the world -- but is it true that you get what you pay for? Plus, we go wild with the founders of Banana Republic and ask what it really means to be energy independent.
Posted In: JP Morgan Chase, Bear Stearns, lawsuit
As part of a state-federal investigation, the Attorney General of New York is suing JP Morgan over big losses from mortgage-back securities. The bonds originated with Bear Stearns, which JP Morgan bought in 2008.
Posted In: Banana Republic, clothes
Despite its preppy image, Banana Republic began as a purveyor of modified military surplus and safari wear. The company's founders, Mel and Patricia Ziegler, had no business experience, but turned a small shop into a big brand.
Posted In: Internet, movies, IAC, Barry Diller
IAC/InterActiveCorp CEO Barry Diller discusses his new publishing venture, risk taking and why he's against big media corporations.
Posted In: energy, Oil, big oil
The U.S. can become less dependent on foreign oil, but it's still a part of the global oil market --and that means no insulation from oil price shocks.