Marketplace for Monday, August 19, 2013
JPMorgan Chase is facing six federal investigations or lawsuits, making it in line to unseat Bank of America as the bank with the most legal problems. Plus, Merck has pulled, at least temporarily, a supplement widely used to bulk up cattle at feedlots. The supplement became popular as the cost of feed rose and now eliminating this and similar supplements would shrink the country’s meat supply and possibly raise prices. Finally, the upheaval in Egypt is terrible for the Egyptian economy. Businesses can’t operate and foreign companies are running in the other direction.