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JPMorgan Chase & Co. CEO Jamie Dimon attends a session at the World Economic Forum (WEF) in Davos January 27, 2011.

Exposure to PIIGS Flu Could Cost JPMorgan $5 Billion: Report

JPMorgan Chase & Co. could lose as much as $5 billion due to its exposure to sickly Portugal, Ireland, Italy, Greece, and Spain, CEO Jamie Dimon said in an interview with Class CNBC, which was carried in the Italian newspaper Milano Finanza on Saturday.
German Chancellor Merkel speaks during news conference after talks with Italian Prime Minister Mario Monti at Chancellery in Berlin

Merkel Broadens Diplomatic Drive for EU March Summit

German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.
Oranges

FDA Bans Orange Juice Imports; Which Brands May Be Harmful?

The Food and Drug Administration announced Wednesday that it would temporarily halt all imports of foreign orange juice because of fears of carbendazim traces found in oranges, especially those from Brazil. The import ban will last until the FDA has finished conducting a thorough investigation of carbendazim levels.
Vienna, Austria

Investor Confidence in Austria Rapidly Deteriorating: Fitch

A day after re-affirming its top sovereign credit rating on Austrian government bonds, a research arm of respected French credit rating agency Fitch has issued a report noting the rapidly deteriorating level of confidence investors in the derivatives market are displaying towards that country's debt.
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NYSE-Deutsche Boerse Merger Hits Another Rock

European Union regulators have preliminarily rejected the proposed $17 billion tie-up of NYSE Euronext (NYX) and Deutsche Boerse (DBOEF), the Wall Street Journal reported, citing a senior European Union official.
Ahmadinejad in Tehran

Iran Enriching Uranium at Underground Site: IAEA

The International Atomic Energy Agency -- the United Nations' atomic watchdog -- said that Iran has started enriching uranium at a fortified underground site in Fordow, near the city of Qom.
Angela Merkel

Merkel Tells Greece to Hasten Debt Deal

German Chancellor Angela Merkel warned Greece on Monday it would not be possible to give further aid without rapid progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
People wait in line for the opening of a government employment office in Madrid

Merkel and Sarkozy Meeting to Seek Growth, Jobs for Eurozone

The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.

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