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JPMorgan ignored suspicions about Madoff: lawsuit

JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.
Bernard Madoff walks back to his apartment in New York

Top JPMorgan execs were warned about Madoff: trustee

JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.
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Gold shows unexpected strength with sudden jump up

Gold rose over 1 percent in choppy trade on Thursday, with a sudden jump by over $20 per ounce within minutes as large buy orders were apparently triggered in the future markets. This comes unexpected to precious metals experts, as the gold price was supposed to be kept low by the usual large Wall Street players during todays speech by Bernanke, and was set to rally on Friday, when unexpectedly bad labor market numbers will come in and drive gold prices higher.
Chicago: 23.4%

Big dig-out follows widespread U.S. winter storm

Cities and towns across the United States started to dig out on Thursday from a winter storm that stretched for thousands of miles, with many areas still grappling with treacherous travel conditions.
The Supreme Court in Washington

Senate panel backs patent overhaul bill

A bill to reduce the likelihood of massive damage awards in patent disputes took a step forward on Thursday with approval by the Senate Judiciary Committee.
A police officer watches pro-life and pro-choice supporters demonstrating in Washington

New York City’s abortion rate double the national average

About two out of every five (41 percent) pregnancies in New York are aborted – more than double the national rate (19 percent). This news comes as an increasing number of state legislatures are seeking measures to restrict abortions.
Affordable Care Act

Pay gap widening between male, female doctors

Newly trained female doctors in the United States make nearly $17,000 less than their male counterparts, even though women increasingly are choosing careers in higher-paying medical specialties, U.S. researchers
Job seekers visit employment center in San Francisco- file photo

Jobless claims tumble, productivity rises

New U.S. claims for unemployment benefits fell sharply last week while nonfarm productivity in the fourth quarter was stronger than expected, confirmation the economic recovery was strengthening.
The Daily

Rupert Murdoch's anti-web stand: The Daily

The iPad-only digital newspaper from News Corp., The Daily, touted to usher in the age of subscription-based revenue model on the web space, has been launched by Rupert Murdoch and Apple Vice President of Internet Services Eddy Cue at a press event at New York's Guggenheim Museum.

U.S. presses China to honor trade promises

U.S. Commerce Secretary Gary Locke on Wednesday criticized China for failing to honor promises to open its market and said the United States would be pressing Beijing for better results in 2011.
Chicago: 23.4%

Massive winter storm punches U.S. Midwest, Northeast

A huge winter storm pummelled the United States on Wednesday, bringing parts of the Midwest to a standstill, delivering a wintry blow to the Northeast, and disrupting businesses, flights and other transport.

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