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Dimon Says JPMorgan CEO Missed Red Flags

JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
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Workers tow a fin whale up a ramp to a processing plant at the Hvalfjordur whaling station, about 70 km north of Reykjavik

Bruno Michel Iksil: White Whale, or Jonah?

Following Thursday's financial earthquake at JPMorgan Chase & Co., fingers are pointing to Bruno Michel Iksil, who recently boasted that he could walk on water -- suggesting the French trader's ego is as outsized as the nemesis in Melville's novel from which his nickname the White Whale originates. Whether or not Iksil's reputation will go from fearsome whale to Jonah after he's blamed for the storm and tossed overboard is not yet known.
Ai in Tate

Chinese Dissident Ai Weiwei's Sunflower Seeds Pull In $782,000

An auction of Chinese dissident artist Ai Weiwei's porcelain sunflower seeds at Sotheby's in New York on Wednesday has fetched almost $800,000 - but it's unclear how much of the money will find its way to the hundreds of Chinese workers who made them.
John Travolta

John Travolta Massage Scandal Gets Weirder: 5 Things To Know About Plaintiff Lawyer Okorie Okorocha

The story around the highly publicized sexual assault lawsuits filed against John Travolta by two masseurs continues to raise eyebrows. Earlier this week two unnamed men filed lawsuits against the actor claiming that he sexually assaulted them during a massage. Yet TMZ released proofthat the actor has was in New York on January 16th when the first incident allegedly took place in Beverly Hills.
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Resume Embellishment? Yahoo?s CEO Not Alone

Rather than deal with business, directors of Yahoo (Nasdaq: YHOO), the No. 3 search engine, have been busy all week in the ?resume embellishment? scandal that forced one director to quit and put the CEO under a cloud.
Mitt Romney Gets Another Big Endorsement: Paul Ryan

US House GOP Votes To Cut Food Stamps Over Military Spending

In a vote that solidifies the Republican Party's economic platform heading into the 2012 election, the House voted on Thursday to reverse mandated cuts to the Pentagon by slashing social assistance programs that largely benefit poor Americans.

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