Streams

Jim Zarroli

Jim Zarroli appears in the following:

JPMorgan's Been Hacked, But Answers — And Fraud — Are Hard To Find

Thursday, August 28, 2014

Hackers successfully infiltrated the computer systems of JPMorgan Chase and at least four other banks recently. The FBI is investigating what's being called a sophisticated cyberattack, but bank officials have not yet found any evidence of fraud.

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BK's Big Deal Could Bring The King To Canada, Controversy Close Behind

Tuesday, August 26, 2014

Burger King is buying Tim Hortons, the Canadian coffee-and-donut chain, in a deal valued at $11 billion.

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Burger King Announces Merger With Tim Hortons, Move To Canada

Tuesday, August 26, 2014

As part of the $11 billion deal, Burger King will transfer its headquarters to Ontario and cut its tax bill considerably.

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To Make A Move North, Burger King Eyes Buying A Canadian Icon

Monday, August 25, 2014

The fast-food restaurant operator Burger King has announced that it's in talks to buy Tim Horton's, a Canadian chain of restaurants. The acquisition would likely herald the move of Burger King's headquarters to Canada, in an attempted tax inversion.

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Argentina Crisis Puts Focus On Role Of Distressed-Debt Funds

Friday, August 22, 2014

Argentina calls them vulture funds, but those hedge funds have a legal right to demand payment. Still, is that moral when a nation is the debtor and its citizens will suffer as a result?

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Bank Of America Settles With Feds And States For Record Amount

Thursday, August 21, 2014

In the latest fallout from misdeeds leading up to the financial crisis, Bank of America has agreed to a record $16.65 billion deal with federal and state governments. The deal helps the bank avoid prosecution for the fraudulent sale of toxic mortgage-backed securities to investors.

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Bank Of America Settles Mortgage Case For $16.65 Billion

Thursday, August 21, 2014

The bank agreed to pay a record amount to the U.S. government to avoid prosecution for its fraudulent sale of toxic mortgage-backed securities to investors in the lead-up to the financial crisis.

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Once-Thriving Heart Of The Eurozone Stagnates

Thursday, August 14, 2014

The eurozone economy slowed to a crawl in the second quarter of 2014, according to reports released Thursday. The German economy actually contracted, and France stayed flat.

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Amazon Blocks Pre-Orders Of Some Disney Movies

Monday, August 11, 2014

Amazon is taking on another big media company, Disney. The action comes at a time when the retailer's contract dispute with the Hachette Book group is heating up.

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White House Seeks Ways To Go It Alone In Keeping Companies Stateside

Thursday, August 07, 2014

The Obama administration is exploring ways to prevent U.S. businesses from relocating abroad to save money on taxes. Treasury Secretary Jack Lew indicated that Congress would need to act, but now the administration says it is looking for ways to act on its own.

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Feds Criticize Big Banks' Plans To Avoid Next Fiscal Crisis

Wednesday, August 06, 2014

Regulators are not happy with the "living wills" big banks were supposed to come up with. The wills are more like bankruptcy plans detailing how a bank could be closed without disrupting the economy.

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Obama Touts Improved Climate For U.S. Businesses

Tuesday, August 05, 2014

In an interview with The Economist, President Obama said no matter how you look at it, the U.S. economy is better off than when he took office, and that most U.S. businesses have done well.

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Sanctions Target Russian Oil, But Will That Persuade Putin?

Saturday, August 02, 2014

Under new sanctions imposed this week, Russia will no longer be able to buy technology from Western companies to develop its oil fields. Still, the sanctions are limited, and Russia has vast reserves.

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Argentina Is In Default. What Does That Actually Mean?

Thursday, July 31, 2014

Talks between Argentina and holdout bondholders collapsed Wednesday. With no additional talks scheduled, it appears Argentina has defaulted for the second time in about 12 years.

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Late Rally From Argentina Fails To Delay Default

Wednesday, July 30, 2014

Earlier in the day it looked like a resolution was possible, but ultimately talks between the country and a group of creditors broke down in New York. The first time the country defaulted was in 2002.

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International Court Rules Against Russia In $50 Billion Decision

Monday, July 28, 2014

Russia says it will appeal an unfavorable decision by a court in The Hague. The Permanent Court of Arbitration awarded $50 billion to shareholders of the defunct Yukos oil company.

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Locked In U.S. Hedge Fund Battle, Argentina Faces Default

Monday, July 28, 2014

Argentina says it cannot pay certain debts and will fall into default by July 31 if it can't come to an agreement with creditors. This would be Argentina's second default in 13 years.

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How High Debt From The Housing Collapse Still Stifles Our Economy

Thursday, July 24, 2014

Seven years after the subprime mortgage crisis, the U.S. economy has not yet fully recovered. Now two economists have come up with new evidence about what's holding the economy back.

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Treasury Secretary Calls For Corporate Tax Code Overhaul

Thursday, July 17, 2014

Treasury Secretary Jack Lew is asking U.S. companies to show their patriotism by resisting the temptation to reduce their tax bill by moving abroad. He was interviewed by CNBC on Wednesday.

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Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct

Monday, July 14, 2014

Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners.

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