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6:52 pm
Fri May 11, 2012

What Caused JPMorgan's Loss Of $2 Billion?

Originally published on Fri May 11, 2012 7:35 pm

Audie Cornish speaks with Gregory Zuckerman about one of the men behind JPMorgan Chase's $2 billion loss. He's a special writer for The Wall Street Journal and author of The Greatest Trade Ever.

The Two-Way
6:21 pm
Fri May 11, 2012

A Helpful Reminder: This Sunday Is Mother's Day

Originally published on Fri May 11, 2012 6:23 pm

Call your mom. Buy her a present. Give her a big hug and kiss. (And don't forget the mother of your children.)

To all our mom readers, Happy Mother's Day!

We'll leave you with a link to a great piece from Bloomberg, which takes us back to the somber beginnings of the holiday. Bloomberg writes in part:

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Mitt Romney
6:16 pm
Fri May 11, 2012

Romney Shifts Gears On Auto Industry Bailout

Republican presidential candidate Mitt Romney arrives for a town hall-style meeting at Stamco Industries, a truck parts supplier, in Euclid, Ohio, on Monday.
Jae C. Hong AP

Originally published on Fri May 11, 2012 6:52 pm

Mitt Romney is from Michigan, a state he has said he hopes to win in November. But the likely Republican presidential nominee has very publicly opposed the government bailout of the auto industry.

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The Two-Way
5:50 pm
Fri May 11, 2012

William Balfour Found Guilty In Murder Of Jennifer Hudson's Family

William Balfour.
HO AFP/Getty Images

Originally published on Fri May 11, 2012 5:56 pm

A jury has found William Balfour guilty of killing three members of Grammy-award winning singer Jennifer Hudson's family.

Balfour, Hudson's ex-brother in law, was found guilty on all three counts of first-degree murder for the 2008 shooting deaths of Hudson's mother, brother and 7-year-old nephew. The Chicago Sun-Times adds that he was also convicted of "home invasion, aggravated kidnapping, residential burglary and possession of a stolen motor vehicle."

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Sports
5:14 pm
Fri May 11, 2012

Red Sox Slump Threatens Home Sellout Streak

Boston Red Sox left fielder Cody Ross looks down during a seven-run third inning against the Baltimore Orioles at Fenway Park on May 5. The Red Sox trail their division, losing 11 of their last 12 home games.
Jim Rogash Getty Images

Originally published on Fri May 11, 2012 6:52 pm

It was supposed to be a banner season at Fenway Park — the ballpark's 100th anniversary. But the Boston Red Sox are stuck in the basement of their division, having lost 11 of their last 12 home games.

It's putting Major League Baseball's record sellout streak in jeopardy. Ever since 2003, the Sox have sold out Fenway Park for every game — 727 consecutive games.

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Election 2012
5:14 pm
Fri May 11, 2012

For Evangelicals, Romney Is The Lesser Of Two Evils

Experts say that in order to win this year's election, presumptive Republican presidential nominee Mitt Romney will not just have to satisfy evangelicals — he will have to thrill them.
Charles Krupa AP

Originally published on Fri May 11, 2012 6:52 pm

On Saturday, presumptive Republican presidential nominee Mitt Romney will deliver the commencement address at Liberty University, the nation's largest evangelical university. The speech will be attended by nearly 35,000 people, and it will give him a chance to win over a huge constituency that, up until recently, has been lukewarm about his campaign.

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Business
5:14 pm
Fri May 11, 2012

Big Losing Bet Tarnishes Wall Street Titan JPMorgan

JPMorgan Chase Chief Executive Officer Jamie Dimon cited "many errors, sloppiness and bad judgment" in announcing a $2 billion loss due to a hedging strategy.
Mario Tama Getty Images

Originally published on Fri May 11, 2012 6:52 pm

JPMorgan Chase is licking its wounds after announcing that it lost at least $2 billion in a hedging strategy that went terribly wrong. The announcement late Thursday sent the bank's shares tumbling more than 9 percent on Friday.

Meanwhile, regulators on both sides of the Atlantic have begun looking into what happened. And there were calls Friday for tighter restrictions on the kind of trades the bank engaged in.

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It's All Politics
4:42 pm
Fri May 11, 2012

On Citizenship Question, Bachmann Not So Neutral

Minnesota Republican Rep. Michele Bachmann and her husband, Marcus, recite the Pledge of Allegiance before announcing her candidacy for president last June in Waterloo, Iowa.
Steve Pope Getty Images

Originally published on Fri May 11, 2012 5:24 pm

Under assault from conservative blogs that are normally friendly to her — and facing some skepticism in Minnesota, where she's up for re-election — Rep. Michele Bachmann wants to give back her just-revealed Swiss citizenship.

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The Two-Way
4:36 pm
Fri May 11, 2012

Carroll Shelby, Race Driver And Designer Of The Shelby Cobra, Dies

Actor Steve McQueen, left, and racer Carroll Shelby stand by McQueen's Ford-Cobra roadster, June 28, 1963, in Los Angeles.
Dick Stroebel AP

Carroll Shelby was a race car driver; he was a racing team owner, a chili entrepreneur. He survived a liver transplant and a heart transplant. But perhaps the thing that most people will remember him for is his automotive creations, especially the Shelby Cobra.

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Europe
4:15 pm
Fri May 11, 2012

Who Needs Marriage? Not France's New President

French President-elect Francois Hollande waves to supporters with his companion, Valerie Trierweiler, as he celebrates his election victory in Bastille Square in Paris, May 6. Hollande and Trierweiler will be the first unmarried couple to move into the French presidential palace.
Francois Mori AP

Originally published on Sat May 12, 2012 2:42 am

The French are known for being more tolerant than Americans about their politicians' private lives. One former French president even fathered a child with a mistress while in office.

But every French leader in history has been married — until now.

Next week, after Socialist Francois Hollande is sworn into office, he and his longtime companion, journalist Valerie Trierweiler, will become the first unmarried couple to move into the Elysee presidential palace.

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