The Delaware Gazette

EU running out of time as Greece nears the exit

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ATHENS, Greece — Euro­pean lead­ers insist they want to keep Greece in the euro­zone, but are putting off any agree­ment on how they hope to accom­plish that. Greece says it, too, wants to stay in the euro­zone, but until after elec­tions it’s uncer­tain whether it can imple­ment the aus­ter­ity that Europe has set as a con­di­tion for doing so.

Dimon survives votes on pay, chairmanship

TAMPA, Fla. — The CEO of JPMor­gan Chase sur­vived a share­holder push Tues­day to strip him of the title of chair­man of the board, five days after he dis­closed a $2 bil­lion trad­ing loss by the bank.

No sign of shareholder revolt against Dimon

NEW YORK — JPMor­gan Chase CEO Jamie Dimon owned up to stock ana­lysts and went on TV to accept blame for a $2 bil­lion trad­ing mis­take. Next he faces share­hold­ers, who are con­sid­er­ably less wealthy since the blun­der was disclosed.

Calls to toughen regulation follow JPMorgan loss

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WASHINGTON — JPMor­gan Chase faced intense crit­i­cism Fri­day for claim­ing that a sur­prise $2 bil­lion loss by one of its trad­ing groups was the result of a sloppy but well-intentioned strat­egy to man­age finan­cial risk.

Microsoft deal with AOL part of patent scramble

NEW YORKAOL’s $1 bil­lion deal to sell and license patents to Microsoft is another in a series of “Antiques Road­show” moments in the tech­nol­ogy world. Faded com­pa­nies have been rum­mag­ing through their assets recently, and some of them have found musty old patents that turn out to be worth a great deal.

US stocks waver, then end the day mixed

NEW YORK — It was a mun­dane end to an elec­tri­fy­ing week on the stock market.

S&P cracks 1,400 for first time since 2008

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NEW YORK — The stock mar­ket cleared another bar­rier Thurs­day in its long recov­ery from the Great Reces­sion: The Stan­dard & Poor’s 500 index closed above 1,400 for the first time since June 2008.

Obama seeks to broaden reach of housing assistance

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FALLS CHURCH, Va. — Con­ced­ing his ear­lier hous­ing pro­grams have fallen short, Pres­i­dent Barack Obama on Wednes­day pro­posed a vast expan­sion of gov­ern­ment assis­tance to home­own­ers, aim­ing to make lower lend­ing rates a pos­si­bil­ity for mil­lions of bor­row­ers who have not been able to get out from under bur­den­some mortgages.

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