Articles tagged with chase
Thu, May 17, 2012
Police Search for High Speed Chase Suspect
Police are in search of a man that stole several vehicles and lead them on a high speed chase Wednesday. The suspect stole a ...
Wed, May 16, 2012
Shareholders sue JPMorgan Chase over trading loss
By Grant McCool
NEW YORK (Reuters) - JPMorgan Chase & Co
A spokesman for JPMorgan Chase declined to comment on the lawsuits, which were filed in U.S. District Court in Manhattan, days after Chief Executive Jamie Dimon's May 10 statement that a "failed hedging strategy" caused the massive loss over the last month.
"What the Company did not reveal was that those losses were the result of a marked shift in the company's allowable risk model, undisclosed to investors, and the similarly clandestine conversion of a unit within the company that was touted as providing a conservative risk-reduction function into a risky, short-term trading enterprise that exposed the company to large losses instead," said one of the complaints.
It was filed derivatively by California shareholder James Baker on behalf of JPMorgan Chase against Dimon, Chief Financial Officer Douglas Braunstein and board members.
The lawsuit charged the JPMorgan defendants with breach of fiduciary duty, waste of corporate assets and unjust enrichment.
A separate lawsuit was filed at the same time by shareholder Saratoga Advantage Trust financial services portfolio on behalf of owners of common stock.
It said Dimon and Braunstein made "materially false and misleading statements and omissions" on an April 13, 2012 earnings conference call with investors.
"Defendants misrepresented the losses and risk of loss to the company arising from massive bets on derivative contracts related to credit indexes reflecting interest rates on corporate bonds," the complaint said. "These derivative bets went horribly wrong, resulting in billions of dollars in lost capital for the company and billions more in lost market capitalization for JPMorgan shareholders."
The cases are James Baker, derivatively on behalf of JPMorgan Chase & Co v James Dimon, et al in U.S. District Court for the Southern District of New York, No. 12-3878 and Saratoga Advantage Trust v JPMorgan Chase & Co in the same court No. 12-3879.
(Reporting By Grant McCool; editing by Gerald E. McCormick and Jeffrey Benkoe)
Wed, May 09, 2012
High Speed Chase Ends with Crash
ANOTHER POLICE CHASE IN THE VALLEY ENDS IN INJURY. OFFICERS TRIED TO PULL OVER A VEHICLE REPORTED TO BE DRIVING RECKLESS ON I-70 IN ...
Tue, May 08, 2012
Suspect in High Speed Chase is Identified
THE DRIVER THAT LED POLICE ON A WEEKEND HIGH SPEED CHASE HAS BEEN IDENTIFIED. ABOUT 10:20PM SATURDAY NIGHT, A WEST TERRE HAUTE OFFICER ...
Mon, May 07, 2012
High Speed Chase Ends in Terre Haute
AT LEAST ONE PERSON IS ARRESTED AFTER A HIGH SPEED CHASE THROUGH WEST TERRE HAUTE ON SATURDAY. AROUND 10:20 SATURDAY NIGHT, A WEST ...Fri, April 27, 2012
China auto market laggards chase premium profile
By Laurence Frost
BEIJING (Reuters) - Thousands of Chinese consumers already have the T-shirt. All Fiat-Chrysler boss Sergio Marchionne has to do now is sell ...
Thu, April 26, 2012
Man Facing Felony Charges Leads Police Chase
A police chase through Terre Haute ended with one man behind bars facing felony charges. Officials were searching for 25-year-old Shawn Bass Thursday morning ...
Sun, April 22, 2012
Joel McHale Talks 'Community' Renewal and Chevy Chase
Though many members of the press had prepared several pointed questions for Joel McHale, Yvette Nicole Brown, and Jim Rash during Wednesday's NBC ...
Sat, April 21, 2012
Joel McHale Talks 'Community' Renewal and Chevy Chase
Though many members of the press had prepared several pointed questions for Joel McHale, Yvette Nicole Brown, and Jim Rash during Wednesday's NBC ...
Fri, April 20, 2012
Joel McHale Talks 'Community' Renewal and Chevy Chase
Though many members of the press had prepared several pointed questions for Joel McHale, Yvette Nicole Brown, and Jim Rash during Wednesday's NBC ...
Thu, April 19, 2012
Man Arrested After Bank Robbery and Police Chase
Justin Gordon of Petersberg is facing several charges after attempting to rob a Princeton bank Wednesday. Police say that when the suspect was spotted ...
Thu, April 19, 2012
Joel McHale Talks 'Community' Renewal and Chevy Chase
Though many members of the press had prepared several pointed questions for Joel McHale, Yvette Nicole Brown, and Jim Rash during Wednesday's NBC ...
Sun, April 08, 2012
D-Backs chase down Giants to sweep rivals
(Reuters) - The familiar sight of Arizona beating San Francisco continued in spectacular fashion on Sunday as the Diamondbacks overcame a six-run deficit to once ...
Thu, April 05, 2012
Chevy Chase's 'Community' Boss Apologizes for His ""Unclassy Move""
On March 31, Community fans experienced a communal panic attack when a story hit about series creator Dan Harmon's and star Chevy Chase ...
Wed, April 04, 2012
Chevy Chase's 'Community' Boss Apologizes for His ""Unclassy Move""
On March 31, Community fans experienced a communal panic attack when a story hit about series creator Dan Harmon's and star Chevy Chase ...
Wed, April 04, 2012
Chevy Chase vs. 'Community' and TV's Other Epic Feuds
Last weekend, news broke that the actor behind Greendale Community College's most crotchety old student might be more like his character than we ...
Tue, April 03, 2012
Chevy Chase vs. 'Community' and TV's Other Epic Feuds
Last weekend, news broke that the actor behind Greendale Community College's most crotchety old student might be more like his character than we ...
Tue, April 03, 2012
Chase blasts Community creator during profanity-laden voice mail
The Spies Like Us star and Dan Harmon were said to be locked in a bitter feud on and off the set ever since ...
Mon, April 02, 2012
'Community' Feud: Is Chevy Chase Leaving the Show?
Though it seems increasingly likely that Community will be renewed for a fourth season, fans should still prepare to say goodbye to one of ...
Sun, April 01, 2012
'Community' Feud: Is Chevy Chase Leaving the Show?
Though it seems increasingly likely that Community will be renewed for a fourth season, fans should still prepare to say goodbye to one of ...
Thu, March 22, 2012
Aykroyd & Chase reteam for new comedy
Aykroyd broke the news on his Facebook.com page, revealing the two old pals are considering a new comedy.
He wrote, ""Cannot say too ...
Thu, March 22, 2012
Police Chase Ends in Arrest
A police chase through Terre Haute’s north side on Tuesday afternoon resulted in the arrest of 24-year-old James Compton. Police say that Compton ...
Wed, March 21, 2012
Aykroyd & Chase reteam for new comedy
Aykroyd broke the news on his Facebook.com page, revealing the two old pals are considering a new comedy.
He wrote, ""Cannot say too ...
Wed, March 21, 2012
Dan Aykroyd and Chevy Chase Reunite to Write Comedy
Even though Dan Aykroyd has been the driving force behind the ill-conceived Ghostbusters 3, it's still good news whenever he announces a new ...
Fri, March 16, 2012
Manning chase takes turn as 49ers enter the mix
(Reuters) - Peyton Manning showed off his throwing strength for the Denver Broncos on Friday while the San Francisco 49ers emerged as a potential destination ...
Wed, March 14, 2012
Daley hopeful Chase will return for Vacation sequel
The filmmakers want to bring Clark and Ellen Griswold back to the big screen for a sequel to the 1983 cult comedy.
Daley tells ...
Tue, March 13, 2012
Daley hopeful Chase will return for Vacation sequel
The filmmakers want to bring Clark and Ellen Griswold back to the big screen for a sequel to the 1983 cult comedy.
Daley tells ...
Fri, March 09, 2012
Man in Semi Leads Police on Chase
A local man leads police on a 32 mile pursuit Thursday afternoon. 44 year old Brent Arthur of Vincennes reportedly stole a semi from ...
Tue, February 28, 2012
New Panasonic chief to chase TV profit, not volume
By Tim Kelly
TOKYO (Reuters) - Japanese electronics giant Panasonic Corp named the head of its loss-making TV business as its new president and pledged ...
Tue, February 14, 2012
Local Man Arrested After Police Chase
One Terre Haute man is facing charges after he led police on a chase into West Terre Haute Monday afternoon. Police say that Joshua ...
Wed, February 08, 2012
Analysis: Don't chase market stampedes as risks run amok
By Mike Dolan
LONDON (Reuters) - If both the perma-bears and perma-bulls are wrong in their immovable convictions about the long-term global investment outlook, then ...
Thu, January 12, 2012
JPMorgan Chase CEO Dimon shuffles executives
NEW YORK (Reuters) - JPMorgan Chase & Co
Mandelbaum, 49 years-old and head of strategy and business development, "has decided to leave the firm to focus on entrepreneurial and other interests," Dimon said in a memo to employees.
"Jay has been an excellent partner of mine since 1992, and I will miss him tremendously," Dimon wrote. Mandelbaum may serve as a board member of companies in which the bank invests, Dimon said.
Dimon also said that Doug Petno, 46, has been promoted to chief executive of commercial banking and that Todd Maclin who was doing that job will now focus entirely on the consumer and business banking franchise.
In addition, John Hogan, 45, the chief risk officer of the investment bank, has been promoted to be chief risk officer for the entire company. Barry Zubrow, 58, who previously held the post, will take the new role of head of corporate and regulatory affairs.
Gordon Smith, the head of credit cards and auto lending, will now oversee three executives who previously reported to Mandelbaum and are responsible for corporate marketing, mobile and e-commerce, and the corporate internet group.
The bank is scheduled to report fourth-quarter earnings Friday.
(Reporting by David Henry; editing by Carol Bishopric)
Thu, December 15, 2011
JPMorgan Chase cleans up checking account fee list
By David Henry
NEW YORK (Reuters) - JPMorgan Chase & Co
Fri, December 02, 2011
Police Chase Ends Quickly
The police attempted to pull over an SUV for a routine traffic stop, and that’s when things got interesting. The woman in the ...Tue, October 11, 2011
About 175 arrested early Sunday in Chicago protest
By Roy Strom
CHICAGO (Reuters) - Police arrested around 175 demonstrators at a nascent protest camp in a downtown Chicago park early on Sunday, hauling ...
Tue, October 04, 2011
Insight: Chase's card chief rebuilds business part by part
By David Henry and Dan Wilchins
NEW YORK (Reuters) - Gordon Smith, credit card chief of JPMorgan Chase
Sat, October 01, 2011
Small market Brewers chase big dreams
By Steve Keating
MILWAUKEE (Reuters) - For years, the only September race that held any interest for Milwaukee Brewers fans was a sprint between the ...
Wed, September 21, 2011
Yankees opener against rival Red Sox rained out
NEW YORK (Reuters) - The opener of a three-game series between the New York Yankees and Boston Red Sox was rained out on Friday and ...
Tue, September 20, 2011
Knox Co Man Busted in Fatal Police Chase
Mon, September 19, 2011
Police Chase Leads to 4 Year Old's Death
Tue, August 30, 2011
Chevy Chase Mulls Return to 'Vacation,' 'Fletch'
His career resuscitated thanks to a choice role on NBC's Community, Chevy Chase is now plotting his return to the big screen. The ...
Mon, August 29, 2011
Chevy Chase Mulls Return to 'Vacation,' 'Fletch'
His career resuscitated thanks to a choice role on NBC's Community, Chevy Chase is now plotting his return to the big screen. The ...
Sun, August 28, 2011
Chevy Chase Mulls Return to 'Vacation,' 'Fletch'
His career resuscitated thanks to a choice role on NBC's Community, Chevy Chase is now plotting his return to the big screen. The ...
Sat, August 27, 2011
Chevy Chase Mulls Return to 'Vacation,' 'Fletch'
His career resuscitated thanks to a choice role on NBC's Community, Chevy Chase is now plotting his return to the big screen. The ...
Mon, August 22, 2011
Three Captured, One At Large After Chase
As of Sunday night, Terre Haute Police were still looking for one person after a police chase, but three others are in custody. Police ...
Fri, August 12, 2011
Illinois police chase naked gunman into St. Louis
By Barton Lorimor
SPRINGFIELD, Ill (Reuters) - The phrase "naked gun" is no longer just a movie reference here in southwestern Illinois.
Officers responding to ...
Fri, July 29, 2011
Wild boars invade New York state; kill pets, chase people
By Ray Sanchez
NEW YORK (Reuters) - Wild boar are invading the farms of central New York state, attacking livestock, killing family pets, chasing people ...
Mon, July 25, 2011
U.S. team sets end-September target in Higgs chase
By Robert Evans
GENEVA (Reuters) - U.S. scientists said on Wednesday they expect to establish by the end of September whether the "Higgs boson ...
Mon, July 18, 2011
JPMorgan Chase overhauls troubled mortgage unit
By David Henry
NEW YORK (Reuters) - JPMorgan Chase & Co
In a sign of the bank's sensitivity to the issue of callousness to borrowers, it is re-christening its "Loss Mitigation" department as "Borrower Assistance," according to Frank Bisignano, JPMorgan's chief administrative officer who was assigned by Chief Executive Jamie Dimon in February to fix the bank's mortgage problems.
Bisignano sent a memo to bank employees on Monday announcing a reorganization of the bank's residential mortgage business under new executives. JPMorgan's mortgage problems, including allegations of abusive foreclosure practices, are the main reason the bank fell as much as $7 billion short of its profit potential last year, Chief Executive Jamie Dimon told shareholders earlier this year.
Bisignano said in an interview with Reuters that JPMorgan is shifting its foreclosure unit more aggressively toward offering affordable terms to delinquent borrowers to help both consumers and the bank.
"Modifying a loan is much more economical for the firm than foreclosing," he also noted in the memo to employees that was obtained by Reuters.
On another front, Bisignano is deploying risk-management experts from JPMorgan's investment bank to work through problem portfolios of mortgage loans and bank-owned real estate. The effort will be led by Craig Delany, who handled critical short-term funding of JPMorgan during the financial crisis.
Delany will report to Bisignano and to Matt Zames, co-head of global fixed income at the investment bank, according to the memo.
Dimon earlier this year said legal and other issues related to residential mortgages, including billions of dollars of warranty claims from investors in mortgage-backed securities, were the main reason it failed to last year to meet its profit potential of $22 billion to $24 billion.
The reorganization of the mortgage foreclosure area follows a plan that JPMorgan submitted last week, under an agreement with federal regulators, to revamp how it handles troubled mortgages. JPMorgan and other large banks have been the subject of investigations since last year of shoddy documentation and other practices in foreclosure procedures.
The new "Borrower Assistance" department will be headed by Pat Sheehy, who was praised in the memo for work on rebuilding businesses at the bank over the past five years. Sheehy, the bank said, has 27 years of mortgage banking experience, including a sales management post at Countrywide Financial. (Reporting by David Henry; Edited by Jed Horowitz and Richard Chang)
Mon, July 11, 2011
High Speed Chase, Ends In Crash, Kills One
TERRE HAUTE, IN (WIBQ) -- Around 12:30 Saturday morning Owen County Sheriff’s deputies saw what they said was a suspicious that took off ...
Fri, July 01, 2011
Jeter set to resume 3,000 hits chase next week
TAMPA BAY (Reuters) - New York Yankees captain Derek Jeter is set to resume his pursuit of 3,000 hits when he returns from a ...
Tue, June 14, 2011
Jeter's 3,000 hits chase interrupted by calf injury
NEW YORK (Reuters) - Derek Jeter's march toward 3,000 career hits suffered a setback when the New York Yankees shortstop left Monday's ...
Tue, June 07, 2011
Homeowners use car to chase off suspected burglars
By Tim Ghianni
NASHVILLE, Tenn (Reuters) - In what sheriff's deputies are calling an act of self-defense, two Tennessee homeowners ran their vehicle into ...
Sat, June 04, 2011
Hansen a Danish delight as Canucks chase Stanley Cup
By Steve Keating
VANCOUVER (Reuters) - There are thousands of names engraved on the Stanley Cup but Jannik Hansen's would represent a first if ...
Mon, April 11, 2011
Police Chase Lands Two Men In Jail
TERRE HAUTE, IN (WIBQ) -- A sunday night Police chase has two men in jail after the ordeal. The situation started at about 10:30 ...
Sat, March 26, 2011
Police shoot driver after chase on Bronx expressway
NEW YORK (Reuters) - Police shot dead a driver on a congested Bronx expressway on Saturday, after he crashed into several vehicles and tried to ...
Tue, February 22, 2011
Clay County Man Arrested After Chase
CLAY COUNTY, Ind. (WIBQ) - A Clay County man was arrested over the weekend after leading police on a wild chase that came to a ...
Thu, February 10, 2011
New York taxi imposter gets jail after high-speed chase
NEW YORK (Reuters) - A man posing as a taxi driver who led police on a high-speed chase out of John F. Kennedy International Airport ...
Wed, February 02, 2011
Grave robber chase reveals ancient Holy Land church
By Ari Rabinovitch
JERUSALEM (Reuters) - The pursuit of a gang of grave robbers has led to the discovery of an ancient church outside Jerusalem ...
Thu, January 27, 2011
Top NY state prosecutor to chase down tax cheats
By Grant McCool
NEW YORK (Reuters) - The new "Sheriff of Wall Street" is going after tax cheats, pension plan frauds and corrupt government contractors ...
Mon, January 17, 2011
Nicholson: 'I'm too old to chase girls'
The Shining superstar is a well known-ladies' man, allegedly sleeping with thousands of women during his Hollywood career and having five kids with four ...
Mon, December 13, 2010
Bollywood to Hollywood: Indian actors chase dreams
By Shilpa Jamkhandikar
MUMBAI (Reuters) - From "Spiderman" to "Mission Impossible," Bollywood actors are increasingly finding their way into mainstream Hollywood films.
As Hollywood brings ...
Mon, November 15, 2010
The Chase Of The Cup Lead For Denny Hamlin Has Shrunk To 15 Points
Carl Edwards snapped a 70-race winless streak in the Sprint Cup Series by taking Sunday's Kobalt Tools 500 at Phoenix International Raceway. Edwards ...
Thu, October 14, 2010
Suspect Who Led Police On Chase Held Without Bail
TERRE HAUTE, Ind. (WIBQ) - The man who led Terre Haute police on a high speed chase early Tuesday morning is in jail without bond ...
Fri, October 08, 2010
Man Jailed After Chase
TERRE HAUTE, Ind. (WIBQ) - A West Terre Haute man is in jail on 50 thousand dollars cash only bond after he led police on ...
Tue, September 28, 2010
Grigorieva 'signed agreement not to chase Gibson's cash'
The couple ended their relationship in April (10) and the break-up turned nasty when the Russian singer accused her former partner of beating her ...
Mon, July 19, 2010
Police Chase Leads to Suicide
Bloomington (WIBQ)-One man is dead following an early Sunday morning police pursuit in Owen County. According to the Sheriff’s Department the chase ...
Fri, July 16, 2010
Man Involved in Police Chase Charged
Terre Haute (WIBQ)-The man whom police say was driving a stolen pickup truck in Terre Haute and subsequently led police on a brief ...
Tue, July 13, 2010
Charges Filed Following Police Chase
Terre Haute (WIBQ)-An area man will be charged in connection with Sunday's police chase of a stolen truck. Bradley Lawrence is charged ...
Mon, July 12, 2010
One Arrested After Police Chase
Terre Haute (WIBQ)-A brief police chase ended with the arrest of one man last night. Around 7:30 police were told there was ...
Mon, June 21, 2010
Court to hear Chase's appeal in credit card case
WASHINGTON (Reuters) - The Supreme Court said on Monday it would hear JPMorgan Chase & Co's appeal over a lawsuit that says the bank violated ...
Wed, May 26, 2010
Police Chase Leads to drug Charges
Terre Haute (WIBQ)-A second person has been arrested in connection with last Friday's wild police chase in Vigo County. Jeremy Montgomery, 30 ...
Mon, May 10, 2010
Teen Driver Threatens Suicide after Chase
Terre Haute (WIBQ)-He could have been killed by deputies, but wasn't.
Vigo County deputies say Rocky Hamburg led them on a chase ...
Fri, February 19, 2010
January Car Chase Lands Man in Jail
A VALLEY MAN IS IN JAIL FOR RESISTING LAW ENFORCEMENT.
BACK ON JANUARY 30TH... INDIANA STATE POLICE SAY THEY TRIED TO PULL OVER 30-YEAR-OLD ...
Mon, February 15, 2010
High Speed Chase Crosses State LIne
An Illinois man is in jail after leading police on a chase Friday morning.
Authorities in Danville, Illinois attempted to pull over a suspicious ...
Fri, February 12, 2010
High Speed Chase Lead to Illinois Arrest
An Illinois man is jail after leading police on a chase Friday morning.
Authorities in Danville, Illinois attempted to pull over a suspicious vehicle ...
Fri, February 12, 2010
Man Arrested After Knox County Chase
A high-speed chase Wednesday night in Knox County lands a Washington, Indiana man in jail.
State Trooper Brett Pool tried to stop 37 year ...
Thu, October 15, 2009
U.S. clubs chase Japanese schoolboy Kikuchi
TOKYO (Reuters) - Japanese schoolboy Yusei Kikuchi will hold 'speed interviews' with Major League Baseball clubs as the race to sign the explosive left-hander heats ...
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