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U.S. Morning Call: Dimon's response to Goldman's scandal

Thursday, March 15, 2012 - 02:23

JP Morgan's CEO Jamie Dimon responds with an internal memo to an op-ed, by a former Goldman Sachs employee, that tarnishes the bank's reputation.

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Here's my call for this Thursday we don't accused JPMorgan of trying to get a boost from the troubles at Goldman Sachs. CEO Jamie diamond in an internal memo saying employee should focus on strengthening the bank's own standards. The metal coming out after Greg Smith editorial in the New York Times the last thing. His now former employer. Diamond sang I want to be clear that I don't want anyone here to seek advantage from a competitor is alleged issues or hearsay ever. It's not the way we do business. President by hearing the complaints about the high price of gasoline Republican presidential candidate Newt Gingrich among those complaining. Gingrich pledging to bring gas down. 250 a gallon sources tell Reuters exclusively the president discuss tapping oil reserves during a meeting with British prime minister David Cameron once source it talks could last for several months. Before decision is made. Light sweet crude little changed this morning above a 105 bucks a barrel. Eddie Lambert stepping in to keep items on the shelves at your local seniors. -- -- top shareholder ESL investments which has agreed to assume. Sum payment obligations to vendors and they keep providing supplies to the retail chain according to an SEC filing. They kind of agreement reached called it trade receivable that agreement is intended. To -- payment to vendors in the event of the bankruptcy filing. Sears shares have gone on a wild ride over the past year that are near the breakeven point. Cisco is reportedly close to making five billion dollar purchase of an Israeli company co owned by news sports. An Israeli financial papers as a networking giant is an advanced talks to buy and yes that's develops software for multi channel television networks. And yes it's 51% owned by private equity firm from -- and 49% owned by news -- It specializes in software that helps the pay TV business. At a packed day -- economic releases including the march Philly Fed economists looking for a rebound from February's reading of the regional manufacturing index. Thomson Reuters -- our market sees it climbing to eleven from ten point two which it says right represent a leveling out and a fairly modest pace of growth. The Philadelphia area has experienced slower gains and other regions. That report comes out at ten weekly jobless claims and PPI -- thirty that's right call this Thursday I'm Jen -- this is Reuters Insider.

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U.S. Morning Call: Dimon's response to Goldman's scandal

Thursday, March 15, 2012 - 02:23