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May 11, 2012
05/12
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and in tonight's "made in america," we meet barrango, a u.s. company shipping holiday spirit worldwide. that and more tonight on n.b.r. we begin with j.p. morgan chase. throughout the financial crisis, it had a reputation as a bank with a fortress balance sheet. today in a regulatory filing, the firm admitted it has seen "significant mark to market losses" in complex financial derivatives. "mark to market" means, if the assets were priced at what they are worth today. the bank said its strategy to hedge its credit portfolio has proven to be "riskier, more volatile and less effective as an economic hedge" than it believed. $2 billion in losses in the first six weeks of this quarter. about $1 billion of that was made up by selling some positions. the news sent j.p. morgan shares tumbling after the closing bell. the stock closed at $40.74 per share in the regular session. but after the filing, shares fell almost 7%, falling below $38 per share. on a conference call late today, c.e.o. jamie dimon said the situation violated the bank's own standards
and in tonight's "made in america," we meet barrango, a u.s. company shipping holiday spirit worldwide. that and more tonight on n.b.r. we begin with j.p. morgan chase. throughout the financial crisis, it had a reputation as a bank with a fortress balance sheet. today in a regulatory filing, the firm admitted it has seen "significant mark to market losses" in complex financial derivatives. "mark to market" means, if the assets were priced at what they are worth...
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May 10, 2012
05/12
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along with its global reach that squired barrango through the recent down turn, that and agility in theket place using the internet as a sales tool and technology to drive new products. an american domestic manufacturer, embracing technology, selling globally, with quality at its core. ho, ho, ho. mike hegedus, nbr, south san francisco, california. >> reporter: next week, on "made in america": we go down on the farm to the petaluma creamery. while big corporate players dominate the dairy industry, this independent dairy farm has found a way to survive. that's nightly business report for thursday, may 10. i'm tom hudson. goodnight everyone... captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
along with its global reach that squired barrango through the recent down turn, that and agility in theket place using the internet as a sales tool and technology to drive new products. an american domestic manufacturer, embracing technology, selling globally, with quality at its core. ho, ho, ho. mike hegedus, nbr, south san francisco, california. >> reporter: next week, on "made in america": we go down on the farm to the petaluma creamery. while big corporate players dominate...
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May 9, 2012
05/12
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. >> tom: tomorrow on "nightly business report," we meet barrango, the u.s. company behind holiday displays around the globe, as we continue our weekly series, "made in america." >> susie: home prices rose in more than half of the nation's metropolitan areas during the first quarter. the national association of realtors says the median price of homes sold was just under $160,000. the areas with the biggest gains in prices: fort myers, florida; grand rapids, michigan; and titusville, florida. and if you're in the market for a new home, a good real estate agent is key. tonight's "money file" has some tips. here's "money" magazine's donna rosato. >> the real estate market is heating up and home sales are at their highest level since 2007, but selling your home or buying a new one is still a tricky process. finding an experienced real estate agent can make all the difference if you want to close a deal at the right price. start by asking about the last three deals the agent has closed. you want someone who has experice buying and selling in your neighborhood. you
. >> tom: tomorrow on "nightly business report," we meet barrango, the u.s. company behind holiday displays around the globe, as we continue our weekly series, "made in america." >> susie: home prices rose in more than half of the nation's metropolitan areas during the first quarter. the national association of realtors says the median price of homes sold was just under $160,000. the areas with the biggest gains in prices: fort myers, florida; grand rapids,...