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The bank’s mortgage and credit losses have eased this year as the economy has improved. But its loan book is not growing, raising questions about where future profit growth will come from. JP Morgan shares climbed slightly in premarket trading after the second-largest U.S. bank by assets reported third-quarter net income of $4.4 billion, or [...]
Retired U.S. Coast Guard Admiral Thad Allen is nearing the end of his work as the National Incident Commander overseeing the vast Gulf oil spill. The AP’s Rich Matthews has more on Allen’s outlook and what he plans to do next.
A tropical depression slamming into parts of Mexico isn’t taking aim at the massive Gulf oil spill — for now — though any system can quickly change course and send cleanup efforts grinding to a halt. The logistics of containing the oil spewing into the Gulf of Mexico are mind-boggling even in ideal conditions. Things [...]
Secretary of Defense Robert Gates and Joint Chiefs of Staff Chairman Adm. Mike Mullen say they support President Barack Obama’s decision to replace Gen. Stanley McChrystal with Gen. David Petraeus as the head of the Afghanistan war effort. (June 24)
Adm. Dennis Blair was accident-prone, from his first days as director of national intelligence. But his real problem was that he occupied a job with a fuzzy mandate and powers that existed more on paper than in fact. Blair announced his resignation today after a rocky 15-month tour in which he discovered the limits of [...]
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