JPMorgan Chase
Today in the Fortune 500: JPMorgan loans $20 billion to AT&T for T-Mobile purchase, plenty of heirs at Berkshire and UPS takes the lead on fire safety
April 1, 2011: 11:26 AM ET
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The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
JPMORGAN LOANS AT&T $20 BILLION to buy T-Mobile. Analysts had been worried that JPMorgan would take on a huge credit risk by offering AT&T (T) the loan, but JPMorgan (JPM) dispersed pieces of it across 11 other banks, which should keep the bank financially in the clear. [New York Times]
STILL PLENTY OF TALENT AT BERKSHIRE even though David Sokol's unexpected departure from Berkshire Hathaway (BRKA) may have created a mini power vacuum. Many had assumed that Sokol would be a candidate for CEO Warren Buffett's successor, but Berkshire still has a strong lineup of executives who could take over. [New York Times]
UPS PROTECTS ITS PILOTS by installing industry-leading fire-safety equipment on its planes. UPS (UPS) is equipping its cargo fleet with fire-suppression systems and smoke-protection devices that would allow the pilots to see their navigation equipment even if the cabin fills with smoke. Those safety measures aren't yet required by industry regulators. [Wall Street Journal]
SHELL BANKS $614 MILLION on its sale of its downstream assets in Chile to Quineco. The sale is part of Shell's (RDSA) larger strategy to focus less on downstream assets and instead hone in on fewer markets. [Wall Street Journal]
A ROUGH YEAR for Johnson & Johnson, which has issued over 50 voluntary recalls since the start of 2010. A breakdown of Johnson & Johnson's (JNJ) long history, its recent recalls and the drug company's possible denial about a systemic problem. [Bloomberg Businessweek]
GM KEEPS TIGHTENING ITS BALANCE SHEET General Motors says it had sold its stake in the auto parts maker Delphi Automotive back to the company, and that the deal has raised $3.8 billion for GM (GM). The sale falls in line with GM's commitment to simplify its balance sheet, according to its incoming chief financial officer. [New York Times]
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Today in the Fortune 500: JPMorgan in talks with Twitter, Google changes search rankings and Comcast CEO isn't scared of online video
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
JPMORGAN COULD INVEST IN TWITTER The bank is thinking about putting some of the money from its $1.2 billion digital growth fund into the microblogging site, which would give JPMorgan (JPM) a MORE
Feb 28, 2011 9:34 AM ETPosted in: Brian Roberts, Comcast, Fortune 500, Goldman Sachs, GOOG, Google, JPM, JPMorgan Chase, Kraft Foods, Starbucks, Twitter, Warren Buffett -
Today in the Fortune 500: Nokia defends Microsoft deal, Apple's new, cheap iPhone and JPMorgan gets social.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IT'S A GOOD DEAL, WE PROMISE Nokia is having to defend its recent deal with Microsoft (MSFT), which spooked investors who thought it might MORE
Feb 14, 2011 8:06 AM ETPosted in: Android, Apple, Fortune 500, Google, iphone, JPMorgan Chase, Microsoft, Nokia, Stephen Elop, Wal-Mart, Windows 7 -
Today in the Fortune 500: Shell postpones plans to drill in arctic waters, JPMorgan knew about Madoff scheme early and Verizon's plan to keep iPhone 4 data drain in check.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
SHELL STAYS OUT OF THE ARCTIC for 2011, at least. The company announced it was stalling its plans to drill offshore in Alaskan waters because it didn't obtain the proper MORE
Feb 4, 2011 6:43 AM ETPosted in: Ally Financial, Bernard Madoff, Coca-Cola, Fortune 500, iphone, iPhone 4, JPM, JPMorgan Chase, Ponzi scheme, Shell, verizon -
Watch Jamie Dimon request quick death for "big dumb banks"
At the World Economic Forum today, Jamie Dimon, the CEO of JP Morgan (JPM) called for humane executions of bad banks:
Jan 27, 2011 1:41 PM ET -
Today in the Fortune 500: ITT splits up, Apple's iPad slows PC growth and Intel wants to rule the cloud.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
BREAKING UP IS FOR THE BEST for ITT Corp, which announced plans to split into three spin-off businesses. The company controlled three main channels: insurance, automotive and defense MORE
Jan 13, 2011 8:16 AM ETPosted in: Amazon.com, Apple, Best Buy, Fortune 500, Google, INTC, Intel Corporation, IPad, JPMorgan Chase, Personal computer -
Today in the Fortune 500: Insider trading plot thickens, Oracle sales look good for tech and FedEx cheerful about holiday shipping outlook.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
INSIDER TRADING CRACKDOWN progresses as U.S. federal authorities arrest four major tech companies' employees accused of participating in an insider trading network that touched on several of MORE
Dec 17, 2010 1:14 PM ET -
Today in the Fortune 500: Pepsi drives a ruble rally, Pfizer CEO steps down and GE gets creative.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
GIVE RUSSIA SOME CREDIT Investors' hopes that Russia's credit ratings will improve in response to the potential deal between PepsiCo (PEP) and Russia's juice and dairy company Wimm-Bill Dan has spurred a MORE
Dec 6, 2010 8:25 AM ETPosted in: Atorvastatin, Business, General Electric, Jeff Kindler, JPMorgan Chase, PEP, PepsiCo, PFE, Pfizer, Russia, Wimm-Bill-Dann Foods, Wyeth -
Today in the Fortune 500: Grocery loyalty, Lockheed's jet prices jacked up, and Pepsi moves to Russia.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
KROGER MAKES MONEY ON LOVE from its customers, the company says, citing consumer loyalty as the reason the grocery chain increased third quarter sales even while dropping prices. That's despite concern that MORE
Dec 3, 2010 8:50 AM ETPosted in: CNNMoney, Costco, Fortune 500, JPMorgan Chase, Kroger, Lockheed Martin, New York Post, Target Corporation, Wal-Mart
