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Former JPMorgan Chase Traders Charged Over 'White Whale' Bets
Federal prosecutors filed criminal charges on Wednesday against two JPMorgan Chase traders involved in the "London Whale" bets that produced $6 billion in losses for the bank. The Securities and Exchange Commission also filed a civil case. The two men were charged with fraud and conspiracy to falsify books and records.
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3:08
Jesse Jackson Jr. Sentenced To 30 Months In Prison
Former Illinois Representative Jesse Jackson Jr. was sentenced to 30 months in prison on Wednesday. Jackson had pleaded guilty to spending $750,000 in campaign funds for personal use. Jackson's wife Sandi received a one year sentence for her role in the scheme.
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3:15
That 2012 Bundle Of Joy Will Cost You $241,080 To Raise
That's according to the USDA's yearly "Cost of Raising a Child" report. Adjusted for inflation the damage is $301,970.
In 'Alphabet' Mysteries, 'S' Is Really For Santa Barbara
Private investigator Kinsey Millhone is one of the most well-known characters in modern crime fiction, but there's another star in Sue Grafton's thrillers: the fictional city of Santa Teresa, based on Santa Barbara, Calif.
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7:20
2 Ex-Traders Accused Of Covering Up JPMorgan Losses
Federal prosecutors in the U.S. have charged two former traders in JPMorgan Chase's London office with securities fraud. The two men were part of the so-called "London Whale" case, which ended up costing the company more than $6 billion. U.S. officials say the men lied about the value of some derivatives trades to cover up mounting losses.
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2:15
Attorney Dispenses Legal Advice As Well As Shaving Cream
A Connecticut attorney has opened a shop that combines his passion for the law with his barber skills. Donald Howard says he first got the hybrid-business idea working as a paralegal for a personal injury attorney who doubled as a sports agent. And, a California attorney opened Legal Grind, a coffee house and law office.
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3:49
After Deaths Of Hundreds, More Bloodshed Feared In Egypt
"It's difficult to see a path out of this crisis, at least not without more people dying," NPR's Leila Fadel reports. Wednesday's crackdown on supporters of ousted President Mohammed Morsi left hundreds dead and several thousand people wounded.
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Jobless Claims Drop To Pre-Recession Level
Last week, 320,000 Americans applied for jobless benefits. The figure hadn't been that low since October 2007.
Can Paula Deen Recover (And Who Really Pays If She Doesn't)?
The celebrity chef no longer faces charges of racial discrimination, but her public image has already been battered. That's a problem not only for Deen but for hundreds of workers who make her products. Stars dogged by scandal have always lost endorsement deals; now they can take down entire companies.
How To Draw Out Your Worst Fears
One artist pushed past a creative block by talking candidly about people's deepest fears.
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