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May 17, 2012
KFGO Studio: 701.237.5948
KFGO Business News
May 17, 2012
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Schilling's Video Game Co. Asks R.I. For More Help
Former Red Sox pitcher Curt Schilling is asking Rhode Island for additional help to save his video game company, prompting state leaders to consider whether the firm is viable enough to justify the investment. READ MORE
Mueller Confirms Preliminary Probe Of JPMorgan
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank. READ MORE
Shareholders Sue JPMorgan Over $2B Trading Loss
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss. READ MORE
Facebook IPO Could Mean Up To $2.1B For Calif.
Facebook's public stock offering this week is projected to generate between $1.6 billion and $2.1 billion through mid-2013 for California's budget as shareholders cash in their shares. READ MORE
Deere Fiscal 2Q Profit Rises, Beats Expectations
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights. READ MORE
Target's 1Q Profits Up 1.2 Percent
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions. READ MORE
U.S. Factory Output Rose In April On Stronger Autos
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. READ MORE
American Airlines Ground Workers Split On Contract
American Airlines ground workers split over the company's final contract offer that would spare some jobs targeted for elimination. READ MORE
Facebook Raises IPO Price As Offering Nears
Facebook is raising the price at which it plans to sell stock to the public. READ MORE
Geither: JPMorgan Loss Shows Need For Tough Rules
Treasury Secretary Tim Geithner says the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions as regulators continue to implement the 2010 law policing Wall Street. READ MORE
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