Business

10:49am

Wed June 13, 2012
The Two-Way

JPMorgan Execs Who Bungled Billions May Have To Return Bonuses, Stock

JPMorgan Chase CEO Jamie Dimon during his testimony today on Capitol Hill.
Mark Wilson Getty Images

Along with saying, again, that his bank "let a lot of people down" when it lost more than $2 billion, JPMorgan Chase CEO Jamie Dimon added this prediction during his testimony before the Senate Banking Committee this morning:

"It's likely that there will be clawbacks."

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7:38am

Wed June 13, 2012
The Two-Way

'Pets,' 'Pizza' & 'Porn' Among New Internet Domain Names Sought

Originally published on Wed June 13, 2012 10:01 am

The much-anticipated list of Internet domain names that might soon join such familiar suffixes as .com, .edu and .gov is now online.

As expected, the nearly 2,000 suffixes that have been requested include some from companies who think they can help brand themselves with web addresses that end with things such as:

-- .apple

-- .bananarepublic

-- .chevy

-- .google

-- .lamborghini

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6:51am

Wed June 13, 2012
The Two-Way

Sharp Drop In Gas Prices Puts Brakes On Inflation

Wholesale prices fell 1 percent in May from April thanks to an 8.9 percent plunge in the price of gasoline, the Bureau of Labor Statistics reports. The overall decrease is the largest in one month since July 2009.

Excluding the energy and sectors, prices at the wholesale level ticked up 0.2 percent.

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3:12am

Wed June 13, 2012
Energy

Ruling Could Help Break The Nuclear-Waste Logjam

Originally published on Wed June 13, 2012 10:43 am

About 70,000 tons of used nuclear fuel sits mostly at power plants across the country. Much is kept underwater in spent fuel pools, but utility companies have been moving the fuel into concrete and steel casks like these in Richland, Wash. Energy Northwest CEO Vic Parrish (center) tours the facility with Reps. Doc Hastings (left) and Jay Inslee.
Shannon Dininny AP

The federal government promised almost 30 years ago to find a place to bury nuclear waste from power plants. It hasn't. So the waste is piling up at power plants around the country.

Now a federal court says the government must prove that this temporary solution is truly safe. The decision could help break the nuclear-waste logjam.

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3:03am

Wed June 13, 2012
Planet Money

Spain's Bank Matchmaker On What Went Wrong

Originally published on Mon July 9, 2012 6:55 pm

Angel Borges, matchmaker.
Chana Joffe-Walt NPR

A couple years ago, Spain hatched a plan to help its small, regional banks. The banks, called cajas, had made lots of bad loans during Spain's real estate bubble.

The plan: Merge the bad cajas with the good ones, in order to make the losses more manageable and bring down overhead.

The government brought in Angel Borges, a banking consultant from Madrid, as a sort of yenta — a matchmaker who was supposed to help the cajas get together.

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