Chrysler and Fiat chat; a burger CEO dishes advice; Jindal writes a book, sort of; Gannett’s profits plummet; AmazonFail; snakes on a plane!
Finally! Money from a bank: According to The Wall Street Journal, J.P. Morgan Chase & Co. saw “extremely high credit costs, especially in its card-services and retail financial services divisions.” So, what does this mean to taxpayers? Chairman Jamie Dimon says the bank could pay the Treasury Department back at any time, without raising capital. “We are waiting for guidance from the government about how and when it could pay back the Treasury,” Dimon says.
Let’s make a deal, Italian-style: Automaker Fiat Group says there’s a 50 percent chance the deal between their company and Chrysler will fail because of slow-going labor negotiations in the U.S. and Canada. Fiat CEO Sergio Marchionne says: “Absolutely we are prepared to walk. There is no doubt in my mind. We cannot commit to this organization unless we see light at the end of the tunnel.” And those tunnels through the Italian Alps can be looonnnnnnggg.