Works with FBI on cyberattack

The FBI and other authorities are investigating a cyberattack that affected several financial institutions, including JPMorgan Chase. Officials believe Russian hackers conducted the attack. JPMorgan spokesman Michael Fusco said that the bank is working with authorities and has not seen any unusual fraud activity: We constantly work with law enforcement, it’s a critical part of […]

Galecki, Garner split

Galecki splits with Garner after two years. Media reports say the couple remain friends.

Parsons, Galecki and Cuoco strike deals

The production delay for The Big Bang Theory is over after Parsons, Galecki and Cuoco reached contracts deals, which reportedly include significant raises, with Warner Bros. Television. Kunal Nayyar and Simon Helberg continue to negotiate their contracts. Agreements are expected this week and the series likely will resume production on Wednesday.

Bond-purchase tapering continues

The Federal Reserve announces that it will continue to reduce its monthly bond purchases. The central bank has reduced its bond buying from a monthly rate of $85 billion to $25 billion. The Fed gives few hints as to when it will increase interest rates. However, it suggests it will maintain the federal funds rate […]

Production delayed

The five original main cast members of The Big Bang Theory — Johnny Galecki, Jim Parsons, Simon Helberg, Kunal Nayyar and Kaley Cuoco — remain in contract negotiations, delaying production on season Eight of the show. Production was set to start today and premiere Sept. 22. Warner Bros. TV, which produces TBBT, is not offering a timeline […]

Earned $75 million over past year

Forbes estimates that between June 2013 and June 2014 Downey earned about $75 million, making him the highest paid actor in Hollywood for the second consecutive year. Downey stars in the Marvel movies Iron Man and Avengers, which have earned nearly $4 billion at the box office worldwide. Others at the top of Forbes’ list […]

Collects $37m in stock options

JPMorgan Chase’s board decides to allow Dimon to collect roughly $37 million in stock options. Joe Evangelisti, a spokesman for JPMorgan says the board won’t further defer the vesting of options. Jamie does not plan to exercise the options at this time. Jamie has never sold any JPM stock except to cover the cost of […]

Addresses cancer diagnosis

Dimon says that he feels great and that his cancer, which he describes as “curable”, has not spread beyond his throat. The board will be fully briefed on my condition, and if they and I feel that it’s necessary to make additional disclosures, we will do that. But I really do think the next disclosure I’m […]

Economy expands

The Federal Reserve reports in its Beige Book that consumer spending, manufacturing and job growth are expanding in all of its districts. Five of the 12 Fed districts note “moderate” growth, while the other seven see “modest” expansion. Most districts were optimistic about the outlook for growth. The Fed report finds that price pressures are […]

Testifies before Senate Banking Committee

Yellen offers insight into the economy and central bank policy to members of the Senate Banking Committee. Yellen also defends the Fed’s independence as she faces questions from lawmakers interested in limiting the authority of the central bank. Sen. Jeb Hensarling, R-Texas, chairman of the committee, suggests that weekly discussions between Yellen and Treasury Secretary […]