Finance Fri, Jul 12, 2013, 5:24 PM EDT – U.S. Markets closed YOUR FRIENDS’ ACTIVITY Remind me when I share | Not you? Log out of Facebook How to remove this experience Finance Latest News: JPMorgan Reports 31% Rise in Quarterly Profit Link 9 hours ago, Wochit JPMorgan Chase reported a 31% rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another ‘London Whale’ derivatives loss. In an email to Reuters, an ISS spokesperson defended supporting the deal.
Finance Latest News: Hulu Owners Cancel Auction – Again
Speaking near the end of two-days of high-level U.S.-China strategic and economic talks, Finance Minister Lou Jiwei said China backs an exit based on a slow, but steady U.S. recovery. But it should pay careful attention to the impact of its policy on the international financial system and properly handle the timing, tempo and intensity of its quantitative easing monetary policy exit, Mr. Lou said through an interpreter.
China Finance Minister Warns Fed Over Risks of Exiting Easy-Money Policies
Bids from DirectTv and AT&T had reportedly neared the $1 billion mark. The on-again, off-again sale of Hulu is off again. The parent companies of ABC, NBC and Fox said Friday that they would stay owners of Hulu, while providing a cash infusion of about $750 million to ensure future growth. The owners had accepted formal bids for the online video service last week. The announcement Friday suggests the bids were too low.