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Gold Prices Tumble To Four-Month Low

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
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Gac Filipaj

Janitor Gac Filipaj Earns Free Degree From Columbia University, Graduates With Ivy League Honors

Want a degree from Columbia University, but can't afford the absurd tuition? Do you own a mop, are not disgusted by with cleaning toilets and can spare a dozen years of your life? Gac Filipaj, a 52-year-old refugee from the former Yugoslavia, spent the last 12 years working as a janitor at Columbia while also taking classes at the Ivy League school -- and didn't pay a penny in tuition. He graduated on Sunday with honors from the university.
JPMorgan Chase & Co CEO Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto

JPMorgan Chase Exec Ina Drew Resigns, $2B Trading Debacle Claims Its First Scalp

First JPMorgan Chase & Co. lost an estimated $2 billion in derivatives trading, and now it has lost one of CEO Jamie Dimon's top lieutenants: Ina R. Drew, JPMorgan Chase's chief investment officer and a bank employee for three decades, will step down on Monday. Matt Zames will take over for Drew, Bloomberg News reported.
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Dimon Says JPMorgan CEO Missed Red Flags

JPMorgan Chase & Co CEO Jamie Dimon said his bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives, according to a transcript of an interview broadcast on Sunday on NBC's Meet the Press television program.
The Shelby 1000 seen in profile at the New York International Auto Show 2012.

Carroll Shelby's Death Mourned By Company And Friends

Legendary entrepreneur, American muscle-car manufacturer, and race-car driver Carroll Shelby died Friday at the age of 89, according to a statement by his company Carroll Shelby International Inc. (OTC: CSBI.PK). The cause of death was not disclosed.
U.S. Senator Bob Corker

Politicians, SEC, Fitch Draw Bead On JPMorgan

Fitch Ratings on Friday downgraded JPMorgan Chase & Co. (NYSE: JPM), which just revealed at least $2 billion in losses on questionable trading. The downgrade came on the same day that a U.S. senator called for a Congressional probe of the giant bank and the head of the Securities and Exchange Commission confirmed that her agents are eyeing the money center's hedging activity.
A trader works in the J.P. Morgan stall on floor of the New York Stock Exchange, September 14, 2009.

SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent

U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.

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