The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Long seen as one of the most careful banks on Wall Street, JPMorgan Chase & Co on Wednesday drew back a curtain on a rare breakdown, showing traders acting on their own and concealing losses while managers seemingly turned a blind eye. In a 129-page internal report dissecting a bad bet on credit derivatives that cost the bank more than $6 billion, the bank confessed, in painstaking detail, to widespread "failures." ()* The Federal Aviation Administration said on Wednesday it was grounding all Boeing Co 787s operated by United States carriers until it can determine what caused a new type of battery to catch fire on two planes in nine days. ()
The Boeing Company (Boeing) is an aerospace company. Shares of BA fell by 3.38% or $-2.6/share to $74.34. In the past year, the shares have traded as low as $66.82 and as high as $78.02. On average, 5475110 shares of BA exchange hands on a given day and today's volume is recorded at 18211992.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 1.01% or $0.47/share to $46.82. In the past year, the shares have traded as low as $30.83 and as high as $46.83. On average, 23317300 shares of JPM exchange hands on a given day and today's volume is recorded at 43459528.
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