Business News

 »  JPMorgan's 'London Whale' trader is leaving
The JPMorgan Chase trader based in London who is at the center of the bank's recently announced $2 billion losses is leaving the bank, colleagues said.
 »  Delinquent mortgage loans drop
The delinquency rate for U.S. mortgage contracts dropped to 7.4 percent at the end of the first quarter of 2012, a national trade group said.
 »  Smiles and frowns over defense deals
There are smiles and frowns this week over contracts gained and contracts lost by Europe's defense equipment manufacturers.
 »  Early stock gains fading Wednesday
U.S. stock market gains were fading Wednesday as worries over the Greek economy continue to shake investor confidence.
 »  UPI NewsTrack Business
Early stock gains fading Wednesday ... Canadian manufacturing sales advance ... Home construction starts rose in April ... Eurozone CPI at 2.6 percent ... News from United Press International.
 »  EU presses Kiev on Tymoshenko case
Kiev is expected to take seriously calls to step back from its selective use of justice and politically motivated trials, a European leader said.
 »  General Dynamics to provide communications support
General Dynamics Advanced Information Systems has been contracted by the U.S. Department of Homeland Security for communications support.
 »  Record low rates push mortgage activity up
The Mortgage Bankers Association said U.S. mortgage activity rose 9.2 percent in the week ended Friday with interest rates hitting record lows.
 »  Eurozone CPI at 2.6 percent
The 12-month consumer price index in the 17-member eurozone rose 2.6 percent in April, the European Union's data office said Wednesday.
 »  Mozambique gas find hikes East Africa boom
Mozambique's drive to become a major natural gas producer got a major boost last week with the discovery of a large offshore field in the Indian Ocean containing an estimated 20 trillion cubic feet.
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