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JPMorgan returns to profitability -
October 15, 2014 by
Mr HomeBuilder
NEW YORK (CNNMoney)
The nation's largest bank by assets bank reported a $5.6 billion profit in the three months that ended in September. It's notable considering the bank has been dogged in recent months by a cyber attack on its accounts, a CEO undergoing cancer treatment and ongoing legal costs related to the financial crisis.
This time last year the bank reported a rare loss due to $9.3 billion it set aside for legal expenses at that time. JPMorgan (JPM) eventually finalized a $13 billion settlement for selling mortgages ahead of the financial crisis.
Related: Elizabeth Warren wants to probe if Fed is too close to big banks
Despite the better news this autumn, the bank's earnings came in slightly below Wall Street forecasts and shares of JPMorgan fell 1% in morning trading.
The bank's earnings were posted on a website hours before they were meant to be released. A JPMorgan spokesman blamed shareholder.com, a third-party vendor that posts earnings to the site, for the snafu.
"While challenges remain in the global economic recovery, the U.S. economy is an exception, showing signs of steady improvement," said Chairman and CEO Jamie Dimon in the earnings release. "Corporate America is in good shape with strong balance sheets and employment trends continue to be positive."
Jamie Dimon is full steam ahead: Dimon himself has been a key focus on the bank's shareholders. He underwent treatment for throat cancer this summer, and just last week he made his first public appearance since finishing his regime.
" I never stopped working, though I did take care of myself, get a lot of rest," Dimon said on a conference call with media Tuesday. " I'm starting to build back my schedule. But I feel good and I'm happy the treatments are over."
Related: Want a job on Wall Street? Go to UPenn or Georgetown
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JPMorgan returns to profitability
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Nurses at a Texas hospital where a Liberian man died of Ebola described a confused and chaotic response to his arrival in the emergency room, alleging in a statement Tuesday that he languished for hours in a room with other patients and that hospital authorities resisted isolating him.
UPDATE: Second healthcare worker tests positive for Ebola
In addition, they said, the nurses tending him had flimsy protective gear and no proper training from hospital administrators in handling such a patient.
The allegations, made under unusual circumstances, provided the first detailed portrait of Thomas Eric Duncan's second trip to the emergency room, where he arrived by ambulance days after doctors had sent him home with a fever, a headache, abdominal pain and a prescription for antibiotics.
Tuesday's claims came during a conference call with reporters in which none of the nurses from Texas Health Presbyterian Hospital spoke or was identified to reporters. A statement outlining a litany of damning assertions was read by Deborah Burger, co-president of National Nurses United. The Oakland-based nurses union does not represent the Dallas nurses, who are nonunionized, but has been vocal about what it says are hospitals' failures to prepare for Ebola.
The Dallas nurses asked the union to read their statement so they could air complaints anonymously and without fear of losing their jobs, National Nurses United Executive Director RoseAnn DeMoro said from Oakland. DeMoro refused to say how many nurses signed off on the letter or how many were on the media call, but she said all of them worked at Texas Health Presbyterian and had been involved in Duncan's care or had direct knowledge of what had occurred after he arrived by ambulance Sept. 28.
They were spurred to speak out after their colleague Nina Pham, a 26-year-old registered nurse, contracted Ebola while treating Duncan, according to DeMoro. She said the nurses were angered over what they perceived to be health officials' suggestions that Pham made a mistake that led to her exposure to the virus, which is believed to have killed more than 4,400 people in West Africa.
The nurses' statement alleged that when Duncan was brought to Texas Health Presbyterian by ambulance with Ebola-like symptoms, he was left for several hours, not in isolation, in an area where up to seven other patients were. Subsequently, a nurse supervisor arrived and demanded that he be moved to an isolation unit, yet faced stiff resistance from other hospital authorities, they alleged.
Duncan's lab samples were sent through the usual hospital tube system without being specifically sealed and hand-delivered. The result is that the entire tube system was potentially contaminated, they said.
The statement described a hospital with no clear rules on how to handle Ebola patients, despite months of alerts from the U.S. Centers for Disease Control and Prevention in Atlanta about the possibility of Ebola coming to the United States.
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Nurses at Dallas hospital describe poor safety measures with Ebola victim
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Lynchburg, VA- Lynchburg City Council will vote Tuesday night on the naming of the Lynchburg Public Library's new story time room.
The plan is to name it the "Lynn Dodge Story Time Room" after Lynn Dodge who spent close to 40 years working at the Lynchburg Public Library.
In her retirement, she gave a donation of more than a hundred thousand dollars for the new room.
Other donors include St. John's Episcopal Church, Friends of the Library, Liberty University and the Greater Lynchburg Community Trust.
Dodge says it's a community wide effort.
"I'm glad I was able to help because it's just a true honor because I just believe so much in the power of reading, and the power of succeeding in life because you can read comfortably," said Dodge.
Construction for the new addition should be complete by the end of the year.
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Council To Vote On Naming Story Time Room
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By: Robert Roofer
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Concrete Roof Tile Restoration Adelaide - Phone AdelaideRoofRepairscom now at 08) 7100 1655 - Video
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Ganache Ptisseriehas openedtheir seating area beside the bakery where you can sit down and enjoy their traditional french pasties.
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Restaurantconstruction.ca - Restaurant Design / Build ...
BUTLER TWP. The township supervisors took action that could lead to the reconstruction of Damentis Restaurant, formerly located along state Route 309. The restaurant was destroyed by fire during the winter of 2014.
Acting on a recommendation by the townships engineering firm, RJD Engineering Inc. of Hazleton, the supervisors Tuesday night gave approval to a resolution stipulating a lot consolidation at the site, consolidating two parcels bounded by South Main Road to the west and North Hunter Highway to the east into one.
Solicitor Don Karpowich said the matter is considered a step in the process of Kevin and Helen McDonald, restaurant owners, to under take a building project.
Neither Kevin nor Helen McDonald were available for comment.
Reach the Times Leader newsroom at 570 829-7242 or on Twitter @TLnews.
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Resolution is step toward construction project at site of Damentis Restaurant
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By Mengqi Jiang | Published 10/14/14 12:45am
A restaurant specializing in the classic comfort food pairing of grilled cheese sandwiches and tomato soup will soon be coming to downtown Carrboro.
Tom+Chee, which originated in Cincinnati, is set to make Carrboro its first restaurant location in North Carolina. Trew Quackenbush, co-founder of the restaurant chain, said it will likely open in early 2015.
Executives at Tom+Chee decided early this year to make Carrboro one of the companys next locations for expansion, said Laurie Paolicelli, director of the Chapel Hill and Orange County Visitors Bureau.
The Carrboro location will be one of 13 new restaurants the chain plans to open nationally in spring 2015, she said.
Quackenbush said that the restaurant is currently under construction at Carrboros 370 E. Main St.
Tom+Chee already has other locations near universities, including the University of Louisville and Michigan State University, he said.
Quackenbush said he thinks being close to universities attracts more business to the restaurant.
Because there is a college, many people from outside of the state or other places in the state are going to come there and see that college and see Tom+Chee, he said. There are several college towns lined up.
Tom+Chee will also open restaurants near Ohio State University and the University of Michigan around the same time it launches its Carrboro location, Quackenbush said.
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Budget a step in the right direction -
October 15, 2014 by
Mr HomeBuilder
Three businessmen give their views on Budget 2015.
Bar and restaurant director
Corporation Tax Our businesses, especially the restaurants, are heavily dependent on corporate business, a lot of which comes from the large multinationals. While I felt it was unlikely to change in this budget, it was good to see no change was even hinted at, especially in light of international pressure. Cork people still talk about the effect on the city when Fords and Dunlops closed I feel anything that jeopardised the likes of Apple or the pharmaceutical industries would be equally disastrous for the area.
Vat Rate We have been fortunate to be in a sector where affirmative action by the Government in dropping the Vat rate to 9% on food sales has resulted in a growth in business. In Electric, for example, we saw food sales rise by 30% this year which has had a knock-on effect on our suppliers. Our main food suppliers are quality local butchers, dairy businesses, and local vegetable suppliers who have all been able to weather the recession. Wage rates in Electric and the restaurant industry generally have gone up over the last year and we have been fortunate as we never had to put staff on shortened hours or reduced their rates. The reduction in Vat enabled us to commit to pay above minimum wage to all permanent employees.
The bar trade stands in stark contrast to this and with previous increases in Vat and excise duty our bar trade has not grown at all this year, and many of our colleagues have seen their trade contract.
The 9% Vat also applies to hotels and has helped Cork hotels remain competitive with other destinations. Cork is thriving as a tourist destination and this is in no small part due to this.
Income Tax/USC We are dependent on the disposable income in our customers pockets. While I was disappointed not to see more significant tax cuts and reliefs, it is a step in the right direction. People need stability before confidence returns and spending increases in that regards this budget has delivered.
Green shoots are beginning to turn into tangible positives like jobs and wage increases. Confidence is returning and while people are still cautious, they are willing to spend on a quality offering. We expanded into Dublin this year and would not have done so unless we felt that the economy was on an upward curve. I hope we are right!
CEO, BAM
Its encouraging that after several years of austerity budgets we seem to be turning a corner in terms of the measures introduced in Budget 2015.
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Budget a step in the right direction
Feazel #39;s Greater Cincinnati Kitchen, Bath and Remodeling Show Grand Prize Winner
Congratulations to Greg Fischer for being selected as Feazel #39;s grand prize winner. Greg will receive an iPad Air, compliments of Columbus and Cincinnati Roofing Company Feazel. Thank you to...
By: FeazelInc
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Feazel's Greater Cincinnati Kitchen, Bath and Remodeling Show Grand Prize Winner - Video
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