Just before the fourth of july. Our road map begins with jpmorgan this morning. The banks set to pay pay recordbreaking 13 billion Justice Department fine to settle lawsuits at the height of the financial crisis. The markets pointing to a mixed open after the s p closes to an alltime record high as they wave some better than expected earnings against some budget uncertainty. The stock falling in the premarket as global sales fall in sim september. Starbucks in hot water after being accused of charging china markets higher than others. Jpmorgan close to reaching a tentative settlement. Kate kelly caught up with jamie dimon as he arrived at work this morning. Good morning. Reporter this 13 billion settlement na jp organ more beg hammering out with justice. What happens in light of the settlement . I asked mr. Dimon about this just momenting as as he came into work. Here is what he said. Were going to try to resolve everything we can and then were going to move on and serve our clients. I
BERC public hearing: Since 2008, BERC started holding hearings on fixing electricity prices and natural gas rates. This ensured some sort of transparency and accountability of utility companies, and allowed the general public and consumers to look into their accounts and books, and judge their efficiency. A process was put into place where they had to apply and show the reason
Lack of accountability in energy sector: If the government itself fixes the price, will public interest be preserved? Does all this not point to a lack of transparency or accountability of the electricity generation and distribution companies?