JPMorgan Negotiates with FERC to End Manipulation Claims and 2 Dow Movers to Watch

JPMorgan Chase & Co. (NYSE:JPM): Current price $56.23

Jamie Dimon’s big bank and U.S. energy regulators are in talks to avert what could be their biggest fine ever, regarding claims that the bank’s power trading division manipulated electricity markets in California and Michigan, say media reports. JPMorgan and the Federal Energy Regulatory Commission are discussing a resolution that could cost the firm hundreds of millions of dollars, according to The Wall Street Journal. Included in the talks is a fine near $1 billion, but that number has shrunk as the discussion progresses, said the newspaper. Meanwhile, The New York Times provided a figure close to $500 million. For its part, JPMorgan has denied the allegations, but the advent of the talks indicate a shift in its strategy, implying that the bank is thinking of a settlement rather than move to a lengthy process to defend itself in court against the claims.

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The Travelers Companies, Inc. (NYSE:TRV): Current price $84.30

Travelers Institute, which is the public policy division of the New England Council, worldwide operator of financial markets, and provider of innovative trading technology NYSE Euronext, on Thursday co-hosted a symposium entitled Small Business – Big Opportunity in Boston. Small Business – Big Opportunity forms part of a multi-year project, which has conducted events in major markets throughout the United States, including Atlanta, Los Angeles, Dallas, and New York, all targeted at advocating the importance of small businesses to economic growth, job creation and the American opportunity.

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General Electric Co. (NYSE:GE): Current price $23.79

GE Capital and Slate’s Roadshow for Growth appeared in Charlotte, North Carolina on Thursday, as part of a six month, 20 city tour that will address the challenges and opportunities that middle market businesses face, a sector that brings in $9 trillion in annual revenue in the U.S., and comprises almost 34 percent of  total domestic employment. New research released on Thursday by the National Center for the Middle Market indicated that mid-sized companies in the Charlotte area make up only 1 percent of total businesses, but generate 16 percent of  total revenue, and account for 20 percent of Charlotte’s employment. Traveling in a branded bus, GE Capital and Slate’s Roadshow for Growth set out for Kansas City in May, and has traveled to cities such as St. Louis, Chicago, Detroit, and Cleveland.

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