Tesla no longer owns the federal government a dime. On Wednesday the company announced it had repaid the outsanding balance of $451.8 million, with interest, on its 2009 Advanced Technology Vehicle Manufacturing loan from the Department of Defense. That means taxpayers earned a very, very small $12 million profit on the loan.
Things just went from bad to worse for JP Morgan Chase. Losing $2 billion is bad enough, but now it turns out the SEC is looking into the bank's trading practices as possible "civil violations" in addition to the "egregious mistakes" CEO Jamie Dimon has already conceded.
It just took one phone call but the career of Jamie Dimon "the King of Wall Street" and CEO of JP Morgan Chase is on the line.
Wouldn't you throw one too if, say, you had to hear how much "fun" Anders Breivilk had when he killed your loved ones?
JPMorgan Chase revealed in a late-day SEC filing on Thursday that it's lost $2 billion due to some reckless trading of synthetic credit securities.
The odd thing about the news that the United States Postal Service will soon ban overseas shipments of iPads, Kindles, or similar electronics with lithium batteries is how little a splash it seems to be making among electronics fans.
Here's a little lesson on austerity measures. The unemployment rate -- the economic indicator President Obama's most maligned for -- might be a lot lower had the president been allowed to keep government payrolls up like he wanted to.
Delta Airlines has taken some criticism for pulling their ads from The Daily Show with Jon Stewart after the Catholic League protested a coy image of woman with her legs spread, but a Delta spokeperson told The Atlantic Wire Thursday the decision wasn't pegged to the Catholic League's campaign.
It's been almost four years since the United States posted a monthly budget surplus, so we should be celebrating that it did so in April, right?
Jonah Goldberg had a tough enough time on Wednesday when MSNBC.com took him to task for falsely portraying himself as a Pulitzer Prize nominee, but that was a glancing blow compared to Alex Pareene's full-body Goldberg takedown in Salon.
Sotheby's $266.6 million contemporary art auction in New York Wednesday night would have made a much bigger splash if it hadn't come a day after Christie's $388.5 million night set a record in the field.
Time Magazine really swung for the fences with its May 21st cover.
Did you get up at 4 a.m. today? And are you THIS EXCITED for today's initial unemployment claims figures? Or do you want to read about someone who is? Meet Business Insider's Joe Weisenthal.
At a time when websites are valued in the tens of billions of dollars and banks are rushing to make new companies public, Etsy is a uniquely level-headed startup.
A contemporary art auction at Christie's in New York Tuesday night exceeded the highest estimate of $330 million, bringing in a whopping $388.5 million and firmly establishing a new contemporary art boom that looks suspiciously familiar.
Even after the first daily-deals bubble exploded, ending with Groupon's less than stellar IPO, we're seeing a resurgence in the once-trendy Internet money making scheme.
MSNBC.com's Bill Dedman clearly had a lot of fun debunking conservative commentator Jonah Goldberg's claim on his latest book jacket that he'd been twice nominated for a Pulitzer Prize.
After two days on the road, Facebook leader Mark Zuckerberg has not impressed investors with his business savvy, when that's just what he should be doing.
Sarah Lacy of PandoDaily reports that AOL is looking to unload two of its signature blog properties, Engadget and TechCrunch, after a year of messy public fights over their leadership.
When you've spent seven years building up the blog of a famous left-leaning think tank, maybe the only place it makes sense for you to go next is the office of a famous left-leaning politician.
New York 's Transportation Department and Citibank jointly introduced their bike share program Monday, but rather than drool over the shiny blue bikes, journalists focused on the prices, which some thought to be too high, but some of their arguments ignored or undersold the way cities intend people to use the bike share system.
Based on accounts we've seen, the first stop on Facebook's IPO roadshow was a hectic event.
The editor of The Root tells us how the Internet has changed media aimed at African Americans.
Brian Stelter at The New York Times reports that the ratings for 60 Minutes have been fantastic this year, partly because of a youth movement in the show's talent. But perhaps it's the show itself that got younger?
In one of the more disturbing things you'll hear from someone in charge of one America's best papers, it appears that Washington Post President Steve Hills has a solution to the paper's circulation problems: more slideshows.
In its bid to gain a competitive advantage over network rivals NBC and Fox, ABC News is launching an English-language cable channel targeting Hispanic Americans.
Floyd Mayweather lived up to his nickname. The boxer, who sometimes goes by "Money" Mayweather, made $32 million in guaranteed money for his fight against Miguel Cotto last night.
At the annual shareholder's meeting for Berkshire Hathaway on Saturday, Warren Buffett and his business partner, Charlie Munger, both said they won't be investing in Facebook when the tech company finally releases its IPO.
General Mills recruited the Pillsbury Dough Boy, Starbucks gave away money and Pizza Hut created more weird concoctions in this week's Social Business Index.
From what happened to one German business man, it sounds like you can actually keep some of it.
Just over a year after she was anointed queen of content, Arianna Huffington has been knocked down the ladder a couple of rungs at AOL.
Imagine getting fired for reporting the scoop that WWII had ended. Well that's exactly what happened to journalist Edward Kennedy, and it's taken The Associated Press 67 years to apologize, but he isn't alive to enjoy the vindication.
A summary of the best reads found behind the paywall of The New York Times.
The family of late NFL linebacker Junior Seau has agreed to donate his brain to researchers—possibly at Boston University— to determine what, if any, brain trauma the linebacker suffered during his 20-year NFL career.
One thing we did not expect to hear J.P. Morgan Chase CEO Jamie Dimon say is that Occupy Wall Street had "legitimate complaints," especially given that he thinks the financial industry gets victimized when it comes to placing blame for the world's problems.
It has easy-to-manipulate Web graphics, an oversimplified narrative, and hits a political hot spot: Barack Obama's new campaign tool The Life of Julia was apparently built specifically to be co-opted by right wing meme-makers.
The general election has begun! And so has the onslaught of campaign ads. Which ones succeed? Which fail? In Ad Watch, we review them as they come out. Today: Karl Rove makes a joke about Obama's new slogan, a Vermont candidate jokes about a 1984 ad, and Mitt Romney saves a teen.
Roger Ailes doesn't have any trouble getting face time with the nation's top conservative lawmakers because, conveniently, they're showing up in droves at his second floor office in the Fox News headquarters.
After a month of steady increases, the initial weekly number of people applying for unemployment benefits finally fell again on Thursday, to 365,000 from 392,000, a decline of 27,000.
Today: Marvel has another hit on its hands, Lifetime gets a new look, and HBO lost big.
A big 95 percent sell-off of one's stake in a company might indicate a person had some sort of scary insider information about the company's impending implosion. But from the looks of it, Apple Senior Vice President Scott Forstall made his $38.7 million deal not because he plans on leaving a doomed company.
This is why media companies have reporting standards: Presumably Reuters will be able to legally prove its claims in an April 2 story about a Greek bank's questionable property deals.
The payroll firm Automatic Data Processing likes to scoop the federal government by releasing its own set of employment data early, and this month we hope they're quite wrong, as they've predicted the smallest rise in private-sector job growth since last September.
Bank of America's plans to trim its workforce are nothing new, but the surprising thing about Tuesday's news of 2,000 layoffs in addition to the 30,000 the bank already announced is who the new cuts target: The bank's own top 1 percent of workers.
Mark Zuckerberg has been an easy target of late--from going rogue to buy Instagram to the constant privacy concerns. But we're going to put our snark aside for a moment and hope his new project aimed at promoting organ donation actually works.
HBO invites two shows back for next year, Teri Hatcher is slumming it, and E! gets an awkward new makeover.
Players: The very spat-happy ex-Adweek editor-in-chief, Vanity Fair contributor, Murdoch biographer and Newser creator Michael Wolff; The very spat-happy owner of the Dallas Mavericks, and part-time journo pundit Mark Cuban
Juan Williams on Condoleezza Rice, Bill Keller on North Korea, Shikha Dalmia on big government conservatives, Paul Krugman on youth unemployment, George Will on LBJ.
The left-leaning magazine The American Prospect needs a benefactor, and quickly: It's short in its funding, according to The Huffington Post's Michael Calderone, and needs $500,000 just to stay open past the end of May.
This week New York is running an excerpt from Jeff Himmelman's Yours in Truth, a biography of legendary Washington Post editor Ben Bradlee that's got one high profile critic—The Post's Bob Woodward—comparing the author to the master of dirty tricks.
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