Whale of a Fail at JPM, Yoga Mats: Nothing Tasty About Them and Bust Goes the Creek

JP Morgan’s not-so-good day…

Image courtesy of ddpavumba/FreeDigitalPhotos.net

Image courtesy of ddpavumba/FreeDigitalPhotos.net

JPMorgan Chase’s chaiman and CEO Jamie Dimon said, “JPMorgan Chase had a good start to the year, given there were industry-wide headwinds in Markets and Mortgage.” That’s just what I was thinking as JP Morgan is looking a little less green today after its earnings fell for the second quarter in a row. The financial giant took a massive hit this quarter over the same time last year with profits making a huge nosedive. When JPM posts lousy numbers like that, you can expect others like it to perform similarly. Experts did expect a drop from the firm. Just not that bad. But let’s face it, handing over $13 billion to the Department of Justice to settle claims about some dubious business practices is harsh even for a giant firm like JPM. Then there was that $800 million legal bill they had to pay their lawyers to handle a number of problems including the incredibly embarrassing and infamously pricey London Whale Trading Scandal. Well, at least their lawyers had a good year.

Namaste Subway

Image courtesy of satit_srihin/FreeDigitalPhotos.net

Image courtesy of satit_srihin/FreeDigitalPhotos.net

Oh the wonders of blogging! You can thank FoodBabe.com’s Vani Hari if you’re Subway sub starts tasting a little less downward doggy. The food blogger started a petition back in February to get privately held Subway to stop using an ingredient found in its bread dubbed “Yoga Mat.” Also known as azodicarbonamide, you can find it in a number of food products from markets to McDonald’s and Starbucks. But unfortunately you can also find it in your yoga mat (hence the name), not that it makes your yoga mat any more (or less) edible. By next week, Subway’s bread should be “Yoga Mat” free in just about all of its 26,600 locations.

Busted Creek…

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Coldwater Creek has run dry. The women’s retailer filed a Chapter 11 petition after failing to get a buyer for the Sandpoint, ID based company. With assets of $278.5 million and debt of $361.3 million, the chain will be shuttering its more than 360 stores by the summer. That gives you plenty of time to find some nice stuff for your mom for Mother’s Day at a fraction of the cost. But then again, seeing as how they’re bankrupt, there’s clearly a reason why you, and apparently your mother, didn’t shop at the chain to begin with. In any case, Coldwater Creek now joins the less than illustrious ranks of Loehmann’s Inc. and Sbarro’s Pizza who also went bust this year.

2 responses to “Whale of a Fail at JPM, Yoga Mats: Nothing Tasty About Them and Bust Goes the Creek

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