Reuters Money: Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses

Click to View in Browser 05/29/2012 Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades. Euro zone bank safety net leaves holes unplugged FRANKFURT/BRUSSELS (Reuters) - As the euro zone ponders a possible Greek exit, policymakers have not yet built a shield robust enough to prevent a bank run in one country sending others in the bloc deeper into crisis. In escape from Japan doomsday, capital takes flight TOKYO (Reuters) - Hiroshi Kosaka has an unorthodox pitch for his realty business: instead of pictures of swanky condominiums his website features Japanese debt statistics and budget meltdown scenarios usually left to credit rating agencies. Analysis: Puerto Rico bets on American tourists to repay debt (Reuters) - Americans have long been in love with Puerto Rico's high-yielding municipal bonds. Now the Caribbean island hopes they will flock to its sand, surf and spanking new resorts to help pay off massive debts. Car lenders ease credit standards and terms to spur loans (Reuters) - Lenders in the United States gave car buyers some of the easiest credit terms since the financial crisis in the first quarter as they competed to make more loans to borrowers they see as safe, a credit research company said on Tuesday. Hedge funds bet wrong on wheat, right on copper NEW YORK (Reuters) - Hedge funds and other money managers betting on a continued rally in U.S. wheat from dry weather bought close to $2 billion worth of contracts in the grain over a week before the market's tumble three days ago, trade data on Friday showed. Traders call for changes to broker reporting LONDON (Reuters) - Europe's top fund managers have called on the region's main investment banks to change how they report trades, arguing a small technical switch will enable the managers to see which brokers get the best results. U.S. post office struggles with alternative fuel delivery: Kemp LONDON (Reuters) - If any organization has the incentive and the scale to roll out a fleet of alternative vehicles, it should be the United States Postal Service (USPS). Florida toughest state on jobless benefits: nonprofit groups MIAMI (Reuters) - Florida is the stingiest state in the country when it comes to providing jobless benefits for the unemployed, two workers' rights groups argued in a complaint lodged with the U.S. Labor Department. Clock ticking on Illinois Medicaid, pension reforms (Reuters) - Facing a May 31 deadline, the Illinois General Assembly on Friday raced to pass legislation to stop the state from sinking under pension and Medicaid payments, which account for 39 percent of general fund spending. Related Video American shopper happiest in four years Buying second hand is big business Business News Wall Street to rise on China stimulus hopes, calm euro zone Home prices edge up in March: S&P The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend