JPM May Face Treasury Sanctions on Madoff Documents
Jan. 4 (Bloomberg) -- In "Street News," Bloomberg's Scarlet Fu reports on today's top stories including the U.S. Treasury threatens sanctions against JPMorgan in its Bernie Madoff investigation, a former top aide to Warren Buffett will not face SEC action and Google chairman Eric Schmidt will travel to North Korea despite opposition from the State Department. She speaks on Bloomberg Television's "Bloomberg Surveillance."
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Exchange Income CEO Fights Back Against Short Seller
11:11 - Exchange Income released its second-quarter results three weeks in advance in order to dispel some of the negative sentiment after short-seller Marc Cohodes targets the company. Double-digit earnings and revenue growth, however, weren’t enough to soothe investors. CEO Mike Pyle joins Bloomberg TV Canada's Lily Jamali to defend his company from short sellers' claims. (Source: Bloomberg)