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Tuesday Afternoon Business Brief

June 19, 2012, 1:20 PM

Tuesday Afternoon Business Brief

Stock prices have edged higher as investors breathe easier about Greece's debt crisis after weekend elections. The Dow has been ahead about 150 points at midday, gaining 1.2 percent.

  • The leaders of the world's largest economies will say they are united behind efforts to boost growth and job creation to repair a global economy roiled by fears over the European financial crisis. That's according to a draft of the statement to be released at the end of the Group of 20 annual meeting.
  • Employers in April posted the fewest job openings in five months. The Labor Department says job openings fell to a seasonally adjusted 3.4 million in April, down from 3.7 million in March, which was the highest figure in nearly four years.
  • JPMorgan Chase CEO Jamie Dimon tells a House panel that the bank did its best to quickly inform investors about its risk strategy related to a $2 billion-plus trading loss. Appearing before the House Financial Services Committee, Dimon said the bank trusted its methods for assessing risk and that the models used provided the best information at the time.
  • The mayor of Cambridge, Massachusetts has proposed limiting the size of soda and sugar-sweetened beverages sold in city restaurants, saying she was inspired by a similar measure in New York City. Mayor Henrietta Davis has asked city health officials to research her proposal and make a recommendation on limiting beverage sizes. The city, adjacent to Boston, is home to Harvard and MIT.

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