Second JPMorgan employee jumps off skyskcraper
Bloomberg: An employee of JPMorgan Chase & Co. fell to his death in Hong Kong Tuesday, the second apparent suicide at the bank in a matter of weeks. Police said the 33-year old man jumped from the top of JPMorgan's regional headquarters in the city's central business district. In January, U.S. bank confirmed that an employee died after falling from its 33-story tower in London.
U.S. home starts down 16 percent in January; weather blamed
The New York Times: U.S. home construction fell in January for a second month, but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy. Builders started work at a seasonally adjusted annual rate of 880,000 houses, down 16 percent from December, the Commerce Department reported today.
Chicago workers to protest as pension crisis brews
CNNMoney: More than 1,000 current and retired Chicago teachers, police officers and other city workers are expected to rally at the state Capitol today to fight possible cuts to their retirement benefits amid the city's brewing pension crisis. Chicago is facing a massive spike in its annual bill for the pensions it promised current and retired workers. Next year, the city's required contribution will more than double to $1.07 billion.