IN BRIEF
PITTSBURGH — Officials at the Rivers Casino in Pittsburgh are set to meet with a black city councilwoman who has fielded claims of racism from constituents.
Councilwoman Amanda Green Hawkins has sent a letter to the casino's general manager, asking him to explain why events aimed at black customers have allegedly been canceled, ended prematurely or charged more than other customers.
Casino spokesman Jack Horner said the casino has already scheduled a personal meeting between Hawkins and casino general manager Craig Clark “to address any misunderstanding, and to correct the record.”
WASHINGTON — Falling energy prices kept a lid on U.S. wholesale inflation in July after a jump in gasoline boosted prices in June. The Labor Department reported Wednesday that wholesale prices showed no change last month compared with June, when they rose 0.8 percent. That was the most in nine months.Energy costs fell 0.2 percent, after June's 2.9 percent surge. Gasoline prices dropped 0.8 percent, and natural gas costs slid 3.9 percent.
NEW YORK — Two former JPMorgan Chase traders falsified bank records to try to cover up trading losses that were spiraling out of control, prosecutors said Wednesday in a criminal case that raises fresh questions about whether Wall Street learned its lessons from the 2008 financial crisis.Javier Martin-Artajo, 49, and Julien Grout, 35, and their co-conspirators were accused of marking up the market value of an investment portfolio to hide the fact that it was plummeting in value. The portfolio eventually sank into an eye-popping $6 billion loss attributed to Bruno Iksil, a trader who became known as the “London Whale” for his location and the supersized bets he made.
