National AM Buzz: Investment Blunder Continues at JP Morgan Chase, Ron Paul to Stop Campaigning in GOP Presidential Race
By: NBC News, CNN News, KARK 4 Today
Updated: May 15, 2012
More heads are expected to roll this morning as JP Morgan Chase leaders face shareholders at their annual meeting today.
The Chief Investment Officer is retiring after the investment blunder.
Ina Drew will leave after more than 30 years at the company.
Drew oversaw the trading group responsible for a $2 billion trading loss.
A senior JP Morgan official says Drew tried to resign several times before the loss was made public.
Ron Paul to Stop Campaigning in GOP Presidential Race
Republican presidential candidate Ron Paul says he's going to end active campaigning, but that does not mean he's suspending his campaign, despite trailing far behind presumptive Republican nominee Mitt Romney.
Paul says he plans to continue to try to get delegates for the Republican Convention in August when the party formally picks its presidential nominee.
Holiday Travel Forecast Released
The Memorial Day travel forecast will be released today.
AAA releases its annual Memorial Day holiday weekend travel forecast at Reagan National Airport in Northern Virginia today.
It's the organization's first forecast for the year and should show how gas prices will impact travel for the holiday weekend.


