J.P. Morgan Chase to cut 17,000 jobs
Wall Street Journal: Hoping to trim more than $1 billion in expenses annually the banking giant plans to cut costs and 17,000 positions by next year.
From the Wires
European horse meat causes unease in American consumers
New York Times: Horse meat has been found in more than a dozen European countries, worrying American consumers.
New home sales surge
Foxbusiness.com: New U.S. single-family home sales surged to their highest level in 4-1/2 years in January.
Yahoo bans working from home
Washingtonpost.com: The last organization you might expect to stop its workers from telecommuting is a Silicon Valley tech company.
Lost continent discovered in Indian Ocean
Slate: Evidence of a vanished “microcontinent” northeast of Madagascar has been published in a scientific paper by an international research team.
Grants Pass residents film UFO
International Business Times: Two Grants Pass residents recorded an unidentified flying object over Oregon the same day as the Russian meteor blast.
High school graduation rate soars
Reuters: The U.S. is on track to reach a 90 percent graduation rate by 2020.
San Quentin inmates catch startup fever
Reuters: California prison houses growing number of wannabe tech entrepreneurs.
Thin snowpack in much of West portends continued drought
New York Times: After last year’s extreme drought and destructive wildfires, Western farmers and ranchers hoped for heavy snows this winter, but so far they have been disappointed.
Pepsi vanishes in Thailand
Reuters.com: The day after PepsiCo Inc’s bottling deal in Thailand expired, its partner of 59 years launched its own soft drink that has knocked Pepsi off store shelves.