Friday,  July 13, 2012 • Vol. 12--No. 365 • 29 of 32 •  Other Editions

(Continued from page 28)

while attempting to walk from Boulder, Utah, to Page, Ariz., a distance of approximately 90 miles or more by the route he appeared to be taking.
• The Garfield County Sheriff's Department estimated he had traveled about 40 miles over at least three weeks before he was found Thursday.
• "It is some of the most rugged, unforgiving terrain you will find anywhere on Earth, jagged cliffs, stone ledges, sandstone, sagebrush, juniper," sheriff's spokeswoman Becki Bronson said in a telephone interview.
• "Where William was hiking, there just isn't anyone out there," she said. "There are no people. There are no towns."
• ___

JPMorgan CEO will try to provide clarity over trading loss, restore trust at investor meeting

• NEW YORK (AP) -- Just three months ago, JPMorgan Chase was viewed as the top American bank, led by the steady hand of veteran CEO Jamie Dimon.
• In the last couple of months that stellar reputation has eroded, with Dimon appearing before Congress twice to explain a $2 billion trading loss, which could be growing. Several government agencies have also launched investigations.
• On Friday morning, Dimon will appear before Wall Street analysts to apprise them of the size of the loss and what he has done to protect the bank from a similar kind of loss happening again. A lot rides on his ability to restore trust in the bank and calm angry investors who feel betrayed at being misled just three months ago, when Dimon characterized the losses as a "tempest in a teapot."
• The surprise loss, which was disclosed May 10, has come to symbolize much more than a line item on an earnings report. It has become a glaring example of how large banks can incur huge losses by taking risky bets that can jeopardize the global financial system. Coming just four years after the 2008 financial crisis, its significance wasn't lost on members of Congress, the American public, or on investors.
• JPMorgan has lost about 15 percent of its in market value since the loss came to light.
• ___

Tyler's exit from 'American Idol' could be start of upheaval for aging show; who's next?

• LOS ANGELES (AP) -- "American Idol" is on the brink of an adolescent identity crisis.

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