Financial Times - US homepage 6/14

Financial Times - US homepage

Bernanke hits out at debt ceiling impasse

Fed chairman lashes out at battle over a rise in the federal debt limit, calling it the ‘wrong tool’ to force changes in fiscal policy http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/UUNXNC/OS/h?a1=2011&a2=6&a3=14

Apple retail head to lead JC Penney

JC Penney shares surged after the company announced it had hired Apple’s head of retail as its next chief executive http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/YH1I16/OS/h?a1=2011&a2=6&a3=14

Pandora prices IPO well above range

Pandora, the streaming music web site, has seen strong demand for its initial public offering despite concerns about the viability of its business model http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/26BSBW/OS/h?a1=2011&a2=6&a3=14

JPMorgan in shake-up of senior management

JPMorgan Chase has reshuffled its senior management team, reassigning a key member of chief executive Jamie Dimon’s inner circle http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/IYXOXR/OS/h?a1=2011&a2=6&a3=14

Officials press Citi for info on hacking attack

Authorities in the US are demanding information from Citigroup about its security in the wake of a hacking attack affecting hundreds of thousands of credit card holders http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/ZBLEL2/OS/h?a1=2011&a2=6&a3=14

Demand slowing in China, says Glencore

World’s largest commodities trader warns of short-term slowdown in demand from the two biggest consumers of raw materials http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/C5ZTZ9/OS/h?a1=2011&a2=6&a3=14

Faster troop reduction in Afghanistan urged

Dozens of US senators, most of them Democrats, have asked President Barack Obama to announce a ‘sizeable and sustained reduction’ of US military forces in Afghanistan beginning next month http://link.ft.com/r/CTBPCC/16G4A7/FXWIVG/PREPMB/OJQZQU/OS/h?a1=2011&a2=6&a3=14