JPMorgan, government set terms for $4 billion piece of $13 billion deal
NEW YORK (Reuters) – JPMorgan Chase & Co and U.S. government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank’s liability to government agencies over mortgage securities, according to a person familiar with the matter.
Icahn warns stock market could face ‘big drop’
(Reuters) – Activist investor Carl Icahn on Monday said there was a chance the stock market could suffer a big decline, saying valuations are rich and earnings at many companies are fueled more by low borrowing costs than management’s efforts to boost …
Dow, S&P pull back from records after Icahn’s caution
NEW YORK (Reuters) – The S&P 500 and the Nasdaq ended lower on Monday while the Dow failed to close above its milestone level of 16,000 as stocks sold off late in the session following Carl Icahn’s cautious comments on the equities market.
Insider trading conviction of Galleon’s Rajaratnam stands
NEW YORK (Reuters) – A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government’s wide-ranging probe into insider t…
Exclusive: TriArtisan Partners in lead to buy Carl’s Jr. chain owner – sources
NEW YORK (Reuters) – TriArtisan Capital Partners is in the lead to acquire CKE Inc, the restaurant group that owns the Carl’s Jr. and Hardees fast food chains, in a deal approaching $2 billion, according to people familiar with the matter.
Union infighting may complicate Washington state effort to win 777 work
OLYMPIA, Washington (Reuters) – The leader of Boeing Co’s main union in Washington state faces a revolt that could complicate efforts to bring the new 777 jetliner to the Seattle area, as the airplane maker moves to consider alternative buildings sites…
Greece’s Eurobank says more than 10 percent of staff take voluntary redundancy
ATHENS (Reuters) – Greece’s third-largest lender Eurobank shed more than 10 percent of its workforce through a voluntary redundancy scheme aimed at cutting costs and making it fit for privatization, an official at the bank said on Monday.
Six arrested in $45 million global cybercrime scheme
NEW YORK (Reuters) – Six people were arrested and charged on Monday for participating in a worldwide ATM heist that stole $45 million from two Middle East banks.
Madoff victims may soon get another $2.35 billion
NEW YORK (Reuters) – Thousands of victims of Bernard Madoff’s fraud, including many who have so far recovered nothing, may start pursuing an additional $2.35 billion to cover some of their losses, U.S. Attorney Preet Bharara in New York said on Monday….
Salesforce.com quarterly revenue rises to $1.08 billion
SAN FRANCISCO (Reuters) – Salesforce.com Inc on Monday said quarterly revenue rose 36 percent to $1.08 billion, narrowly beating Wall Street expectations, after sales were boosted by its June acquisition of email marketing firm ExactTarget.
