JPMorgan in $5.1 billion deal with housing agency
(Reuters) – JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.
GE drops legal fight over running tar sands megaloads on Idaho highway
SALMON, Idaho (Reuters) – A General Electric Co subsidiary has dropped its appeal of a federal court order barring a massive shipment of tar sands oil-field equipment from being trucked along a scenic Idaho roadway that cuts through the Indian homeland…
U.S. judge narrows Dubai bank claims versus ING over investment losses
NEW YORK (Reuters) – A U.S. judge on Friday narrowed Mashreq PSC’s claims in a lawsuit that alleged ING Groep NV lost more than $40 million of the Dubai bank’s money by investing it in “toxic” securities.
Man fired for aiding woman rejects Wal-Mart offer to hire him back
(Reuters) – A Michigan man rejected an offer from Wal-Mart Stores Inc to rehire him after he was fired for helping a woman who was being attacked in the store parking lot during his meal break.
ThyssenKrupp could set up steel processing in Brazil: report
FRANKFURT (Reuters) – Germany’s ThyssenKrupp could seek a partner to set up steel processing in Brazil if it fails to sell its steel mill in the Latin American country, the Wall Street Journal Deutschland reported, citing sources.
JPMorgan in $5.1 billion deal with housing agency
(Reuters) – JPMorgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom.
SEC’s Aguilar: hold exchange executives accountable for failures
WASHINGTON (Reuters) – A proposal that would require stock exchanges to be better equipped to handle market disruptions does not go far enough to hold senior officials accountable for failures, Securities and Exchange Commission member Luis Aguilar sai…
Pentagon wants F-35 contractor accountability as it weighs output boost
WASHINGTON (Reuters) – The Pentagon’s chief arms buyer wants details on how Lockheed Martin Corp and other companies will be held accountable for the quality and reliability of the F-35 fighter jet as he considers whether to approve an increase in the …
Boeing, Lockheed team up to bid on new U.S. bomber program
WASHINGTON (Reuters) – Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.
Analysis: Apple, Facebook options reflect hopes for stock gains
(Reuters) – The options market is reflecting a higher probability of large upside moves in Apple Inc and Facebook Inc stock when both companies report quarterly earnings next week.
