JPMorgan to pay $100 million to settle with CFTC on Whale trades -reports
(Reuters) – JPMorgan Chase & Co has reached an agreement with the Commodity Futures Trading Commission to pay $100 million to settle charges related to the bank’s “London Whale” trading scandal, according to media reports.
Jury to begin deliberations in Mark Cuban insider trading trial
DALLAS (Reuters) – Jury deliberations begin on Wednesday to decide whether Dallas Mavericks basketball team owner Mark Cuban engaged in insider trading when he sold his stake in an Internet search firm in June, 2004.
Twitter picks NYSE for IPO even as losses widen
SAN FRANCISCO (Reuters) – Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year’s most anticipated IPOs.
Yahoo net revenue down slightly in third quarter
SAN FRANCISCO (Reuters) – Yahoo Inc’s net revenue dipped slightly in the third quarter as prices for its display ads remained under pressure.
Measured praise from U.S. senators on Irish tax loophole change
(Reuters) – Two senior U.S. senators on Tuesday lauded Ireland for its decision to close a loophole used by Apple Inc to shelter over $40 billion from taxation, but stressed questions linger about Dublin’s role in corporate tax dodging.
JPMorgan to pay $100 million to settle with CFTC on Whale trades: reports
(Reuters) – JPMorgan Chase & Co has reached an agreement with the Commodity Futures Trading Commission to pay $100 million to settle charges related to the bank’s “London Whale” trading scandal, according to media reports.
Intel reports mixed quarter, delays cutting-edge chip
SAN FRANCISCO (Reuters) – Intel Corp’s third-quarter results modestly beat expectations on Tuesday, but its current-quarter revenue outlook fell short and it warned that production of its upcoming Broadwell processors was delayed.
Fitch warns it may cut U.S. credit rating from AAA
NEW YORK (Reuters) – Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the political brinkmanship over raising the federal debt ceiling.
Ex-Countrywide executive denies fraud at BofA trial over mortgages
NEW YORK (Reuters) – A former executive of Bank of America’s Countrywide unit told a federal jury on Tuesday that she did not knowingly sell toxic mortgages to Fannie Mae and Freddie Mac in the run-up to the financial crisis.
Wal-Mart predicts sales will grow faster next year
(Reuters) – Wal-Mart Stores Inc expects slightly stronger sales growth next year as it makes changes such as opening more smaller U.S. stores and shutting 50 poorly performing stores in Brazil and China, executives said on Tuesday.
