Insider trading trial of SAC’s Martoma delayed to January
NEW YORK (Reuters) – A federal judge on Tuesday pushed back the insider trading trial of former SAC Capital Advisors portfolio manager Mathew Martoma to January 6.
JPMorgan in talks to settle mortgage probes: source
NEW YORK (Reuters) – JPMorgan Chase & Co, facing several investigations into its mortgage practices, is seeking a global settlement with U.S. government authorities in multiple jurisdictions, a person familiar with the matter said on Tuesday.
JPMorgan, U.S. Justice Department in ‘fluid’ talks to settle probes: WSJ
(Reuters) – JPMorgan Chase & Co and the U.S. Department of Justice are in ‘fluid’ talks to settle multiple probes of the company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Penney to hire 35,000 holiday season workers, on par with 2011
(Reuters) – J.C. Penney Co Inc plans to hire about 35,000 temporary workers for the coming holiday season, roughly the same level as in 2011, before it changed its pricing strategy and did away with most coupons and sales events, a spokeswoman said on …
AIG CEO apologizes for comments equating bonus criticism and lynching
NEW YORK (Reuters) – The head of insurer American International Group apologized for a “poor choice of words” on Tuesday after coming under fire for equating criticism of banker bonuses with the lynching of African-Americans in the Deep South.
BlackBerry executives sold newly vested stock on day of warning
TORONTO (Reuters) – Top BlackBerry executives sold small blocks of the company’s stock on the day that the smartphone maker warned of a huge quarterly operating loss and massive job cuts, according to Canadian regulatory filings.
Chinese launch seen for regional version of Airbus A330
PARIS (Reuters) – Airbus will launch a short-range “Regional” version of its best-selling A330 wide-bodied jet at an airshow in China on Wednesday, industry sources said.
Intesa faces management struggle between CEO, board member: sources
MILAN (Reuters) – Italy’s biggest retail bank, Intesa Sanpaolo , is in the midst of a management struggle between its chief executive and a board member backed by an important shareholder, people close to the matter told Reuters on Tuesday.
Panasonic Automotive executive indicted for price-fixing
WASHINGTON (Reuters) – An executive with Panasonic Automotive Systems Corp was indicted on Tuesday on charges that he conspired to fix the prices of steering wheel switches and other parts sold to Toyota Motor Corp for cars sold in the United States, t…
Barrick in talks on further asset sales, no spin-offs
DENVER (Reuters) – Barrick Gold Corp , whose shares have been beaten down in recent months by a series of writedowns and project delays, is in talks on further asset sales, with the focus on divesting smaller, higher-cost mines, Chief Executive Jamie S…
