US regulators press JPMorgan Chase & Co for at least USD 6 billion to settle lawsuits- source

A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.


Proposals to overhaul US tax system put corporate tax breaks at risk

Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.

Property expert calls out possible property market bubble burst in Dubai

propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.

T. Rowe Price bans American Airlines employees from trading funds in retirement plans

T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.


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As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Asset managers questioned the sufficiency of the communications efforts undertaken by Nasdaq when trading halts during technological crisis.
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
An anonymouse bourse official of the Mexican bourse told Reuters that the bourse canceled Minera Frisco's trades in the last 10 minutes of trading today as the share price spike was caused by a computer glitch.
Fidelity & Guaranty Life had sought to raise USD1 billion through an initial public offering said people involved in the planning process.
According to a top Indian government official, Walmart's plans of getting into the country's multi-brand segment could be at its final stage.
Richard Perry's fund, Perry Corp. had increased its holdings in JC Penney Corp. by adding 3 million shares in the stake it already owns in the retailer.
Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
Arturo Elias, Carlos Slim's chief spokesman said America Movil had no intentions of raising its offered bid for the remaining stake of KPN.
A US judge had granted the request of American Airlines and US Airways for an earlier trial against the US Justice Department that intends to block the two companies' planned USD11 billion deal.
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