A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.

Italian prosecutors said that JP Morgan should be indicted after manipulating markets and falsifying documents when it took over Banca Antonveneta last 2008.

The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.

A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.

The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.

In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.

Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.

Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.

The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.

History showed greater economic performance after a shutdown, but there are many issues after that which need action from government.