A source told Reuters that JPMorgan Chase & Co was nearing a settlement deal with institutional investors that included BlackRock, Pacific Investment Management and Neuberger Berman.
Sectors
Huishang Bank Corp to do IPO in Hong Kong
The current freeze order for domestic IPOs in China forced lender Huishang Bank Corp to list its IPO in Hong Kong's index.
United Airlines fined for violations of the tarmac rule
The highest fine was imposed upon United Continental as thirteen flights went beyond the three hour tarmac rule at O'Hare International Airport last July 13, 2012.
Japan Exchange fell as profits decreased
Japan Exchange fell after expectations were unmet as major stocks pulled down the market. The biggest decline was registered with Asian stocks since August after the forecasts Canon Inc to Japan Exchange Group Inc had frustrated investors at the same time money market rates had urged in the second largest economy in the world.
Countrywide verdict a major victory for US Justice Department- report
The US Justice Department scored a major win when a New York federal jury found the Countrywide unit of Bank of America guilty for mortgage fraud.
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Netflix CEO Reed Hastings said he hoped to ink a deal with Comcast and other pay television providers in the US for its streaming services.
Twitter quitters would prove to be a challenge to investors in the social media site's upcoming IPO, a report said.
Jack Lew, Secretary of the Treasury, said a government shutdown must not happen again. US Treasury Secretary Jack Lew said the US must not go through another government shutdown.
Boeing Co and Lockheed Martin Corp said they had formed an alliance to bid for the US Air Force long-range bomber program.
Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.
HP sued three optical disk drive makers for fixing the prices it bought from 2004 to 2010. Hewlett-Packard Co has filed a case against three optical disk drive manufacturers.
Provenge-maker Dendreon Corp was in the process of finding buyers, people with knowledge of the matter told Bloomberg.
Social media users love and hate Bitstrips. Bitstrips, a new smartphone application, allowed users to create cartoon versions of themselves. Users would be able to choose from over a thousand templates to create an avatar that looks like them or the people they know.
Bitstrips, a Facebook mobile application, surged in popularity among social media users. Facebook users have been seeing cartoonish images flooding their News Feed these days.
