JPMorgan is nearing settlement of a suit filed by FHFA for mortgage related securities fraud. JPMorgan Chase & Co had reached a tentative agreement for the settlement of USD4 billion with the Federal Housing Finance Agency.
Investors
British court starts Libor hearings this week
A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
3D printer Voxeljet shares jump after German bourse debut
Voxeljet, whose technology was used to design Aston Martin cars for the James Bond film "Skyfall", traded as high as USD29.06 from its initial USD13 per share price after its debut on the German stock exchange.
NBC cancels two fall shows
NBC had cancelled "Welcome to the Family" and "Ironside" after only three episodes.
Walmart offers job back to employee fired for assisting assault victim
US retailer Walmart fired and then gave an employee his job back after he helped woman who was assaulted in a company store parking lot.
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According to Previ CIO, the goal of the investments is not diversification and not returns. The largest pension fund in Latin America, Banco do Brasil SA, would be investing in US and European stocks.
With an average of USD6 billion revenues on 10% cost on equity, Morgan Stanley's CFO said the business is doing good.
CBOE Holdings Inc, the largest US options exchange owner, announced on its website the schedule for trading using the VIX.
An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
Judge Eileen Bransten dismissed the complaint of Dexia AG as it had no right to sue or claim on securities that were bought at face value.
The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
The increase in Commerzbank's overall financial value would help in passing tests conducted by the European Central Bank.
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
Power Capital Holdings launches Power Capital Partners LLC. Power Capital Holdings recently announced the launch of an equity firm specifically focused on the power sector.
