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.
Legal & Regulatory
Authorities grab USD 28 million worth of bitcoins from alleged Silk Road operator
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
Allegations of raclal profiling hound Macy's and Barneys
Several people have come forward claiming racial profiling after purchase of luxury goods from stores resulted in detention by NYPD upon complaint by high end retail stores.
Argentina urges hold order on payment judgement to debt holders
In a filing with the US Supreme Court, Argentina seek stay of payment order issued by lower court. The Argentine government had filed an urgent motion in US Appeals Court last Friday to stay the hold order requiring the government to pay USD1.
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.
Latest News
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.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
In twin moves, Swatch was able to identify the cause of its sales declines and increase the demand for its components by cutting back on deliveries.
Despite the recent quarterly loss report from Jet Airways, Etihad is still awaiting the completion of the deal.
FDA has reclassified Vicodin and other hydrocodone-based pain pills as Schedule II, making them more difficult to get.
The bid made by LinnCo for Berry Petroleum is but one of the transactions that the US SEC is reviewing.
Atlantic Grid had moved to connecting power for delivery to New Jersey state. The company that had plans to build an undersea power transmission line backed by Google, Atlantic Grid Development LLC, has refocused its efforts in moving electrical power across New Jersey instead of its original plan of interconnecting offshore wind farms.
An Orlando, FL federal jury awarded USD173 million in penalties upon Qualcomm for patent infringement perpetrated upon ParkerVision.
