The Other Side of Life 24/7: Daily Investor Briefing: JPMorgan's $13 billion deal hits...

Tuesday, October 29, 2013

Daily Investor Briefing: JPMorgan's $13 billion deal hits...

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10/29/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

JPMorgan's $13 billion deal hits stumbling blocks: sources

(Reuters) - JPMorgan Chase & Co's preliminary $13 billion deal to resolve federal and state investigations into its mortgage bond business has hit some stumbling blocks, two people familiar with the talks said on Tuesday.

U.S. mortgage burden gets lighter in second quarter

WASHINGTON (Reuters) - Mortgage payments in the second quarter took the smallest bite out of U.S. households' after-tax income in at least three decades, Federal Reserve data showed on Tuesday.

UBS, Deutsche Bank confirm cooperation in forex probes

ZURICH (Reuters) - UBS and Deutsche Bank confirmed they were cooperating with regulators probing alleged rigging in the $5.3 trillion-a-day foreign exchange market, with UBS saying it had taken "swift action" to review its operations.

Dow, S&P 500 hit record closing highs on Fed outlook

NEW YORK (Reuters) - The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback.

Time Warner Cable CEO Britt says he has cancer

(Reuters) - Time Warner Cable Chief Executive Glenn Britt disclosed to employees on Tuesday that he is undergoing treatment for cancer but said he will continue working until his retirement at the end of the year.

Airbus won't deliver fewer than 25 A380 a year: CEO in paper

PARIS (Reuters) - Airbus kept its 2013 goals for the A380 despite a dearth of orders, but struck a more cautious note for future years, saying it would not on average deliver fewer than 25, which is below the level built into its longer-term financial targets.

U.S. consumer spending gauge rises, but confidence weakens

WASHINGTON (Reuters) - A gauge of U.S. consumer spending rose in September as Americans likely snapped up Apple's new iPhone and bought leisure goods, but falling car sales pointed to sluggish economic growth.

Dutch Rabobank fined $1 billion over Libor scandal

AMSTERDAM (Reuters) - U.S. and European regulators have fined Dutch lender Rabobank $1 billion for rigging benchmark interest rates, making it the fifth bank punished in a scandal that has helped to shred faith in the industry.

Goldman Sachs' co-head of commodities Shenouda to leave: memo

NEW YORK (Reuters) - The co-head of Goldman Sachs' global commodities business, Magid Shenouda, is leaving the bank after 14 years, according to an internal memo seen by Reuters on Tuesday.

U.S. judge denies class action status in Deutsche Bank lawsuit

NEW YORK (Reuters) - A U.S. judge on Tuesday refused to allow shareholders to proceed as a group in a lawsuit accusing Deutsche Bank AG of misrepresenting the risks of mortgage-related investments that were central to the financial crisis.