Daily Investor Briefing: JPMorgan says 'mea culpa' in $13...

	Click to View in Browser 11/19/2013 JPMorgan says 'mea culpa' in $13 billion settlement with U.S. WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase & Co admitted it regularly overstated the quality of mortgages it sold to investors and agreed to pay a record $13 billion to resolve related charges, federal officials said on Tuesday. Wall Street ends lower, but Home Depot helps Dow NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with the Dow and the S&P 500 retreating from milestone levels, led by a slide in Best Buy after a disappointing outlook. Devon Energy near $6 billion deal for GeoSouthern: source NEW YORK (Reuters) - Devon Energy Corp is close to a deal to buy privately held GeoSouthern Energy Corp for around $6 billion, according to a person familiar with the matter. U.S. lawyer denies bribery at trial in Chevron-Ecuador case NEW YORK (Reuters) - A U.S. lawyer on Tuesday denied using bribery to win a multibillion-dollar judgment against Chevron Corp in Ecuador, even as the oil company's lawyer raised tough questions about evidence that he said suggested the payments were made. Analysis: Some funds lift cash levels as U.S. stocks' reversal feared NEW YORK (Reuters) - As recently as six months ago, Sandy Villere was pushing more of his $1.1 billion fund into U.S. stocks - a good call given the 26 percent gain in the S&P 500 so far this year. But as he looks ahead to 2014, he's starting to question whether it could be downhill from here. ThyssenKrupp in exclusive talks on sale of U.S. steel plant FRANKFURT (Reuters) - German steelmaker ThyssenKrupp said on Tuesday it was in exclusive negotiations on the possible sale of its U.S. steel plant. As big automakers go electric, Mazda squeezes more from gasoline engines HIROSHIMA, Japan (Reuters) - Japan's Mazda Motor Corp has only a tenth of Toyota Motor Corp's research and development budget, but is betting it can make the century-old internal combustion engine as fuel efficient as hybrids like its rival's pioneering Prius. U.S. court questions ex-GE bankers' bid-rigging convictions NEW YORK (Reuters) - A U.S. appeals court on Tuesday questioned the convictions of three former banking executives at a unit of General Electric Co for being involved in a conspiracy to rig bids for contracts to invest municipal bond proceeds. Diageo to launch new bourbons, doesn't need Beam Inc LONDON (Reuters) - Alcoholic drinks maker Diageo PLC does not need to buy rival Beam Inc , its chief executive officer said on Tuesday, since it is expanding its existing whiskeys and launching new ones. Spain launches sale of nationalized lender NCG Banco MADRID (Reuters) - Spain's bank restructuring fund said on Tuesday it had formally launched the sale of nationalized lender NCG Banco, one of three banks still controlled by the state following a European bailout of the country's financial system last year. Related Video World's first leadless pacemaker approved for use in Europe Breakingviews: SAC trial gamble Related News JPMorgan says 'mea culpa' in $13 billion settlement with U.S. Analysis: Some funds lift cash levels as U.S. stocks' reversal feared A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend