Medical devices maker Biomet filed for IPO to raise up to $100 million.» Read More
The "Fast Money" traders share their final trades of the day.
Settlement talks have resumed, but a US Attorney for the Eastern District of California spokesperson said there won't be an announcement today.
NEW YORK, Sept 24- JPMorgan Chase& Co is in last-minute talks with the U.S. government to settle a civil case that was to be filed accusing the bank of violating U.S. laws in its sale of mortgage bonds in California, according to sources familiar with the matter. There was no immediate indication of how much JPMorgan would have to pay in fines to settle the civil case.
WASHINGTON, Sept 24- The head of the Senate Agriculture Committee asked the regulator of the U.S. futures markets on Tuesday to probe whether traders have manipulated the price of biofuel credits that soared over the summer and were blamed for raising gasoline prices.
NEW YORK, Sept 24- JPMorgan Chase& Co is engaged in talks with U.S. prosecutors in a last-minute effort to settle a case that was to be filed on Tuesday, accusing the bank of violating U.S. laws in its sale of mortgage bonds in California, according to sources familiar with the matter.
Regulators chasing after JPMorgan are damaging the bank and anyone who doesn't think so is making "a big mistake," banking analyst Dick Bove said.
JPMorgan Chase, the Bill & Melinda Gates Foundation and others have launched an investment fund focused on late-stage healthcare technology trials.
Got a beef with your bank? Don't sit there steaming. Complain to the Consumer Financial Protection Bureau, the government's new financial watchdog.
*JPMorgan is underwriter for IPO. DETROIT, Sept 23- Chrysler Group LLC was forced to file paperwork for an IPO by its second-biggest shareholder on Monday, escalating a spat with main owner Fiat SpA which said it could scale back its commitment to the U.S. automaker.
Sept 23- A U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.
The National Credit Union Administration brought the lawsuit against JPMorgan Chase& Co, Credit Suisse Group AG, UBS AG and 10 other international banks on behalf of five failed credit unions.
DETROIT, Sept 23- Chrysler Group LLC filed paperwork on Monday for an initial public offering, a move that could delay Fiat SpA's efforts to take full ownership of the U.S. automaker while enhancing the value of the stake held by a union trust fund.
Building off August investigations, the U.S. Justice Department plans to sue JPMorgan Chase over mortgage bonds it sold before the financial crisis, reports Reuters.
DETROIT, Sept 23- Chrysler Group LLC filed paperwork on Monday for an initial public offering of up to $100 million, an action that could slow majority owner Fiat SpA's plans to take full ownership of the U.S. automaker.
Sept 23- Citigroup Inc said it is eliminating about 1,000 jobs in its U.S. home mortgage business, making it the latest bank to lay off staff as higher interest rates cut into demand for new loans and refinancing. Banks including Wells Fargo& Co, JPMorgan Chase& Co and Bank of America have announced thousands of layoffs in their home lending units in recent weeks.
DETROIT, Sept 23- Chrysler Group LLC on Monday filed paperwork for an initial public offering, an action that could slow majority owner Fiat's plans to take full ownership of the U.S. automaker. The offering will be underwritten by J.P. Morgan, the company said in a securities filing posted on Monday.
Check out which companies are making headlines after the bell Monday:
NEW YORK, Sept 23- U.S. stocks declined for a third straight session on Monday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year.
NEW YORK/ SAN ANTONIO, Sept 23- The Federal Reserve must for now continue to push hard against threats to the U.S. recovery, but should still be able to reduce its support for the economy later this year, an influential central bank policymaker said on Monday.
William Dudley, president of the Federal Reserve Bank of New York, said the timeline that Fed Chairman Ben Bernanke articulated in June for scaling back the central bank's stimulus measures is "still very much intact," as long as the economy keeps improving. **APPLE INC, $488.59, up 4.5 pct.