WASHINGTON - Securities and Exchange Commission Chair Mary Jo White says her team will not shy away from high-stakes trials, and not just strike settlements with wrongdoers, but a string of recent court setbacks shows she has her work cut out for her.
- Ford to hire 11,000 in U.S., Asia amid new model push
- Wall St. drops on taper anxiety; Facebook rallies
- U.S. can add Wells Fargo executive as mortgage fraud defendant
- Lawsuit accuses IBM of hiding China risks amid NSA spy scandal
- Bank of America's Merrill to pay $132 million in SEC case over mortgages
Recent Business News
NEW YORK - JPMorgan Chase & Co is working with criminal and regulatory authorities on settlements over the bank's relationship with convicted Ponzi schemer Bernard Madoff, ones that would involve $2 billion in penalties and a rare criminal action, according to sources familiar with the matter.
- Adobe Systems Inc, the maker of Photoshop and Acrobat software, forecast current-quarter results below analysts' estimates but reported a 22 percent jump in the number of subscribers to its Creative Cloud suite from the preceding quarter.
DETROIT - General Motors Co checked off items from its to-do list as the era of a new chief executive approaches, with the automaker announcing on Thursday that it has sold the stake in its former finance arm and in its French auto partner.
PLANO, Texas - J.C. Penney Co Inc is looking to the past to build its future.
The government has started using manual work-arounds for the various software errors that plague HealthCare.gov, as enrollment starts to increase.