Business Today: Ackman to sell his fund's 39.1 million shares in J.C.Penney

	Click to View in Browser 08/26/2013 Ackman to sell his fund's 39.1 million shares in J.C.Penney BOSTON (Reuters) - Hedge fund manager William Ackman, the single biggest shareholder in J.C. Penney , is selling his stake in the retailer. Peregrine accountant barred from working for firms overseen by CFTC WASHINGTON (Reuters) - The U.S. futures regulator on Monday barred Jeannie Veraja-Snelling from working as an accountant for firms it oversees after she failed to detect the massive fraud at failed brokerage Peregrine Financial Group. Goldman losses from options glitch in tens of millions: source (Reuters) - Goldman Sachs Group Inc lost tens of millions of dollars after a computer glitch led to a flood of erroneous options trades last week, a source close to the matter said on Monday. Wall Street ends lower after Kerry blasts Syria over chemical weapons NEW YORK (Reuters) - U.S. stocks fell on Monday, turning negative in the last hour of trading after U.S. Secretary of State John Kerry said all nations must stand up for accountability on the use of chemical weapons in Syria. Weak U.S. durable goods data dims growth outlook WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods also tumbled, casting a shadow over the economy early in the third quarter. Starbucks won't cut worker benefits ahead of Obamacare: CEO NEW YORK (Reuters) - Starbucks Coffee Co will not follow the lead of other companies that are cutting health insurance benefits or reducing hours for employees in anticipation of the U.S. Affordable Care Act, the coffee shop chain's CEO Howard Schultz told Reuters on Monday. JPMorgan told to pay Blavatnik $42.5 million over mortgage losses NEW YORK (Reuters) - A New York state judge has ordered JPMorgan Chase & Co to pay the billionaire Leonard Blavatnik $42.5 million plus interest, finding the bank liable for breach of contract after it was accused of mismanaging an investment account by betting on risky mortgage securities. UBS agrees to pay $4.6 million in settlement over sales assistants (Reuters) - A unit of UBS AG will pay nearly $4.6 million to settle allegations by multiple state securities regulators that unregistered sales assistants accepted clients' orders to buy and sell securities, New Jersey's highest law enforcement agency announced. Russia fiercely rebukes Belarus for detaining potash boss MINSK/MOSCOW (Reuters) - Belarus detained the head of Russia's Uralkali , the world's top potash producer, and threatened to seize its assets in the country on Monday, drawing a fierce rebuke from Moscow in an escalating dispute over the collapse of a cartel. Swiss government to decide soon whether to keep seeking US tax deal: top diplomat BERN (Reuters) - Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat said on Monday, or risk extending a long, costly dispute over banks that shelter tax evaders. Related Video BATS/Direct Edge deal a good first step- Columbia's Charles Jones Amgen scoops up Onyx for $10.4 bln Economic News Weak U.S. durable goods data dims growth outlook Analysis: Spending on cars, homes threatens apparel sales as holidays approach 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