Business Today: U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source

	Click to View in Browser 08/27/2013 U.S. seeking $6 billion from JPMorgan to settle mortgage claims: source (Reuters) - U.S. government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. Government mortgage fraud lawsuit against BofA headed to trial NEW YORK (Reuters) - A U.S. government lawsuit accusing Bank of America Corp of fraud in the sale of billions of dollars of toxic mortgage loans to Fannie Mae and Freddie Mac is on track to go to trial next month after a judge rejected the bank's bid to dismiss the case. Exclusive: Nasdaq pricing system focus of SEC outage review - source WASHINGTON (Reuters) - The U.S. securities regulator is focusing its investigation into the Nasdaq outage on why a system for distributing stock prices and quotes was not robust enough, and believes a spat between exchanges is a distraction, a source familiar with the matter said on Tuesday. Some Microsoft insiders could be CEO candidates SEATTLE (Reuters) - Microsoft Corp has a stable of senior executives who could be contenders to succeed Chief Executive Steve Ballmer, even though outsiders have sparked the most discussion so far. Wall Street posts worst day since June on Syria concerns NEW YORK (Reuters) - Wall Street stocks suffered their worst day since June on Tuesday, slumping in a broad decline as geopolitical uncertainty rose over a possible U.S.-led military strike by the West against Syrian President Bashar al-Assad's forces. Wal-Mart offers health benefits to U.S. workers' domestic partners (Reuters) - Wal-Mart Stores Inc said on Tuesday it will offer health insurance benefits to domestic partners of its U.S. employees starting next year, following the lead of other major companies. JPMorgan's former 'London Whale' supervisor arrested in Spain MADRID (Reuters) - Spanish police arrested former JP Morgan Chase trader Javier Martin-Artajo on Tuesday as he prepares to fight possible extradition to the United States over a $6.2 billion financial scandal at the United States' largest bank. Ackman turns back on J.C. Penney, sells entire stake in retailer (Reuters) - Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc , said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed. U.S. home prices rise but at slower pace, consumers optimistic NEW YORK (Reuters) - U.S. home prices rose in June but the pace of gains cooled, suggesting higher mortgage rates may end up slowing momentum in the housing sector as the year winds down. N.Y. appeals court revives claims against Charles Schwab NEW YORK (Reuters) - A New York state appeals court has revived a lawsuit brought by the state attorney general's office against Charles Schwab & Co Inc over claims that the brokerage firm fraudulently marketed auction-rate securities. Related Video Home prices rise but at slower pace Breakingviews: Ackman's airplay Economic News U.S. consumer confidence rises in August Three Fed banks pushed for discount rate hike in July 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