Business Today: Wall Street ends lower on Fed uncertainty

	Click to View in Browser 08/14/2013 Wall Street ends lower on Fed uncertainty NEW YORK (Reuters) - U.S. stocks fell on Wednesday as investors speculated when the Federal Reserve might curb its stimulus measures. U.S. charges two ex-JPMorgan bankers over 'London Whale' loss NEW YORK (Reuters) - U.S. prosecutors brought criminal charges on Wednesday against two former JPMorgan Chase & Co employees in the trading scandal that cost the bank $6.2 billion last year, but the trader nicknamed "the London Whale" because of the size of losses was not one of them. Cisco revenue in line, investors await CEO comments (Reuters) - Network equipment maker Cisco Systems Inc on Wednesday reported fiscal fourth-quarter revenue in line with Wall Street expectations, helped by continued strength in its enterprise business. US Airways, American focus battling U.S. in court: sources NEW YORK (Reuters) - US Airways and American Airlines are focused on fighting for their $11 billion merger in court and will argue that the federal government hasn't proven that the merger would reduce competition, according to three people with knowledge of the situation. Apollo agrees to policyholder protections in Athene-Aviva deal NEW YORK (Reuters) - Apollo Global Management has agreed to "enhanced" safeguards for policyholders as part of Athene Holdings Ltd's planned purchase of the New York business of Britain's Aviva Plc, New York's financial regulator said on Wednesday. J.C. Penney shares spike on report sales improving in August (Reuters) - J.C. Penney Co Inc shares rose in late trading on Wednesday after the New York Post said on Twitter that same-store sales are positive so far this month, citing sources. Cayman Islands, U.S. reach pact to fight tax evasion WASHINGTON (Reuters) - The United States has cut a deal with the Cayman Islands that will smooth implementation in the Caribbean island nation of a new U.S. anti-tax evasion law, while pressuring other low-tax and no-tax countries to follow suit. Tiger Consumer likes Facebook shares, Omega dumps them NEW YORK (Reuters) - Leon Cooperman's Omega Advisors soured on Facebook Inc in the second quarter, while Patrick McCormack's Tiger Consumer Management took a shine to the social networking company. Little sign inflation rising toward target: Fed's Bullard PADUCAH, Kentucky (Reuters) - Low U.S. inflation is worrisome for the country's economy and there is not much evidence it is heading higher, a senior U.S. Federal Reserve official said on Wednesday, highlighting an issue for the Fed as it weighs tapering bond purchases. U.S. consumer debt drops in second quarter, continuing post-crisis trend NEW YORK (Reuters) - Americans trimmed their overall indebtedness in the latest quarter, continuing a nearly five-year trend as mortgage balances fell further, data from the Federal Reserve Bank of New York showed on Wednesday. Related Video Techquity: Apple's latest TV-related buy, Facebook's pitch Human cells power mouse heart Economic News U.S. producer prices flat in July, point to little inflation pressure Fed's Bullard says wait for more data before tapering 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