Business Today: JPMorgan to pay over $2 billion to settle Madoff case

	Click to View in Browser 01/7/2014 JPMorgan to pay over $2 billion to settle Madoff case NEW YORK (Reuters) - JPMorgan Chase & Co will pay more than $2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff's Ponzi scheme. Firming U.S. economy seen supporting jobs market in December WASHINGTON (Reuters) - A strengthening U.S. economy likely encouraged employers to maintain a strong pace of hiring in December, further supporting the Federal Reserve's decision last month to start curtailing its massive monetary stimulus. Wall St. gains; S&P's 1st positive day in 2014 NEW YORK (Reuters) - U.S. stocks advanced on Tuesday, as equities rebounded after a three-day losing streak to give the S&P 500 its first positive session of 2014. Goldman, JPMorgan and peers must rethink pay to meet EU cap LONDON (Reuters) - Investment bankers working in London for many top U.S. and European groups face a major overhaul of their pay structure, as their recent bonuses have far exceeded new EU rules which will curb payouts to be made this time next year. U.S. outlook too uncertain for M&A rush: Airbus exec WASHINGTON (Reuters) - Uncertainty about U.S. budget levels is limiting the prospects for increased merger and acquisition activity in the defense industry, Sean O'Keefe, chief executive officer of the U.S. operations of Europe's Airbus, said on Tuesday. Trial of SAC's Martoma begins with questions for potential jurors NEW YORK (Reuters) - Jury selection began on Tuesday in the trial of Mathew Martoma, a former portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, who is accused of engaging in the most lucrative insider trading scheme in U.S. history. Ex-UBS bank executive pleads not guilty in tax fraud case MIAMI (Reuters) - A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty to tax fraud conspiracy on Tuesday in federal court in Florida. Weak imports drive U.S. trade deficit to four-year lows WASHINGTON (Reuters) - The U.S. trade deficit fell to its lowest level in four years in November as exports hit a record high and weak oil prices held down the import bill, the latest evidence of strengthening economic fundamentals. Exclusive: SpiceJet orders 40 Boeing jets worth $4 billion: sources DUBAI/PARIS (Reuters) - Indian budget airline SpiceJet has agreed to buy about 40 Boeing 737 jets worth over $4 billion at list prices, industry sources said, a move that could help the loss-making carrier as it seeks new investors. Ex-Goldman VP Tourre denied a new trial in SEC case NEW YORK (Reuters) - Fabrice Tourre, a former Goldman Sachs Group Inc vice president who was found liable for defrauding investors over a failed mortgage transaction, has failed to persuade a federal judge to dismiss the case or give him a new trial. Related Video Surprised oil, nat gas prices still at low levels-oil trader Cold weather to cost economy billions-Planalytics Bernhardt Economic News Firming U.S. economy seen supporting jobs market in December Fed's Williams expects steady, measured cuts to bond buys 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