Business Today: BlackBerry warns of big loss, to cut 4,500 jobs; shares dive

	Click to View in Browser 09/20/2013 BlackBerry warns of big loss, to cut 4,500 jobs; shares dive TORONTO (Reuters) - BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its workforce, rekindling fears of the company's demise and sending its shares into a tailspin. Wall Street ends down but posts gains for week NEW YORK (Reuters) - U.S. stocks fell on Friday as investors digested comments by Federal Reserve officials in the wake of the central bank's decision to maintain its stimulus, but two companies made initial public offerings with stellar results. Fed officials criticize, explain taper delay NEW YORK (Reuters) - An outspoken Federal Reserve hawk warned on Friday that the U.S. central bank had harmed its credibility by delaying a highly anticipated reduction in monetary stimulus this week, but another official argued it had been the right thing to do. Lawsuit accuses JPMorgan of exposing Social Security numbers NEW YORK (Reuters) - JPMorgan Chase & Co has been hit with a proposed class action lawsuit accusing it of printing Social Security numbers on the outsides of form letters mailed to customers to tell them about the bank's efforts to protect their private information. SEC charges former Akamai executive whose tips went to Rajaratnam (Reuters) - A former Akamai Technologies Inc official agreed to pay over $145,000, and be banned from serving as a public company officer or director, to settle civil charges he provided illegal tips that were funneled to Raj Rajaratnam, the hedge fund manager imprisoned for insider trading. US Airways, American push back on Justice Department merger lawsuit WASHINGTON (Reuters) - US Airways and American Airlines, whose proposed merger has been stalled by U.S. government opposition, urged a court on Friday to require the Justice Department to turn over documents relating to its approval of four previous airline mergers. Allegiant grounds planes; U.S. FAA seeks data on slides (Reuters) - Allegiant Travel Co , a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its aircraft, or roughly half of its fleet, to inspect emergency evacuation slides in response to an FAA request for information. Workers expanding Colombia's Cartagena oil refinery go on strike BOGOTA (Reuters) - Construction workers expanding Colombia's biggest oil refinery went on strike on Friday in a dispute over a pay, halting the $6.47 billion project but leaving refining operations unaffected. Mortgage industry challenges regulator on U.S. loan limits WASHINGTON (Reuters) - Two powerful housing industry trade groups are asking U.S. lawmakers to prevent a government regulator from lowering the limit on the size of loans Fannie Mae and Freddie Mac can back, according to a letter obtained by Reuters on Friday. Fed's communication branded 'unclear' by economists LONDON (Reuters) - The U.S. Federal Reserve failed to communicate policy clearly in the months leading to Wednesday's surprise decision not to reduce its $85 billion monthly bond-buying policy, according to a firm majority of economists polled by Reuters. Related Video Who'll replace Nasdaq CEO Greifeld The Upside: Fed's non-decision means brace for volatility Economic News Fed officials criticize, explain taper delay Fed need not rush to taper while inflation is low: Bullard 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