Business Today: Wall Street falls on Fed officials' comments, Washington worries

	Click to View in Browser 09/23/2013 Wall Street falls on Fed officials' comments, Washington worries NEW YORK (Reuters) - U.S. stocks declined for a third straight session on Monday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year. Fairfax sets floor for BlackBerry with $4.7 billion offer TORONTO (Reuters) - Struggling smartphone maker BlackBerry on Monday signed a tentative deal to be acquired by a consortium led by its biggest shareholder, setting a $4.7 billion floor in the auction of the Canadian company that pioneered on-the-go email. U.S. government to sue JPMorgan in mortgage case: sources (Reuters) - The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank's legal troubles are not yet behind it. Fed to push hard with stimulus now; can step back later this year: Dudley NEW YORK/SAN ANTONIO (Reuters) - The Federal Reserve must for now continue to push hard against threats to the U.S. recovery, but should still be able to reduce its support for the economy later this year, an influential central bank policymaker said on Monday. Citigroup to cut 1,000 mortgage jobs, mostly in Las Vegas (Reuters) - Citigroup Inc is eliminating about 1,000 jobs in its U.S. home mortgage business after higher interest rates reduced the demand for new loans and refinancing, according to a statement from the company on Monday. TD Bank to pay $52.5 million in U.S. settlements over Ponzi scheme (Reuters) - Toronto-Dominion Bank will pay $52.5 million to settle U.S. civil regulatory charges that it failed to report suspicious activity in accounts linked to a Ponzi scheme by Florida lawyer Scott Rothstein, who is serving a 50-year prison term. U.S. public pension investments jump, costs surge too WASHINGTON (Reuters) - Asset values at U.S. public pension funds rose 8.4 percent in the latest fiscal year to the highest level in more than 40 years, but their costs also rose, the U.S. Census reported on Monday. Goldcorp not ruling out deals, big capital projects DENVER (Reuters) - Goldcorp Inc is not ruling out new takeovers and might even take a look at the big, capital-intensive gold-mining projects most likely to alarm investors, Chief Executive Chuck Jeannes told Reuters on Monday, outlining a stance that puts the company at odds with many of its competitors. Chrysler halts Cherokee production, idles second shift in Toledo DETROIT (Reuters) - Chrysler Group LLC, the U.S. automaker majority-owned by Italian automaker Fiat SpA , said on Monday that it temporarily halted production of the 2014 Jeep Cherokee, and laid off 500 workers at a factory in Toledo, Ohio. GSK's China sales may be down 30 percent on bribery scandal: analysts LONDON (Reuters) - GlaxoSmithKline's sales in China may have dropped 30 percent since authorities accused it of corruption, disrupting its ability to market medicines in the country, according to analyst estimates. Related Video Merkel still needs to focus on euro zone Greece wonders what next from Merkel Economic News Fed to push hard with stimulus now; can step back later this year: Dudley U.S. factory activity loses momentum in September: Markit 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