Business Today: JPMorgan's $13 billion deal hits stumbling blocks: sources

	Click to View in Browser 10/29/2013 JPMorgan's $13 billion deal hits stumbling blocks: sources (Reuters) - JPMorgan Chase & Co's preliminary $13 billion deal to resolve federal and state investigations into its mortgage bond business has hit some stumbling blocks, two people familiar with the talks said on Tuesday. U.S. mortgage burden gets lighter in second quarter WASHINGTON (Reuters) - Mortgage payments in the second quarter took the smallest bite out of U.S. households' after-tax income in at least three decades, Federal Reserve data showed on Tuesday. SAC Capital plea deal may come early next week: WSJ NEW YORK (Reuters) - The settlement U.S. prosecutors are hammering out with SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, over criminal charges related to insider trading could be announced early next week, the Wall Street Journal reported on Tuesday. Dow, S&P 500 hit record closing highs on Fed outlook NEW YORK (Reuters) - The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback. UBS, Deutsche Bank confirm cooperation in forex probes ZURICH (Reuters) - UBS and Deutsche Bank confirmed they were cooperating with regulators probing alleged rigging in the $5.3 trillion-a-day foreign exchange market, with UBS saying it had taken "swift action" to review its operations. Airbus won't deliver fewer than 25 A380 a year: CEO in paper PARIS (Reuters) - Airbus kept its 2013 goals for the A380 despite a dearth of orders, but struck a more cautious note for future years, saying it would not on average deliver fewer than 25, which is below the level built into its longer-term financial targets. U.S. consumer spending gauge rises, but confidence weakens WASHINGTON (Reuters) - A gauge of U.S. consumer spending rose in September as Americans likely snapped up Apple's new iPhone and bought leisure goods, but falling car sales pointed to sluggish economic growth. Time Warner Cable CEO Britt says he has cancer (Reuters) - Time Warner Cable Chief Executive Glenn Britt disclosed to employees on Tuesday that he is undergoing treatment for cancer but said he will continue working until his retirement at the end of the year. U.S. judge denies class action status in Deutsche Bank lawsuit NEW YORK (Reuters) - A U.S. judge on Tuesday refused to allow shareholders to proceed as a group in a lawsuit accusing Deutsche Bank AG of misrepresenting the risks of mortgage-related investments that were central to the financial crisis. Dutch Rabobank fined $1 billion over Libor scandal AMSTERDAM (Reuters) - U.S. and European regulators have fined Dutch lender Rabobank $1 billion for rigging benchmark interest rates, making it the fifth bank punished in a scandal that has helped to shred faith in the industry. Related Video Autonomous RoboBee no flight of fancy Aircraft noise linked to increased health risks Economic News U.S. consumer spending gauge rises, but confidence weakens Reid expects Yellen to be 'easily' confirmed as Fed chair 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