On Wednesday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 1.03% to $66.70.
JPMorgan Chase & Co. won a round in a long-running dispute with the Federal Deposit Insurance Corp., avoiding some the liabilities tied to its 2008 takeover of Washington Mutual Inc.’s banking operations, according to Bloomberg.
A federal judge ruled in a lawsuit over more than $6 billion in securities backed by flawed WaMu mortgages that JPMorgan wasn’t responsible for damages beyond those on the failed bank’s books at the time. JPMorgan argued its liabilities were limited under its 2008 purchase agreement with the FDIC and the regulator should pay for any damages owed in the case.
U.S. District Judge Rosemary Collyer in Washington issued the two-page order Wednesday in the lawsuit filed in 2009 by Deutsche Bank AG, which was the mortgage-bond trustee. Bloomberg Reports.
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of FireEye, Inc. (NASDAQ:FEYE), inclined 1.45% to $47.69, during its last trading session, hitting its highest level.
Visa Inc. (NYSE:V) and FireEye, Inc. (FEYE) declared their intention to co-develop tools and services to assist merchants and issuers protect against advanced cyber attacks targeting payment data. The first of its kind Visa and FireEye Community Threat Intelligence (CTI) offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and respond to attacks against their IT and payment infrastructure. Under the offering, FireEye will operate the easy-to-use web based service to enhance stakeholders’ knowledge of attacks targeting the ecosystem, providing a noteworthy improvement over current industry practices of sharing threat intelligence via e-mail or static documents.
As planned partners, FireEye and Visa initially plan to offer tools that will provide greater cyber intelligence and improved threat monitoring and will continue to work together, together with FireEye’s cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information. Its threat prevention solutions comprise appliances covering the Web, email, endpoint, file, and mobile threat vectors.
At the end of Wednesday’s trade, Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), gained 2.27% to $83.89.
The Starwood Preferred Guest® (SPG®) Credit Card from American Express, which earns you extra rewards on purchases, is now packed with even greater value. Recently, American Express (AXP) and Starwood Hotels & Resorts Worldwide, Inc. (HOT) declared new benefits to the SPG Credit Card that will deliver more ease and convenience to Card Members.
In addition to the robust suite of existing benefits and a polished new card design, effective August 11, 2015, SPG Card Members will enjoy the following:
No Foreign Transaction Fees
SPG Credit Card Members can now enjoy international travel without foreign transaction fees from American Express when using their Card on purchases abroad.
Complimentary, Unlimited Boingo Wi-Fi
SPG Credit Card Members will enjoy complimentary, unlimited Wi-Fi access when they enroll in the Boingo American Express Preferred Plan. Receive Wi-Fi access on up to four devices to more than 1,000,000 hotspots worldwide and pay no Wi-Fi roaming fees.
Complimentary Premium In-Room Internet Access
SPG Credit Card Members won’t miss a beat while away from family, friends, or the office with complimentary premium in-room internet access at SPG® Participating Hotels.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
Finally, Post Holdings, Inc. (NYSE:POST), ended its last trade with 1.58% gain, and closed at $44.36.
Post Holdings, offered an update with respect to the recent avian influenza (“AI”) outbreak affecting Post’s egg business:
- A third Company owned chicken flock in Nebraska has tested positive for AI. This brings the total affected supply to about 35% of the Company’s volume commitments as determined preceding to the recognition of force majeure.
- As stated on May 14, 2015, Post administration has determined that the ongoing AI outbreak constitutes a force majeure event with respect to its Michael Foods egg business, the effect of which renders Michael Foods unable to fully perform under its existing supply agreements with customers.
- Michael Foods continues to take various effective measures to partially mitigate the financial impact, counting discontinuation of certain product lines and appropriate pricing actions.
- The financial impact of the above is being estimated at this time.
Post Holdings, Inc. manufactures, markets, and sells refrigerated, active nutrition, and private label food products in the United States and Canada. The company operates through five segments: Post Foods, Michael Foods, Active Nutrition, Private Brands, and Attune Foods.
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