JPMorgan Chase is close to a $2 billion settlement with federal authorities to avoid prosecution for its failure to properly alert regulators of its suspicions about Ponzi scheme mastermind Bernard Madoff, according to reports.
Growing expectations that the Federal Reserve will cut its monetary stimulus as early as next week weighed on stock markets on Thursday.
U.S. stocks were mixed on Thursday, with the Dow Jones Industrial Average extending losses into a third session, as investors considered the timing of any reductions in the Federal Reserve's monetary stimulus.
As home prices rise and the economy recovers, fewer borrowers are falling behind on their mortgages, or at least on their primary mortgages.
Foxconn, one of the largest suppliers for Apple and other big tech companies, has drawn harsh criticism from labor activists in the past few years.