Market Chatter- Corporate finance press digest

Wed Oct 16, 2013 12:20am EDT
 
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Oct 16 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* JPMorgan Chase & Co has reached an agreement with the Commodity Futures Trading Commission to pay $100 million to settle charges related to the bank's "London Whale" trading scandal, according to Wall Street Journal.

* Amazon.com Inc is developing smartphones with HTC Corp, putting it in a position to compete with Apple Inc and Google Inc, the Financial Times reported.

* JP Morgan's One Equity Partners (OEP) is seeking to sell its majority stake in Austrian packaging group Constantia Flexibles either through a stock market listing or a trade sale, three people familiar with the matter said.

* Cerberus Capital Management LP, the private-equity firm that focuses on distressed assets, signed a nondisclosure agreement with BlackBerry Ltd, gaining access to financial information it could use to formulate a bid for the smartphone maker, a person with knowledge of the situation told Bloomberg. ()   Continued...