PRESS DIGEST-New York Times business news - Sept 25

Wed Sep 25, 2013 1:15am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Sept 25 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

* The hedge fund SAC Capital Advisors and federal prosecutors have begun talks to settle criminal insider trading charges against the firm, people briefed on the case said on Tuesday. Settlement discussions are at an early stage, and the two sides are far from any agreement, these people said. The government is seeking a guilty plea from SAC and a financial penalty of as much as $2 billion, they said. ()

* The housing market, one of the main drivers of the economic recovery, continues to gain strength despite the drag of rising mortgage rates and other economic headwinds, but some analysts are worried that it may slow in the months ahead.

* JPMorgan Chase & Co, seeking to avert a wave of litigation from the government, is negotiating a multibillion-dollar settlement with state and federal agencies over the bank's sale of troubled mortgage securities to investors in the run-up to the financial crisis. ()

* The Obama administration on Tuesday provided the first detailed look at premiums to be charged to consumers for health insurance in 36 states where the federal government will run new insurance markets starting next week, highlighting costs it said were generally lower than previous estimates. ()   Continued...