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    Wochit Headline News

    by Wochit Headline News

    People familiar with the matter said JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the FDIC over responsibility for losses at the former Washington Mutual Inc. Some analysts say the dispute, could leave the federal agency on the hook for billions the bank is expected to pay as part of the settlement and substantially reduce the amount of the penalty JPMorgan actually pays to the government,
    SoftBank founder Masayoshi Son said his companies bid to revive U.S. wireless operator Sprint could take as long as two years, dampening investor hopes of a quick turnaround.
    Billionaire owner of the Dallas Mavericks basketball team, Mark Cuban, goes to trial over regulators' claims he engaged in insider trading when he sold his stake in a Canadian Internet search company nine years ago. The U.S. Securities and Exchange Commission in 2008 accused Cuban of acting on confidential information when he unloaded his 600,000 shares of four years earlier, just before it announced a private placement of shares.
    Japan's Prime Minister Shinzo Abe will take a step that none of his predecessors has tried in more than 15 years - making a dent in the government's runaway debt. Abe, riding a wave of popularity with economic policies that have begun to stir the world's third-biggest economy out of years of lethargy, will announce that the government will raise the national sales to 8 percent in April from 5 percent.