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Sep 26, 2013

JPMorgan’s Dimon meets with U.S. Attorney General Holder

By David Henry and David Ingram

(Reuters) – JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) CEO Jamie Dimon met with U.S. Attorney General Eric Holder on Thursday, seeking to make sure a possible $11 billion (6.85 billion pounds) settlement will end the bank’s pain from mortgage-securities probes, a source said.

The bank is close to settling many of the probes into how it sold mortgage bonds before the financial crisis, but Dimon fears that as soon as this deal is worked out other investigations will emerge, the person familiar with the matter said.

Sep 26, 2013

Nine auto parts makers to plead guilty to U.S. price fixing

WASHINGTON (Reuters) – Nine companies based in Japan and two executives have agreed to plead guilty and to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.

The settlements are the latest in an ongoing probe into price fixing of a broad range of car parts that has now ensnared 20 companies and 21 executives. The companies have agreed to pay $1.6 billion in fines overall.

Sep 26, 2013

Auto parts makers to plead guilty to U.S. price fixing

WASHINGTON, Sept 26 (Reuters) – Nine companies based in
Japan and two executives have agreed to plead guilty and to pay
a total of more than $740 million in fines for their roles in
long-running conspiracies to fix the prices of auto parts sold
to U.S. car manufacturers, the Department of Justice said on
Thursday.

The department said that price-fixed automobile parts were
sold to Fiat SpA affiliate Chrysler Group LLC
, Ford Motor Co and General Motors Co,
-as well as to the U.S. subsidiaries of Honda Motor Co Ltd
, Mazda Motor Corp, Mitsubishi Motors Corp
, Nissan Motor Co Ltd, Toyota Motor Corp
and Fuji Heavy Industries Ltd’s Subaru.

Sep 26, 2013

JPMorgan CEO meets with U.S. attorney general

By David Henry and David Ingram

(Reuters) – JPMorgan Chase & Co CEO Jamie Dimon met Thursday morning with U.S. Attorney General Eric Holder as the nation’s biggest bank attempts to end federal and state investigations into its liability for selling shoddy mortgage securities.

The settlement talks in Washington come after the U.S. Department of Justice threatened to file a lawsuit on Tuesday over one of its cases.

Sep 24, 2013

Factbox – Eleven cases of Americans charged criminally for media leaks

WASHINGTON (Reuters) – U.S. prosecutors are increasingly seizing on an anti-espionage law to pursue Americans suspected of divulging government secrets to the press, a major shift in the use of a 1917 law that was designed to stop leaks to America’s enemies.

Eleven times in U.S. history, all of them since 1971, federal prosecutors have brought charges under the Espionage Act for disclosing information to a newspaper, blog or other media outlet. Eight of the cases have occurred since President Barack Obama took office in 2009.

Sep 23, 2013

Ex-FBI agent faces prison for leaking to reporter

WASHINGTON (Reuters) – A former FBI agent agreed on Monday to plead guilty and likely go to prison for telling a reporter about a U.S. operation to disrupt a bomb plot, becoming the latest government employee to face criminal charges for leaking official secrets.

The investigation that led to a plea agreement for Donald John Sachtleben, 55, of Carmel, Indiana, sparked a debate over press freedom when the Associated Press reported this year that, as part of the government probe, the Justice Department seized the news agency’s telephone records without its permission.

Sep 19, 2013

New FBI chief warns budget cuts may put agents on furlough

WASHINGTON (Reuters) – FBI Director James Comey said on Thursday that the U.S. budget stalemate may force him to put agents on furlough, leaving the agency, which investigates major crimes and national security threats, potentially short-handed.

Although the country’s major investigative agency avoided furloughs when the first round of automatic spending cuts took effect in March, “I can’t avoid it at this point,” Comey told reporters in a briefing at FBI headquarters. He said the bureau had already stopped training new agents.

Sep 19, 2013

Navy Yard shooter seemed to aim at random, FBI chief says

WASHINGTON (Reuters) – The contract worker who opened fire at the Washington Navy Yard this week appeared to have no particular target as he moved through a building and shot and killed 12 people, FBI Director James Comey said on Thursday.

Comey, whose agency is leading the investigation into the shooting, said that in surveillance video the man identified as 34-year-old Aaron Alexis “appears to be moving without particular direction or purpose.”

Sep 17, 2013

U.S. court defends its support for collecting phone data

WASHINGTON, Sept 17 (Reuters) – The surveillance court that
oversees the U.S. government’s massive collection of telephone
data gave its fullest defense to date on Tuesday of why it
considers the program lawful, despite the uproar after its
existence was made public in June.

In an opinion dated Aug. 29 and released on Tuesday, Judge
Claire Eagan of the U.S. Foreign Intelligence Surveillance Court
wrote that the program did not violate the basic privacy rights
of Americans and was authorized under the 2001 law known as the
Patriot Act.

Sep 10, 2013

U.S. may help marijuana shops get banking services

WASHINGTON, Sept 10 (Reuters) – U.S. law enforcement
agencies are in talks about steps they may take under federal
law to allow legal marijuana businesses to have access to bank
accounts, a Justice Department official said on Tuesday.

Deputy Attorney General James Cole said at a Senate
Judiciary Committee hearing that the existing situation of
marijuana shops operating on a cash-only basis created too many
dangers, such as possible robberies or fraud.