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SAC Capital to become a 'family office'

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In its first public acknowledgement of plans to stop managing public investments, SAC Capital has told staff it would convert to a family office, managing only the capital belonging to founder Steve Cohen , his relatives and certain employees.

JPMorgan, DoJ talks back on track: Report

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Discussions to settle an agreement between JPMorgan Chase and the Department of Justice are heating back up, The Wall Street Journal reported Tuesday, following a period in which the talks were nearly derailed by disagreements.

China faces tough balancing act as plenum looms

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Comments from China's premier this week just days before a closely-anticipated meeting of the country's top leaders, highlight the delicate balancing act they face in steering the world's second-biggest economy forward, say analysts.

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