Legal

JPMorgan Chase & Co. won dismissal of a lawsuit filed on behalf of current and former employees over losses in their retirement accounts allegedly stemming from the $6.2 billion London Whale trading debacle.

Most fiduciaries and employers want to do the right thing but, as the DOL notes, inadvertent mistakes can create "significant problems."

Chicago Federal Reserve Bank President Charles Evans predicted the federal funds rate would be at 1.25 percent at the end of 2016.

New York City Comptroller Scott Stringer said the citys $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.

The new director positions, filled by Leucadia designees, give public shareholders less of a voice on Harbingers direction and amount to a misuse of corporate assets, the Massachusetts-based pension fund said in yesterdays complaint.

Detroit will ask the judge to let it seek votes on a debt - reduction plan filed last month by emergency manager Kevyn Orr. That plan would reduce pensions to police officers, firefighters and other city employees.