J.C. Penney Co. disclosed that the U.S. Securities and Exchange Commission asked for information about the retailer’s finances, including a stock sale in September that it’s using to fund an attempted turnaround.
China’s broadest economic reforms since the 1990s will add less than half a percentage point to annual growth this decade, a survey showed, underscoring the likelihood of a cut in the nation’s expansion target.
South Korea’s bonds fell for a sixth week, pushing the five-year yield to the highest level since June, as an improving U.S. economy added to concern the Federal Reserve will cut stimulus. The won was little changed.
UBS AG, Switzerland’s biggest bank, and Britain’s Barclays Plc escaped $4.3 billion in European Union antitrust penalties, vindicating their strategy to reveal to the watchdog collusion to rig benchmark interest rates.
World Triathlon Corp. will stage its first half-Ironman distance race in New Jersey next September, two years after canceling the New York City Ironman after one edition because of logistical problems.
JPMorgan Chase & Co. and two other banks rejected a European Union deal to end an antitrust probe into the rigging of Euribor lending rates, risking higher fines and challenging the future of the EU’s settlement process.