Business

Ford Lowers Mileage Rating On C-Max Hybrid

On Thursday, Ford issued a statement lowering the vehicle's stated performance for combined city and highway to 43 miles per gallon. The car had been advertised at 47 miles per gallon in combined city and highway driving, but tests reportedly showed the figure to be inflated.

2 Ex-Traders Accused Of Covering Up JPMorgan Losses

Federal prosecutors in the U.S. have charged two former traders in JPMorgan Chase's London office with securities fraud. The two men were part of the so-called "London Whale" case, which ended up costing the company more than $6 billion. U.S. officials say the men lied about the value of some derivatives trades to cover up mounting losses.