The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * JPMorgan Chase & Co disclosed on Wednesday that it faced a criminal and civil investigation in Philadelphia and California, into whether it sold shoddy mortgage securities to investors in the run up to the financial crisis, the latest legal threat to the nation's biggest bank. ()* As private equity firms rush to cash in on their investments, the Blackstone Group LP is moving to sell Hilton Worldwide Inc, one of the biggest companies to go private in recent years. An offering for Hilton would probably be in the first half of next year, people briefed on the matter said. ()
The Blackstone Group L.P. (Blackstone), is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.73% or $-0.4/share to $22.76. In the past year, the shares have traded as low as $13.04 and as high as $24.31. On average, 5100190 shares of BX exchange hands on a given day and today's volume is recorded at 12178802.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 0.34% or $-0.19/share to $55.30. In the past year, the shares have traded as low as $36.40 and as high as $56.93. On average, 21032100 shares of JPM exchange hands on a given day and today's volume is recorded at 12828764.
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