GM Raises Silverado Prices As Discount Tactics Intensify
GM boosts base 2014 Silverado price by about 2100 dollars marking an 8.5 percent rise. Analysts see this as a strategy to support larger dealer incentives and deeper discounts to close sales. GM trails Ford F series and Ram gains while consumer demand shifts to net pricing and online research.
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JPMorgan pays $100M admit fault in London trades
JPMorgan Chase will pay a 100 million penalty and admit traders acted recklessly in London derivatives trades that cost the bank 6 billion. The CFTC says traders distorted prices to limit losses, while the SEC previously noted supervision failures. The settlement uses a new authority to sanction market manipulation without proving specific intent.
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Windows 8.1 upgrade frees to download today
Microsoft rolls out Windows 8.1 as a free download for current Windows 8 users in LA. The update restores a Start button in desktop mode, adds gesture shortcuts, improves multitasking, automatic updates, and a new lock screen workflow. Some features require Microsoft accounts, and availability may vary by device.
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