LinkedIn passwords stolen Business social network LinkedIn said that some of its users' passwords have been stolen and leaked onto the Internet. LinkedIn Corp. did not say how many of the more than 6 million passwords that were distributed online corresponded to LinkedIn accounts. In a blog post Wednesday, the company said it was continuing to investigate. Graham Cluley, a consultant with U.K. Web security company Sophos, recommended that LinkedIn users change their passwords immediately. LinkedIn has more than 160 million members.
Honda Fit offers mileage crown, at a price At 118 miles per gallon, the Honda Fit electric vehicle is the most fuel-efficient in the United States, the automaker said Wednesday. But the Fit electric four-door hatchback, which goes on the market this summer in Oregon and California, has an estimated price tag nearly twice that of the gasoline-powered version. It'd take 11 years before a driver makes up the difference and begins saving on fuel. Honda has put the price of an electric Fit at $29,125 after a $7,500 federal tax credit. That's $12,210 more than the gas-powered, 31 mpg Fit. For someone driving 13,500 miles a year, the electric car would cost $1,107 less a year for fuel.
Regulator lambastes JPMorgan's risk controls JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss, a key federal regulator said Wednesday. U.S. Comptroller of the Currency Thomas Curry told the Senate Banking Committee that the nation's largest bank began reducing the amount of hedging it was doing to minimize potential losses at the end of 2011. Curry, whose agency is examining JPMorgan's risk-containment policies in the weeks before it suffered the trading loss, said his agency is conducting an extensive review that "will focus on where breakdowns or failures occurred."
Goldman Sachs likely to add fewer partners As Goldman Sachs shrinks, its elite inner circle will also be getting smaller. The Wall Street firm is expected to name fewer than 100 new partners this fall, one of the smallest classes in recent years, according to people briefed on the matter but not authorized to speak on the record. Goldman cut its head count over the last year by more than 8 percent, to 32,400, to cope with reduced revenue amid difficult markets and new regulations.
Output declines in Germany, Spain German industrial output fell more than economists forecast in April and Spanish production had the biggest drop in more than two years, adding to signs of a deepening economic slump across the euro area. German production declined 2.2 percent from March, the Economy Ministry in Berlin said Wednesday. Economists had forecast a drop of 1 percent. In Spain, output fell 8.3 percent from a year earlier, when adjusted for work days, a separate report showed.
Price-fixing case nets more guilty pleas Sweden-based auto supplier Autoliv pleaded guilty as part of the government's ongoing price-fixing case and agreed to pay a $14.5 million criminal fine, while Kazuhiko Kashimoto, an executive of Japanese supplier Yazaki, pleaded guilty and will serve 14 months in prison.
FROM NEWS SERVICES
