FBI officials on Monday said there was no evidence that the hack of JPMorgan Chase and other U.S. banks’ networks was payback for Western sanctions against Russia.
“There’s no indication that [they came] as a result of the sanctions,” FBI Cyber Division Assistant Director Joseph M. Demarest told reporters, rejecting suggestions raised in earlier media reports that the intrusions were in retaliation for sanctions.
Officials also said they have not determined whether it was a foreign government — such as Russia — or criminals who were behind the network intrusions at JPMorgan and other banks.
Demarest said there have been cases in which hackers who work for foreign governments moonlight as criminals, using the expertise learned at their day job to earn money.
“There’s a blending,” Demarest said after an event hosted by the Financial Services Roundtable. “They may be working as criminals by evening or dark of night and then during the day they’re working on behalf of some government.”
Earlier this month, JPMorgan disclosed in a regulatory filing that the cyber-intrusion compromised the accounts of 76 million households and 7 million small businesses.
— Ellen Nakashima
There are plenty of action figures on toy store shelves that wield swords, spears and guns. But a Florida mom is making the case that a meth-dealing doll goes a step too far.
Mezco Toyz has produced a line of “Breaking Bad” action figures that feature the AMC show’s protagonist, schoolteacher-turned-meth-dealer Walter White, and several of the hit drama’s others characters. The Walter doll totes a pistol and comes outfitted with a duffel bag full of cash and a plastic bag of blue crystals. Another character, Jesse, comes with a gas mask and a tray of meth crystals.
Susan Schrivjer of Fort Myers is urging Toys R Us to remove the toys from shelves, calling the retailer’s choice to carry them a “dangerous deviation from their family-friendly values.”
In a petition on Change.org, Schrivjer writes, “While the show may be compelling viewing for adults, its violent content and celebration of the drug trade make this collection unsuitable to be sold alongside Barbie dolls and Disney characters.” Her petition has been signed by more than 2,500 supporters.
A Toys R Us spokeswoman said in an e-mail: “We carry a variety of fictional character action figures, including those for our collector customers. The products are carried in very limited quantities in the adult action figure area of our stores.”
— Sarah Halzack
● Halliburton, the largest provider of fracking services, reported third-quarter profit that beat analysts’ estimates as U.S. oil and natural gas producers used more water, sand and chemicals to boost output. Net income rose 70 percent, to $1.2 billion, from $706 million, or 79 cents per share, a year earlier, Houston-based Halliburton said. Sales rose 16 percent to a record $8.7 billion.
● A casino company that agreed to Donald Trump’s demand to remove his name from its now-closed Trump Plaza in Atlantic City is refusing to strip the name from its lone remaining casino, the struggling Trump Taj Mahal. The real estate mogul and his daughter Ivanka Trump are suing Trump Entertainment Resorts, which he once ran, in state Superior Court, demanding that the Trump name come off the Taj Mahal as well. In a legal filing in federal bankruptcy court in Delaware, the company called the Trumps’ suit “baseless and value-destructive” litigation.
● U.S. airlines are raising base fares on many domestic flights even though they are getting a windfall from lower fuel prices. Delta Air Lines raised fares on many U.S. routes by $4 per round trip Thursday night, and other big airlines have matched them, according to FareCompare.com chief executive Rick Seaney and JPMorgan analyst Jamie Baker. Seaney said Monday that he saw a few $6 and $10 increases, but mostly $4. Delta did not immediately respond for comment. United Airlines confirmed matching the $4 increase. Seaney said American and Southwest also raised prices. The carriers did not immediately comment.
● Microsoft’s new chief executive, Satya Nadella, has become one of the technology industry’s biggest earners, with a total compensation package this year worth $84.3 million, according to a document filed with securities regulators. The outsize number is mostly made up of the estimated value of certain one-time stock awards given to Nadella, who became the company’s third chief executive in February. Most of it Nadella cannot receive until 2019.
— From news services
● 10 a.m.: Existing-home sales for September.
● Earnings: Coca-Cola, Verizon Communications, McDonald’s, Yahoo.