JPMorgan Chase reported a 7 percent drop in profits Wednesday and faced $1.1 billion in additional legal costs. JPMorgan agreed in November to pay $1 billion in penalties over its conduct in foreign exchange markets. Investigations into that and other areas, including alleged manipulation of Libor interest rates, are continuing.
Nissan and Honda reported auto sales gains last month, pushing both Japanese automakers to record numbers for 2014. Nissan's auto sales grew 11 percent for the year to 1.39 million to set an annual record for the company. Honda says its sales rose 1 percent for the year to 1.54 million cars and trucks.