Business

Business briefs

Rochdale

Rochdale Securities, the brokerage struggling to survive after an unapproved $1 billion trade in Apple shares soured, lost three more traders to competitors, after losing five earlier this month.

Social slash

LivingSocial, the second-biggest online daily-deals provider, is cutting about 400 staffers to reduce costs, a person with knowledge of the matter said.

BP slap

British oil giant BP was temporarily banned from winning new US government contracts yesterday after agreeing to plead guilty to criminal charges and pay $4.5 billion in the 2010 Deepwater Horizon oil spill disaster.

Well, Wells

Wells Fargo said federal regulators plan to forgo recommending enforcement action after completing a probe of offering documents for mortgage-backed securities.

Strike out

Ex-Baltimore Orioles player Doug DeCinces was indicted by a federal grand jury on insider-trading charges, over the 2008 purchase of stock in medical-device company Advanced Medical Optics.