Briefs

JPMorgan Chase (JPM) paid $153.6 million to settle SEC civil charges that it misled investors who bought a mortgage security it issued in 2007. The SEC says the bank didn't tell buyers that hedge fund Magnetar Capital picked assets for the complex security and stood to profit if housing prices fell and the underlying mortgages soured. JPMorgan didn't admit or deny wrongdoing. Most of the settlement will go toward repaying investors, including pension funds and a nonprofit affiliated with the Lutheran Church. The SEC is investigating the mortgage businesses of other banks, including Citigroup (C), Deutsche Bank (DB), UBS (UBS), and Morgan Stanley (MS), says a person with knowledge of the matter.

Airbus dominated the Paris Air Show, racking up more than 600 orders for its new, fuel- efficient jets in the first three days of the show. The largest order, for 150 of the narrowbody A320neos, came from Indian low-cost carrier IndiGo. Other big buyers were airlines in emerging markets, such as Garuda Indonesia, and Western carriers looking to update their fleets, such as JetBlue Airways (JBLU). Boeing (BA) sold few of its rival plane, the older 737. The tables were turned with jumbo jets, with Boeing inking 19 orders for 747s and Airbus's A380 sealing no deals.