Business

Voters in Colorado rejected a measure to require labeling of foods made with genetically modified ingredients, and a similar Oregon initiative looked headed for defeat on Tuesday.

BATS Global Markets is close to settling a U.S. regulatory probe into Direct Edge's dealings with high-frequency trading firms for $15 million, the biggest fine ever given to an exchange operator, according to two sources familiar with the situation.

Morgan Stanley said on Tuesday it is responding to potential legal claims from government entities, including the U.S. Department of Justice and several state attorneys general over mortgage securities.