Fed to Banks: Shape Up or Risk Breakup

WASHINGTON—Federal Reserve officials sent a warning shot across Wall Street on Monday, telling bank executives they must do more to curb excessive risk-taking and improve employee behavior at their firms or face stiff repercussions, including being broken into smaller pieces. … Continue reading


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EU fines JPMorgan, UBS, Credit Suisse total $120 million

BRUSSELS (Reuters) – The European Commission fined JPMorgan (JPM.N), UBS (UBSN.VX) and Credit Suisse (CSGN.VX) a total of 94 million euros ($120 million) on Tuesday for taking part in cartels in the financial sector. JPMorgan received a 61.7 million euro … Continue reading


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Verizon posts higher revenue, falls short of profit estimates

WASHINGTON (Reuters) – Verizon Communications Inc (VZ.N) on Tuesday posted lower-than-expected quarterly earnings, but revenue rose as it added customers to its wireless business. Verizon reported third-quarter profit of 89 cents per share, up from 78 cents per share a … Continue reading


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Futures point to higher open on tech results

NEW YORK (Reuters) – U.S. stock index futures pointed to a higher open on Tuesday, with the SP 500 on track for a fourth straight session of gains, as Apple and Texas Instruments rallied after their results. The results implied … Continue reading


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China food scandal, tough U.S. competition pummel McDonald’s

(Reuters) – McDonald’s Corp (MCD.N) reported a 30 percent fall in quarterly profit due to a food scandal in China and tough competition in the United States, and the world’s largest restaurant chain said these factors were expected to hurt … Continue reading


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Total CEO de Margerie killed in Moscow as jet hits snow plow

MOSCOW (Reuters) – The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow’s Vnukovo airport on Monday night. De Margerie’s death … Continue reading


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Special Report: U.S. visa program for crime victims is hit-or-miss prospect

(Reuters) – It was the week of Chinese New Year, and Jian Zhen Huang was climbing her sister’s doorstep in Brooklyn with cups and other supplies for the celebration inside. Suddenly, a young man grabbed her, punched her in the … Continue reading


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Hong Kong students put their case to government, but no breakthrough

HONG KONG (Reuters) – Thousands of Hong Kong protesters listened raptly from the streets on Tuesday as student leaders debated their call for full democracy for the Chinese-run city with government leaders to try end a weeks-long occupation of major … Continue reading


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Palestinians downbeat on promised rebuilding of ruined Gaza Strip

GAZA/RAMALLAH West Bank (Reuters) – The first torrential downpour of an approaching winter has already soaked the Gaza Strip, compounding the misery of thousands of Palestinians who scrambled to patch homes wrecked by the summer war with Israel. While Palestinian … Continue reading


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Georgia partisans feud over voter registration

ATLANTA (AP) — Amid a scramble for political supremacy in rapidly changing Georgia, Democrats and Republicans are pointing fingers over the handling of as many 50,000 voter registration forms as the Nov. 4 election looms. The dispute pits one of … Continue reading


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Obama Admits His Credit Card Got Rejected

Presidents, they’re just like us. Speaking at the Consumer Financial Protection Bureau in Washington, President Obama today admitted that his credit card was recently rejected. Obama Announces Plan to Tighten Card Security … Continue Reading »


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Sweden Expands Hunt for Suspected Russian Sub

View gallery . http://a.abcnews.com/images/International/AP_Sweden_Submarine_mar_141020_16x9_608.jpg MOSCOW – Sweden is widening its search for what may be a distressed Russian submarine in the waters near Stockholm. Authorities today ordered all ships to leave the large cluster of some 30,000 islands where the … Continue reading


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