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Friday, November 22, 2013

Business Today: Futures flat amid dearth of data after Dow hits 16,000

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11/22/2013
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Futures flat amid dearth of data after Dow hits 16,000
NEW YORK (Reuters) - U.S. stock index futures edged up on Friday as investors paused after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-shortened week in the United States.
Approval of $8.5 billion BofA settlement in judge's hands
NEW YORK (Reuters) - A decision on whether to approve Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage securities is now in the hands of a New York state judge, after a nine-week court proceeding ended on Thursday.
Caterpillar probed for dumping train parts into sea: WSJ
(Reuters) - A unit of Caterpillar Inc is being probed by federal investigators to determine if it had dumped train parts into the ocean off California as part of a scam to charge customers for parts they didn't need, the Wall Street Journal reported.
ECB's Praet warns of deflationary pressures in euro zone
PARIS/FRANKFURT (Reuters) - The European Central Bank's chief economist said on Friday the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak".
Domestic-led third-quarter growth bolsters Germany in showdown over trade
BERLIN (Reuters) - A robust rise in domestic demand overshadowed weak exports to drive a 0.3 percent expansion in the German economy in the third quarter, giving the government ammunition in its showdown with Brussels over euro zone trade imbalances.
WTO chief hopeful of global trade reform deal within days
GENEVA (Reuters) - The World Trade Organization may agree its first worldwide trade reform package before the end of the weekend, its director-general, Roberto Azevedo, said on Friday.
China regulator orders more disclosure on shadow bank products: sources
BEIJING/SHANGHAI (Reuters) - The China Banking Regulatory Commission (CBRC) will require banks to report detailed information on their holdings of wealth management products beginning in 2014, four sources with direct knowledge of the new regulations told Reuters on Friday.
Chinese Nokia workers pledge to continue strike
GUANGZHOU, China (Reuters) - Striking workers at a Nokia factory in southern China on Friday threatened to extend industrial action after the company terminated the contracts of 59 employees for failing to return to work.
U.S. jury awards Apple $290 million in retrial against Samsung
SAN JOSE, California (Reuters) - A U.S. jury awarded Apple Inc about $290 million in a damages retrial against Samsung Electronics Co Ltd, restoring a large chunk of a historic verdict the iPhone maker won last year.
Stocks firm as Fed-fired volatility cools; dollar firm
LONDON (Reuters) - World shares were set to end a volatile week firmer on Friday and the dollar hovered near a 4-month high against the yen as worry dissipated about an early Fed move to start winding down its stimulus policy.
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