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Wednesday, December 11, 2013

Business Today: Futures little changed as market digests budget deal

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12/11/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Futures little changed as market digests budget deal
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors assessed a provisional budget deal reached in Washington and its potential impact of an expected wind-down of Federal Reserve stimulus.
Two more Swiss banks join U.S. tax deal
ZURICH (Reuters) - Two more Swiss banks said they would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the country's private banks.
More ECB action not ruled out but not needed for now: Coeure
LONDON (Reuters) - The European Central Bank has not ruled out further moves to help the euro zone but they are not needed for the moment, one of the bank's top policymakers, Benoit Coeure, said on Wednesday.
Analysis: Some Cisco investors urge an exit from set-top box unit
NEW YORK (Reuters) - Cisco Systems Inc Chief Executive John Chambers is facing growing pressure from investors to exit its television set-top box business, where revenue has been plummeting and profit margins trail the rest of the company.
Union machinists say they held talks with Boeing on 777X
(Reuters) - The union representing Boeing Co's Seattle area machinists said its leaders had met with top executives of the airplane maker on Tuesday about restarting talks that could see the new 777X jetliner built in Washington state, where the current 777 is built.
RBS finance chief's exit gives CEO another headache
LONDON (Reuters) - Royal Bank of Scotland chief Ross McEwan faced a fresh management headache on Wednesday as the surprise departure of Finance Director Nathan Bostock created a senior vacancy as the group attempts to navigate through a period of upheaval.
Lululemon's new CEO to get higher base salary than predecessor
TORONTO (Reuters) - Lululemon Athletica Inc's incoming chief executive, Laurent Potdevin, will be paid a base salary of $900,000 as well as signing and retention bonuses, the upscale yogawear retailer said in a regulatory filing made public on Wednesday.
Russians give rouble a symbol
MOSCOW (Reuters) - The Russian public have picked a first official symbol for the rouble, choosing a sign the central bank said would enhance the appeal of the once-tarnished currency on global markets.
UK watchdog fines Lloyds record $46 million for pushing sales
LONDON (Reuters) - Britain's financial watchdog imposed a record 28 million pound ($46 million) fine on Lloyds Banking Group for the way it encouraged staff to sell 2 billion pounds of products that customers did not need.
Euro zone banks have plenty of collateral: ECB's Constancio
FRANKFURT (Reuters) - There is no shortage of ECB-eligible collateral in any euro zone country meaning that banks could easily increase their use of its funding if they so wished, ECB Vice-President, Vitor Constancio, said on Wednesday.
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