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Wednesday, October 29, 2014

Business Today: Facebook slide weighs on futures; Fed statement eyed

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Facebook slide weighs on futures; Fed statement eyed
NEW YORK (Reuters) - U.S. stock index futures were mixed on Wednesday, with S&P 500 and Nasdaq futures weighed by a sharp decline in Facebook shares, and ahead of a statement from the U.S. Federal Reserve as it winds down its stimulus program.
Fed set to end one crisis chapter even as global risks rise
WASHINGTON (Reuters) - The U.S. Federal Reserve on Wednesday is expected to shutter its bond-buying program, closing one controversial chapter in its crisis response even as it struggles to manage a full return to normal monetary policy.
Exclusive: SEC probing private equity performance figures - sources
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people familiar with the matter.
Facebook warns of increased spending, shares fall
SAN FRANCISCO (Reuters) - Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.
French drugmaker Sanofi sacks CEO Viehbacher
PARIS (Reuters) - Sanofi's board ousted its chief executive of six years at a special meeting on Wednesday, two days after it emerged he had fallen out with the French drugmaker's chairman, wiping more billions off its market value.
Behind the scenes of Sanofi's boardroom bust up
PARIS (Reuters) - A boardroom tussle brewing for months at Sanofi came to a head on Wednesday when France's top drugmaker fired its chief executive, wiping more billions off its share price.
SEC investigates CMS employees in insider-trading case: WSJ
(Reuters) - The U.S. Securities and Exchange Commission is investigating whether employees at the Centers for Medicare and Medicaid Services (CMS) leaked information to traders, the Wall Street Journal reported, citing people familiar with the investigation.
Deutsche Bank slumps to quarterly net loss as legal costs weigh
FRANKFURT (Reuters) - Deutsche Bank AG fell to a net loss in the third quarter after falling victim to the legal costs which already this week prompted a management reshuffle designed to help tackle a long list of unresolved litigation issues.
At Brazil auto show, industry wonders if it can get any worse
SAO PAULO (Reuters) - Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.
Dow Jones asks court to deny GT Advanced, Apple's secrecy motion
(Reuters) - Dow Jones & Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy.
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