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Wednesday, November 12, 2014

Business Today: Futures fall after latest Dow, S&P records

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Futures fall after latest Dow, S&P records
NEW YORK (Reuters) - U.S. stock index futures were lower on Wednesday, putting major indexes on track to retreat a day after the Dow and S&P 500 closed at record highs for a fifth straight session.
Regulators fine global banks $3.4 billion in forex probe
LONDON/ZURICH (Reuters) - Regulators fined five major banks $3.4 billion for failing to stop traders from trying to manipulate the foreign exchange market, the first settlement in a year-long global investigation.
Fed investigating bank conduct in forex markets
WASHINGTON (Reuters) - The U.S. Federal Reserve is investigating possible improper conduct in foreign exchange markets by large banking institutions, a spokesman said on Wednesday.
Exclusive: Some unhappy Yahoo investors asking AOL for rescue
NEW YORK (Reuters) - At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer's turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.
Dow Chemical to buy $5 billion more in shares, raises dividend
(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, increased its dividend and said it would buy back shares worth $5 billion, more than doubling its share repurchase program.
Macy's reports higher profit as costs fall
(Reuters) - Macy's Inc reported a 23 percent rise in third-quarter profit as lower costs boosted its margins.
Wal-Mart 'urgent' memo urges improvement at U.S. stores: NYT
(Reuters) - Wal-Mart stores Inc issued an "urgent agenda" memo to its store managers across the United States last month, laying out guidelines to boost sales of "chilled and fresh" food, the New York Times reported.
AT&T to pause fiber investment until net neutrality rules are decided
WASHINGTON (Reuters) - AT&T will pause investments to bring fiber connections to 100 cities until U.S. regulators iron out rules to regulate how Internet service providers manage their Web traffic, the company's chief executive told investors at a conference on Wednesday.
U.S. mortgage applications fall in latest week: MBA
NEW YORK, Nov 12 (Reuters) - Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said on Wednesday.
JPMorgan says improved systems and controls after FX rigging probe
LONDON (Reuters) - Wall Street bank JPMorgan, fined $662 million by UK and US regulators for failings in foreign exchange, said on Wednesday that it had made significant improvements to systems and controls.
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