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Monday, November 10, 2014

Business Today: New rules proposed to put an end to 'too big to fail' banks

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New rules proposed to put an end to 'too big to fail' banks
BASEL Switzerland/LONDON (Reuters) - Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses.
Stock futures inch up after three-week rally; Alibaba active
NEW YORK (Reuters) - Stock index futures edged higher on Monday, after the Dow and S&P 500 advanced for a third straight week to fresh record highs.
GM ordered new switches months before recall: WSJ
NEW YORK (Reuters) - General Motors Co ordered half a million replacement ignition switches almost two months before it alerted federal safety regulators of the issues that prompted a recall of millions of vehicles, the Wall Street Journal reported, citing email exchanges between the automaker and its supplier Delphi Automotive Plc .
Landmark Hong Kong-China stock trading scheme to start Nov. 17
HONG KONG/SHANGHAI (Reuters) - A long-awaited trading link between Hong Kong and Shanghai will launch on Nov. 17, a crucial step towards opening China's capital markets that will give foreign and Chinese individual investors unprecedented access to each others' stock exchanges.
McDonald's October same-store sales fall 0.5 percent
(Reuters) - McDonald's Corp said on Monday sales at established restaurants fell across all regions in October, hurt by stiff competition in the United States, economic and political upheaval in Europe and the fallout from a supplier scandal in China.
UK's Cameron rejects charge his EU plans create uncertainty for business
LONDON (Reuters) - British Prime Minister David Cameron on Monday rejected a charge from his main political rival that his plan to reshape Britain's ties with its European Union partners creates uncertainty for businesses,
Chevron says yet to finish Romanian shale gas assessment
BUCHAREST (Reuters) - U.S. energy major Chevron has yet to complete an assessment of Romania's natural gas potential from shale, it said, one day after the country's prime minister expressed doubt about the existence of shale gas reserves there.
Time Warner eyes $588 million bid for Australia's Ten Network: media
SYDNEY (Reuters) - U.S. media giant Time Warner Inc has approached struggling Australian broadcaster Ten Network Holdings Ltd about a A$680 million ($588 million) takeover bid, the Australian Financial Review reported on Monday.
The master who teaches the Merrill herd to graze on wheatgrass and chia
NEW YORK (Reuters) - At a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their heads to Kid Rock's "All Summer Long" to get their circulation going.
China deal sends shares to one-month high, rouble surges
LONDON (Reuters) - A landmark deal to give global investors easier access to China's $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices.
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