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Thursday, December 20, 2012

Business Today: Stock futures flat amid "fiscal cliff" uncertainty

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12/20/2012
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
Stock futures flat amid "fiscal cliff" uncertainty
NEW YORK (Reuters) - Stock futures were flat on Thursday amid uncertainty over U.S. fiscal negotiations, as President Barack Obama threatened to veto a controversial Republican plan, suggesting a deal wouldn't come as soon as many investors had hoped.
IntercontinentalExchange says to buy NYSE Euronext for $8.2 billion
(Reuters) - IntercontinentalExchange Inc said on Thursday it would acquire NYSE Euronext in an $8.2 billion stock-and-cash deal.
Jobless claims up, but at the lower end of pre-storm range
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment aid rose last week, putting them back at the lower end of their pre-storm range and suggesting job growth remains moderate.
Exports, government spending buoy third-quarter growth
WASHINGTON (Reuters) - The U.S. economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that boost is likely to be lost amid slowing global demand and a move towards tighter fiscal policy.
Under pressure from Abe, Bank of Japan boosts stimulus again
TOKYO (Reuters) - The Bank of Japan delivered its third shot of monetary stimulus in four months on Thursday, in a prelude to more aggressive action next year as it faces intensifying pressure from the country's next leader for bolder action to beat deflation.
UBS traders charged, bank fined $1.5 billion in Libor scandal
ZURICH/NEW YORK (Reuters) - U.S. prosecutors charged two former UBS traders with taking part in a multi-year scheme to manipulate Libor and other benchmark interest rates, making them the first individuals to be criminally accused in the international scandal.
"Fiscal cliff" talks turn sour, Obama threatens veto
WASHINGTON (Reuters) - Talks to avoid a U.S. fiscal crisis stalled on Wednesday as President Barack Obama accused opponents of holding a personal grudge against him while the top Republican negotiator called the president "irrational."
EU ends Thomson Reuters codes probe after concessions
BRUSSELS (Reuters) - European Union regulators dropped an antitrust investigation into Thomson Reuters on Thursday after the company made it easier for customers using its financial instrument codes to switch to competing services.
Bumpy final stretch in U.S. watchdog swaps overhaul
WASHINGTON (Reuters) - On Monday, October 15, top U.S. derivatives regulator Gary Gensler watched a mock ceremony to mark the start of a broad overhaul of the swaps industry that started that day.
China needs pro-growth policies, reforms in 2013: think tank
BEIJING (Reuters) - China's economic performance in 2013 needs pro-growth policies and speedier reforms to boost domestic demand in the face of uncertainty in the global environment, a senior economist at the cabinet's think tank said on Thursday.
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