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Tuesday, November 12, 2013

Daily Investor Briefing: Wall Street dips with eyes on Fed,...

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11/12/2013
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
Wall Street dips with eyes on Fed, yields
NEW YORK (Reuters) - U.S. stocks edged lower on Tuesday as rising bond yields fueled debate over how soon the Federal Reserve may begin trimming its stimulus program.
US Airways, American to merge after settling antitrust suit
WASHINGTON/NEW YORK (Reuters) - US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world's largest airline.
Two Fed officials say aggressive policy action still needed
MONTGOMERY, Ala./ST. PAUL, Minnesota (Reuters) - The Federal Reserve should keep monetary policy ultra-easy given the economy's tepid growth and an uncertain outlook for jobs growth, two senior officials said on Tuesday, reinforcing views that the U.S. central bank will not taper bond buying before next year.
ICE completes takeover of NYSE
NEW YORK (Reuters) - IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE on Wednesday, said the head of ICE, an exchange and clearing house operator.
Corzine, banks fail to win dismissal of MF Global lawsuit
NEW YORK (Reuters) - A federal judge on Tuesday rejected a bid by former MF Global Holdings Ltd chief executive Jon Corzine to dismiss investor litigation seeking to hold him, other executives and many banks responsible for the futures brokerage's rapid collapse.
Alitalia job cuts plan unlikely to win Air France rescue
MILAN/PARIS (Reuters) - Cash-strapped Italian airline Alitalia is planning the first mass firing since its it was privatized in 2008 to cut costs, but a source said it was unlikely to go far enough to persuade top shareholder Air France-KLM to rescue it in a cash call.
EU leaders promise jobs for 'lost generation' of youth
PARIS (Reuters) - European leaders pledged on Tuesday to make fighting youth unemployment in the bloc a priority but came up with no new ideas to tackle a problem that risks fuelling social unrest and distrust of mainstream parties.
Exclusive: Cisco rival Arista Networks picks banks for IPO - sources
NEW YORK (Reuters) - Arista Networks, a maker of network switches that competes with much bigger rival Cisco Systems Inc, has selected banks to lead a proposed initial public offering for next year, according to people familiar with the matter.
Ex-hedge fund exec wins SEC leniency for helping thwart fraud
(Reuters) - A former hedge fund administrator has reached an agreement with the Securities and Exchange Commission that marks the first time the regulator agreed not to begin an enforcement action against an individual as a reward for cooperating in a probe.
U.S. banks may get power to challenge money laundering exams
WASHINGTON (Reuters) - Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry.
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