Business Today: U.S. trade deficit narrows as exports hit record high

		Click to View in Browser 12/4/2013 U.S. trade deficit narrows as exports hit record high WASHINGTON (Reuters) - The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help to support domestic growth in the fourth quarter. EU Commission fines banks $2.3 billion for benchmark rigging BRUSSELS (Reuters) - EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.3 billion) on Wednesday for rigging financial benchmarks. Stock futures drop after stronger-than-expected ADP report NEW YORK (Reuters) - Stock futures retreated following a stronger-than-expected private sector employment report. U.S. private sector adds 215,000 jobs in November: ADP NEW YORK (Reuters) - U.S. private employers added 215,000 jobs in November, topping economists' expectations, a report by a payrolls processor showed on Wednesday, reinforcing expectations the Federal Reserve may soon begin to wind down its asset purchases. U.S. mortgage applications slide for fifth straight week: MBA NEW YORK (Reuters) - Applications for U.S. home loans tumbled in the latest week, led by a sharp slide in refinancing applications, data from an industry group showed on Wednesday. Recovery pauses in November, euro zone divergence deepens LONDON (Reuters) - Global growth was modest and a tepid expansion in the euro zone masked a growing disparity among its key members last month, data showed on Wednesday. U.S. car buyers borrow more as rates fall and standards loosen (Reuters) - U.S. consumers buyers are taking out bigger car loans with longer pay-back periods as lenders offer lower interest rates and accept borrowers with weaker credit ratings, a report released on Wednesday showed. HP to cut 1,124 jobs in UK LONDON (Reuters) - U.S. computer maker Hewlett-Packard Co is set to cut 1,124 jobs in Britain as part of plans to lay off 27,000 employees globally by the end of 2014, the company said on Wednesday. Apparel retailer Express warns of weak holiday quarter (Reuters) - Apparel retailer Express Inc joined other U.S. retailers in forecasting a weaker-than-expected holiday quarter due to muted Thanksgiving sales and a highly promotional environment. U.S. watchdog to revive proposal to name audit partner WASHINGTON (Reuters) - The U.S. audit watchdog will revive a controversial proposal on Wednesday that would require accounting firms to disclose the names of individual partners who work on company audits. Related Video Breakingviews: Tesco's mediocre plan may be the best option UK Services PMI with Markit Economic News U.S. trade deficit narrows as exports hit record high U.S. private sector adds 215,000 jobs in November: ADP A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend