  | | | Third-quarter GDP revised higher as inventories bulge | | WASHINGTON (Reuters) - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now. | | |  | | | Fed uncertainty sends the Dow, S&P 500 down for fifth day | | NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program. | | | |  | | | Deutsche Bank quits commodities under regulatory pressure | | LONDON (Reuters) - Deutsche Bank pulled the plug on its global commodities trading business on Thursday, cutting 200 jobs as it becomes the first major bank to exit the once lucrative sector due to toughening regulations and diminished profits. | | | |  | | | Securities trade group urges hardware revamp after Nasdaq August halt | | NEW YORK (Reuters) - A trade association for the securities industry said on Thursday it is time to revamp how the hardware behind the trading halt in Nasdaq stocks in August is governed, a move that would likely reduce their control by the two leading U.S. stock exchange operators. | | | |  | | | Haunted by old pledges, Airbus aims to boost A340 value | | PARIS (Reuters) - Airbus and its engine makers have acted to try to shore up the value of second-hand A340 aircraft as the European planemaker tries to reduce its financial exposure to depressed market prices of an aircraft that it no longer produces. | | | |  | | | Euro zone officials to meet on banking union on Friday: report | | BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble has invited euro zone officials to a meeting in Berlin on Friday in a bid to come closer to a solution on a planned European resolution mechanism to deal with troubled banks, a German newspaper said on Friday. | | | |  | | | Swiss banks prepare to bow to U.S. demands, grudgingly | | ZURICH/WASHINGTON (Reuters) - Switzerland's private banks have until Monday to decide whether to bow to U.S. pressure and ditch the centuries-old culture of secrecy that has made the Alpine state a global vault for the world's rich. | | | |  |  | | | 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 | |
