  | | | Wall Street falls on profit-taking | | NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with selling picking up late in the session, as investors cashed in some of the recent market gains after the S&P 500 set a record high last week. | | |  | | | Fed set to ditch 'threshold' guidance under Yellen | | NEW YORK/SAN FRANCISCO (Reuters) - Janet Yellen's first policy-setting meeting as chair of the U.S. Federal Reserve will focus on how to finesse a rewriting of the central bank's promise to keep interest rates low without roiling financial markets. | | | |  | | | U.S. Congress probe of deadly defect in GM cars expands | | WASHINGTON (Reuters) - Congress's investigation of a deadly defect in some General Motors cars widened on Tuesday, and a House committee ordered the automaker and a federal regulator to provide details on steps they took to get unsafe cars off the road. | | | |  | | | Men's Wearhouse stitches up deal to buy Jos. A. Bank | | (Reuters) - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival. | | | |  | | | SoftBank CEO says Sprint could shake up U.S. 'oligopoly' | | WASHINGTON (Reuters) - The chief executive of Japan's SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company's Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone. | | | |  | | | Senate banking leaders sketch out Fannie, Freddie bill | | WASHINGTON (Reuters) - The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve. | | | |  | | | Beware Bitcoin: U.S. brokerage regulator | | (Reuters) - Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency's significant risks, a brokerage industry watchdog warned on Tuesday. | | | |  | | | Bank of England announces shake-up as it probes FX case | | LONDON (Reuters) - The Bank of England announced an overhaul of the way it works with banks and financial markets on Tuesday as it faced growing criticism of its response to possible manipulation of foreign exchange rates. | | | | |  |  | | | 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 | |
