| | Wall St. falls for third day, led by energy | NEW YORK (Reuters) - U.S. stocks ended down in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices and as the S&P 500 broke below a key technical level. | | | | | Oil near six-year low; Brent trades at par to U.S. crude | NEW YORK (Reuters) - Oil tumbled 5 percent to near six-year lows before recovering ground on Tuesday, and Brent briefly traded at par to U.S. crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States. | | | | | | Citigroup quietly scales back in consumer banking | NEW YORK (Reuters) - Citigroup Inc has been quietly scaling back its consumer banking presence in some of the world's major cities, pulling out from markets where it does not have enough branches to be competitive. | | | | | | Exclusive: Tradeworx founder Narang leaves high-frequency firm | NEW YORK (Reuters) - Manoj Narang, an outspoken proponent of high-frequency trading and one of the industry's few visible faces, is leaving Tradeworx, a firm he founded in 1999 that only became active in high-speed trading during the financial crisis in 2008. | | | | | | | 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 | |
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