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Wednesday, February 6, 2013

Business Today: Wall Street stymied as investors lack catalysts to trade

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02/6/2013
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 stymied as investors lack catalysts to trade
NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday as investors, without any major economic reports to guide them, awaited fresh incentives to trade after rallies took the S&P 500 to five-year highs.
RBS fined $612 million for rate rigging
LONDON (Reuters) - Britain's Royal Bank of Scotland was fined $612 million as regulators punished a third bank and warned of more to come in a global investigation into the rigging of benchmark interest rates.
Time Warner beats profit forecasts, raises dividend
(Reuters) - Media company Time Warner Inc on Wednesday reported fourth-quarter net income that beat estimates, raised its dividend and started a new stock repurchase program, sending its shares up 4.5 percent.
Exclusive: Deutsche Bank suspends traders over Euribor - source
FRANKFURT (Reuters) - Deutsche Bank has suspended five traders suspected of inappropriate conduct following an internal investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), a source familiar with the matter said on Wednesday.
Europe faces cost cuts as GSK promises return to growth
LONDON (Reuters) - GlaxoSmithKline plans to cut costs in its struggling European drugs division and promised investors a return to growth this year, after failing to deliver a hoped-for sales and margin recovery in 2012.
Dreamliner probe results "weeks away," NTSB chief says
WASHINGTON (Reuters) - The National Transportation Safety Board is "probably weeks away" from completing its probe into battery problems on the Boeing 787 Dreamliner and will share its latest information about the jet on Thursday, NTSB chairman Deborah Hersman said.
In beer antitrust case, U.S. puts successful theory to a new test
NEW YORK (Reuters) - In challenging beer company Anheuser-Busch InBev SA's proposed deal with Mexican brewer Grupo Modelo , the U.S. government is applying a powerful legal theory it has used to stop other mergers.
Analysis: Ackman can withstand a "short squeeze" rally in Herbalife
NEW YORK (Reuters) - For now, William Ackman is getting the better of Carl Icahn in a well-publicized grudge match between the billionaire investors over Herbalife Ltd .
Exclusive: SandRidge gives CEO wide scope to cut his own land deals
NEW YORK (Reuters) - SandRidge Energy Corp is giving its chief executive wide latitude to profit from personal oil-and-gas deals in ways that pose potential conflicts of interest with the company, according to a review of employment contracts and recent transactions.
HSBC's global spread left it open to crime: CEO
LONDON (Reuters) - HSBC was forced into its biggest restructuring in almost 150 years because the bank's complex structure and wide geographical spread had made it attractive to criminals, its chief executive said.
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