Business Today: Wall Street dips with eyes on Fed, yields

	Click to View in Browser 11/12/2013 Wall Street dips with eyes on Fed, yields NEW YORK (Reuters) - U.S. stocks edged lower on Tuesday as rising bond yields fueled debate over how soon the Federal Reserve may begin trimming its stimulus program. US Airways, American to merge after settling antitrust suit WASHINGTON/NEW YORK (Reuters) - US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world's largest airline. Two Fed officials say aggressive policy action still needed MONTGOMERY, Ala./ST. PAUL, Minnesota (Reuters) - The Federal Reserve should keep monetary policy ultra-easy given the economy's tepid growth and an uncertain outlook for jobs growth, two senior officials said on Tuesday, reinforcing views that the U.S. central bank will not taper bond buying before next year. ICE completes takeover of NYSE NEW YORK (Reuters) - IntercontinentalExchange Inc's takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE on Wednesday, said the head of ICE, an exchange and clearing house operator. Corzine, banks fail to win dismissal of MF Global lawsuit NEW YORK (Reuters) - A federal judge on Tuesday rejected a bid by former MF Global Holdings Ltd chief executive Jon Corzine to dismiss investor litigation seeking to hold him, other executives and many banks responsible for the futures brokerage's rapid collapse. Alitalia job cuts plan unlikely to win Air France rescue MILAN/PARIS (Reuters) - Cash-strapped Italian airline Alitalia is planning the first mass firing since its it was privatized in 2008 to cut costs, but a source said it was unlikely to go far enough to persuade top shareholder Air France-KLM to rescue it in a cash call. EU leaders promise jobs for 'lost generation' of youth PARIS (Reuters) - European leaders pledged on Tuesday to make fighting youth unemployment in the bloc a priority but came up with no new ideas to tackle a problem that risks fuelling social unrest and distrust of mainstream parties. Exclusive: Cisco rival Arista Networks picks banks for IPO - sources NEW YORK (Reuters) - Arista Networks, a maker of network switches that competes with much bigger rival Cisco Systems Inc, has selected banks to lead a proposed initial public offering for next year, according to people familiar with the matter. Ex-hedge fund exec wins SEC leniency for helping thwart fraud (Reuters) - A former hedge fund administrator has reached an agreement with the Securities and Exchange Commission that marks the first time the regulator agreed not to begin an enforcement action against an individual as a reward for cooperating in a probe. U.S. banks may get power to challenge money laundering exams WASHINGTON (Reuters) - Wall Street banks could get greater power to fight back against bad report cards on their efforts to combat money laundering under a proposal being discussed by U.S. regulators and the financial industry. Related Video UK still waiting for high speed trains Daily Digit: 38% likely Thanksgiving shoppers Economic News Two Fed officials say aggressive policy action still needed Fed's Lockhart: jobs report doesn't alter December QE taper decision 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