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Wednesday, January 29, 2014

Before the Bell: Fed poised for $10 billion taper as Bernanke bids adieu

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01/29/2014
 
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
Fed poised for $10 billion taper as Bernanke bids adieu
(Reuters) - Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from trimming its bond-buying stimulus on Wednesday, as Ben Bernanke wraps up his last policy meeting at the helm of the U.S. central bank.
Turkish lira back on the rack as Fed keeps markets on edge
LONDON (Reuters) - Turkey's lira and other emerging market currencies were back under pressure on Wednesday as expectations the Federal Reserve will press on with stimulus cuts later in the day reheated doubts over developing markets' appeal for investors.
Exclusive - Google close to settling EU antitrust probe - sources
BRUSSELS (Reuters) - Google is close to settling a three-year antitrust probe by European regulators after it offered "much better" concessions to allay concerns over blocking rivals from internet search results, two sources said on Wednesday.
Boeing Q4 core profit up 29 percent, sees 2 percent rise in 2014
NEW YORK (Reuters) - Aerospace and defense company Boeing Co reported net profit that beat expectations for the fourth quarter on Wednesday, and said it expected deliveries of commercial airplanes to surge in 2014.
Chrysler Group sees 11 percent rise in 2014 revenue to $80 billion
DETROIT (Reuters) - Chrysler Group LLC, which is owned by Fiat SpA , on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014.
Fannie Mae to sell $500 million in bills on Wednesday
(Reuters) - Fannie Mae , the largest U.S. home funding source, said on Wednesday it plans to sell $500 million of benchmark bills on Wednesday.
Deutsche Bank faces up to long battle to restore reputation
FRANKFURT (Reuters) - The reputational risks surrounding Deutsche Bank have grown and it still has some way to go to win back public trust and prove it can overhaul its corporate culture, the bank's two chief executives said on Wednesday.
Deutsche Bank says not discussing equity capital hike
FRANKFURT (Reuters) - Deutsche Bank has not discussed raising equity capital but will pursue plans to begin raising around 5 billion euros ($6.83 billion) in additional tier one regulatory capital this year, co-Chief Executive Anshu Jain told Reuters in an interview.
Canon appoints first outside directors after years of resistance
TOKYO (Reuters) - Canon Inc has appointed its first outside directors, ending years of high-profile resistance to opening up its boardroom as pressure mounts on Japan's big companies to improve governance and better manage risks.
Novartis keeps CEO pay steady, but incoming chairman pay drops
BASEL (Reuters) - Novartis kept pay for its Chief Executive Joe Jimenez steady, after cutting it last year before a Swiss vote to force companies to accept shareholder limits on executive rewards.
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