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First-time buyers boost U.S. home sales; jobless claims rise

Thu, 20 Oct 2016 12:15:44 -0400

WASHINGTON (Reuters) - U.S. home resales surged in September after two straight months of declines as first-time buyers stepped into the market, pointing to underlying momentum in the economy.(image)

AmEx leads Wall St. recovery, tech stocks weigh on Nasdaq

Thu, 20 Oct 2016 12:56:35 -0400

(Reuters) - Wall Street recovered sharply to trade flat on Thursday as a rally in American Express and health stocks helped counter a drop in Verizon and technology stocks.(image)

Verizon revenue drops as subscriber additions disappoint

Thu, 20 Oct 2016 13:30:58 -0400

(Reuters) - Verizon Communications Inc  added fewer than expected wireless subscribers in the third quarter due to intense competition, and indicated it may renegotiate a deal to buy Yahoo Inc after a breach of Yahoo user email accounts.(image)

BIS to hear initial verdict on sterling crash in November

Thu, 20 Oct 2016 14:01:13 -0400

LONDON (Reuters) - Central bank officials looking into the factors behind the dramatic fall sterling took on Oct. 7 will make an initial report to the Bank for International Settlements in early November, sources with knowledge of the investigation said.(image)

Wal-Mart to open Sam's Club on

Thu, 20 Oct 2016 13:52:14 -0400

(Reuters) - Wal-Mart Stores Inc said it was launching its warehouse retail business Sam's Club and a store for imported products on Inc's platform, three months after the world's largest retailer took a stake in the no. 2 Chinese e-commerce company.(image)

U.S. home resales rise, prices also up as inventory stays tight

Thu, 20 Oct 2016 10:06:01 -0400

WASHINGTON (Reuters) - U.S. home resales rose more than expected in September, boosted by a firming labor market that is helping buyers overcome a fast increase in prices and a national shortage in inventory.(image)

Ex-Goldman recruit drives HSBC's investment banking ambitions

Thu, 20 Oct 2016 12:28:22 -0400

LONDON (Reuters) - Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues.(image)

U.S. judge picks monitor for Deutsche Bank over regulator's choice

Thu, 20 Oct 2016 12:36:18 -0400

NEW YORK (Reuters) - A U.S. judge on Thursday approved a U.S. Commodity Futures Trading Commission deal with Deutsche Bank AG in which a monitor would be appointed to ensure the bank reports swaps data properly, but named someone other than the regulator's choice.(image)

Exclusive: Blockchain platform developed by banks to be open-source

Thu, 20 Oct 2016 09:34:26 -0400

LONDON (Reuters) - A blockchain platform developed by a group that includes more than 70 of the world's biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology.(image)

California launches criminal probe into Wells Fargo account scandal

Thu, 20 Oct 2016 10:25:10 -0400

WASHINGTON (Reuters) - The California Attorney General's Office has launched a criminal investigation into Wells Fargo over allegations it opened millions of unauthorized customer accounts and credit cards, according to a seizure warrant seen by Reuters.(image)