Analysis: In banking reform, Europe zig-zags but still moves forward
BRUSSELS (Reuters) – The European Union does not draw straight lines.
Traffic at Target stores falls after data breach: WSJ
(Reuters) – In the wake of a massive data breach, Target Corp suffered reduced customer traffic over one of the busiest shopping weekends of the year, the Wall Street Journal reported.
In wake of budget deal, Congress slices up trillion-dollar pie
WASHINGTON (Reuters) – As Washington empties out for the holidays, a final budget fight will play out in the nearly empty Capitol building as congressional staffers parcel out more than $1 trillion to fund everything from cybersecurity to student loans…
South Korea fines Denso, Continental, Bosch units for price collusion
SEOUL (Reuters) – South Korea’s anti-trust regulator has fined the units of Denso Corp, Continental AG and Bosch a total of 114.6 billion won ($107.99 million), saying they had fixed prices of parts sold to Hyundai Motor Co.
Boeing machinists to vote January 3 on revised contract
NEW YORK (Reuters) – Unionized workers at Boeing Co will vote on January 3 on the company’s latest proposed contract, according to a statement issued by the International Association of Machinists and Aerospace Workers on Sunday evening.
Tiffany ordered to pay Swatch $449 million in damages, cuts outlook
ZURICH/NEW YORK (Reuters) – Tiffany & Co on Sunday said a Dutch arbitration court ruled that it must pay Swatch Group 402 million Swiss francs ($448.79 million) in damages over their failed joint venture to produce and market watches, and the New York-based jeweler slashed its profit outlook for the year.
Asian shares creep higher, wary of China credit strains
SYDNEY (Reuters) – Asian markets inched cautiously higher on Monday encouraged by record highs for Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies.
With Fed out of the way, what’s next on Wall Street?
NEW YORK (Reuters) – With the U.S. Federal Reserve finally announcing it will start tapering its stimulus, it removed a big uncertainty in the market last week and raised the question: Can Wall Street expect a stronger finish to the year? Not really.
Apple says in iPhone pact with China Mobile; no terms disclosed
NEW YORK (Reuters) – Apple Inc on Sunday announced a multiyear deal with China Mobile to bring its iPhone product lines to China, starting January 17, 2014.
Tiffany cuts outlook after Dutch court ruling
ZURICH (Reuters) – Tiffany & Co on Sunday cut its full-year outlook following a Dutch court ruling that it must pay Swatch Group 402 million Swiss francs ($448.79 million) in damages.
