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  • Police chief: Very strong risk of City cyberattack Wednesday, 19 Nov 2014 | 7:34 AM ET
    A masked man speaking in what is believed to be a North American accent in a video that Islamic State militants released in September 2014.

    There is a very strong likelihood that Islamist terrorists will launch a cyberattack, the head of the City of London police warned. The FT reports.

  • Nov 19- Cloud security software maker CipherCloud said it raised $50 million financing from Transamerica Ventures, Delta Partners, and existing investors Andreessen Horowitz and T-Ventures. The company's products enable users to secure data by encryption across multiple cloud applications such as Salesforce.com Inc, Google Inc's Gmail and Microsoft...

  • MOSCOW, Nov 19- Russia's second-largest bank VTB is expected to report an 84 percent drop in third-quarter year-on-year net profit, hurt by higher provisions for bad loans, losses linked to the Ukraine crisis and a weaker rouble, analysts said. VTB's third-quarter net profit, to be reported on Thursday, is expected to reach 3 billion roubles, according to the...

  • KKR, CD&R prepare joint bid for PetSmart: Sources Tuesday, 18 Nov 2014 | 7:17 PM ET

    Buyout firms KKR & Co LP and Clayton, Dubilier & Rice LLC (CD&R) have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday.

  • NEW YORK, Nov 18- Buyout firms KKR& Co LP and Clayton, Dubilier& Rice LLC have teamed up to take PetSmart Inc private for more than $7.5 billion, people familiar with the matter said on Tuesday, as the auction for the pet food retailer heats up. KKR and CD&R are planning to submit a joint bid for PetSmart next month, the people said. PetSmart shares traded up 2.2 percent on...

  • Final Glance: Banks companies Tuesday, 18 Nov 2014 | 6:02 PM ET

    Bank of America Corp. rose$. 05 or. 3 percent, to $17.14. Citigroup Inc. rose$. 24 or. 4 percent, to $53.81. Goldman Sachs fell$. 29 or. 2 percent, to $189.64.

  • Midday Glance: Banks companies Tuesday, 18 Nov 2014 | 1:24 PM ET

    Bank of America Corp. rose$. 09 or. 5 percent, to $17.18. Citigroup Inc. rose$. 37 or. 7 percent, to $53.94. JPMorgan Chase rose$. 37 or. 6 percent, to $60.75.

  • LONDON, Nov 18- British lawmakers will quiz top bankers in the wake of last week's $4.3 billion deal with regulators to settle allegations of collusion and manipulation in the foreign exchange market, a source familiar with the matter said on Tuesday. The TSC, charged with overseeing finance, had been expected to publicly question bankers and regulators after...

  • Early Glance: Banks companies Tuesday, 18 Nov 2014 | 10:23 AM ET

    Bank of America Corp. rose$. 01 or. 1 percent, to $17.10. Citigroup Inc. rose$. 39 or. 7 percent, to $53.96. Goldman Sachs rose$. 28 or. 1 percent, to $190.21.

  • Seven firms paid CEOs more than Uncle Sam Tuesday, 18 Nov 2014 | 7:40 AM ET
    Jamie Dimon, CEO of JP Morgan Chase (L), Mary Barra, CEO of GM (C), and Mark Fields, CEO of Ford Motors (R).

    Seven of the 30 largest U.S. firms paid more money to their CEOs last year than they paid in U.S. federal income taxes, according to a study.

  • The seven companies cited were Boeing Co, Ford Motor Co, Chevron Corp, Citigroup Inc, Verizon Communications Inc, JPMorgan Chase& Co and General Motors Co.. In reply, Verizon said it paid $422 million in income taxes in 2013. "We do not provide a breakdown between federal vs. state in that total; however, I am confirming for you that the federal portion of that number is...

  • Final Glance: Banks companies Monday, 17 Nov 2014 | 6:02 PM ET

    Bank of America Corp. fell$. 05 or. 3 percent, to $17.09. Citigroup Inc. rose$. 19 or. 4 percent, to $53.57. Goldman Sachs fell$. 05 or percent, to $189.93.

  • TORONTO, Nov 17- JPMorgan Chase& Co said on Monday it notified Sears Canada Inc that it plans to terminate their credit card agreement, in another setback for the retailer. In the event of a sale, JPMorgan would pay Sears Canada up to C $174 million under certain circumstances. Sears Canada and JPMorgan said the bank will service the credit card business until at...

  • WASHINGTON, Nov 17- A heavyweight list of bankers and regulators will appear before a U.S. Senate committee this week in a probe into Wall Street's role in commodity markets and ahead of possible tougher rules from the Federal Reserve. On Thursday, speakers will include Christopher Wibbelman, the head of Goldman Sachs's warehousing unit Metro International...

  • Nov 17- Botox maker Allergan Inc on Monday accepted a $66 billion takeover bid from Actavis Plc, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc.. Besides the higher price tag, the Actavis deal came with only $400 million in R&D cuts for Allergan, far less than the $900 million decrease...

  • NEW YORK, Nov 17- Former customers of Bernard Madoff may soon recover an additional $496.8 million as a result of a settlement with two "feeder funds" that was announced on Monday by the trustee liquidating the swindler's firm. The settlement, with the Herald Fund SPC and Primeo Fund, both based in the Cayman Islands, is one of the largest obtained by the trustee,...

  • Midday Glance: Banks companies Monday, 17 Nov 2014 | 2:21 PM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $17.07. JPMorgan Chase rose$. 07 or. 1 percent, to $60.35. US Bank rose$. 07 or. 2 percent, to $43.80.

  • NEW YORK, Nov 17- Actavis will issue around US $27.5 bn of new debt to finance its US $66 bn acquisition of Botox-maker Allergan, but about half of it will be short-dated to help the company keep its investment-grade ratings. Both Moody's and Fitch said they would not downgrade Actavis to junk despite the increased debt, believing strong cash flow will enable it to...

  • WASHINGTON, Nov 17- A U.S. Senate panel on Monday said Federal Reserve Governor Daniel Tarullo and executives from Goldman Sachs, Morgan Stanley and JPMorgan Chase would appear at a hearing this week on banks' involvement in physical commodities. The Permanent Subcommittee on Investigations' two-day hearing on Thursday and Friday will focus on banks'...

  • NEW YORK, Nov 17- JPMorgan on Monday downgraded its view of the U.S. stock market, reversing its overweight call to underweight as valuations relative to Europe had "turned outright expensive." While Europe is expected to perform better than the U.S. equity market, JPMorgan wrote that it expects U.S. stocks to continue scaling new highs, as they have throughout the...