BoE's Ben Broadbent Tells CNBC: Bernanke's QE Remarks Were Not Surprising
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*S&P 500 drops after best two-day run in a month. *Dow down 0.5 pct, S&P 500 off 0.6 pct, Nasdaq off 0.2 pct. He said if the market thought the deal was off, the S&P 500 would slide below 1,400. It stands now near 1,440, nor far from a two-month high.
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NEW YORK, Dec 19- A relatively unknown German holding company this week made its third move on a coffee company as it tries to assemble a juggernaut that can challenge chains like Starbucks Corp and Dunkin' Brands Group Inc.
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NEW YORK, Dec 19- U.S. It will also sell $14 billion in five-year Treasuries Inflation-Protected Securities on Thursday. " We've moved to the bottom of the range, "said Tom Tucci, head of Treasuries trading at CIBC in New York.
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*Warns U.S. could face Brazil retaliation over cotton. WASHINGTON, Dec 19- Agriculture Secretary Tom Vilsack on Wednesday said there was a serious risk the deeply divided U.S. Congress will not complete work on a new five-year farm bill by year-end. "We're going to encourage Congress to get this done," Vilsack told reporters after his speech.
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Dec 19- William Ackman, one of the world's biggest hedge fund managers, said on Wednesday he is shorting Herbalife Ltd, a move that helped send the weight management products company's stock down more than 12 percent.
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WASHINGTON, Dec 19- Progress in talks in avoid a fiscal crisis appeared to stall on Wednesday as President Barack Obama accused Republicans of digging in their heels due to a personal grudge against him, while a Republican leader called the president "irrational."
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NEW YORK, Dec 19- Expiring U.S. January crude futures rose on Wednesday on expectations that a battle over the U.S. budget will be resolved and reduce the threat of recession and of curbed demand for oil. January crude futures rose $1.58, or 1.80 percent, to settle at $89.51 a barrel, having traded from $87.81 to $89.90.
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*IMF says BoC should resume modest tightening in late 2013. TORONTO, Dec 19- Canada's economy should start ramping up in the second half of next year following a couple years of sluggish growth, allowing the Bank of Canada to resume raising interest rates by the end of 2013, the International Monetary Fund said on Wednesday.
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WASHINGTON, Dec 19- The U.S. Commerce Department on Monday set final anti-dumping duties on about $1 billion worth of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool. The U.S. International Trade Commission must give final approval for duties to go into force.
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Dec 19- Chinese display-advertising provider Focus Media Holding Ltd said on Wednesday it agreed to be bought by a consortium of private equity funds led by Carlyle Group for about $3.6 billion. Carlyle and some of China's top private equity funds, working with the chief executive of the company, had made the offer in August.
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WASHINGTON, Dec 19- President Barack Obama will be responsible for taxes rising on Americans if he does not "get serious" about a balanced deficit reduction plan or demand Senate passage of a Republican bill to prevent tax increases on all income below $1 million, House Speaker John Boehner charged on Wednesday.
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NEW YORK, Dec 19- U.S. stocks extended losses on Wednesday, with the S&P 500 and Dow Industrials briefly at session lows after House Speaker John Boehner said the House of Representatives will pass a budget proposal that President Barack Obama had already threatened to veto. The S&P 500 dropped 5.39 points, or 0.37 percent, to 1,441.40.
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Dec 19- William Ackman, one of the world's biggest hedge fund managers, said on Wednesday that he is shorting Herbalife Ltd, a move which helped send the weight management products company's stock price down more than 12 percent.
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The U.S. broker-dealer of Deutsche Bank AG exaggerated its trading volume by 4 percent, or more than 4 billion shares, between mid-October 2010 and mid-June 2012, the Financial Industry Regulatory Authority said in a consent order filing dated Dec. 14.
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SAN FRANCISCO, Dec 19- Video game maker THQ Inc said Wednesday it filed for bankruptcy, and private investment firm Clearlake Capital Group has offered to buy its assets.
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NEW YORK, Dec 19- A federal judge on Wednesday approved a $762 million payment from Amgen Inc, the final step to resolve nearly a dozen criminal and civil cases stemming from the sale of its once-blockbuster anemia drug Aranesp and several others.
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SAO PAULO/ RIO DE JANEIRO, Dec 19- Brazil's Vale SA, the world's second-largest mining company, settled tax disputes in Switzerland and Brazil and will take charges of about $448 million against earnings in the fourth quarter, the company said in statements on Wednesday.
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WASHINGTON, Dec 19- The U.S. Commerce Department on Monday set final anti-dumping duties on about $1 billion worth of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool.
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Dec 19- Chinese display-advertising provider Focus Media Holding Ltd said on Wednesday it agreed to be bought by a consortium of private equity funds led by Carlyle Group, for about $3.6 billion.
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WASHINGTON, Dec 19- Despite reports to the contrary, young adults haven't given up on the American dream of homeownership. They are just biding their time. As many as 93 percent of millennial-generation renters plan to buy a home someday, according to a recent poll by real estate website Trulia.