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Fed likely to keep rates steady as it awaits Trump economic plan

By Lindsay Dunsmuir WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies. Trump has promised a large infrastructure spending program, tax cuts, a rollback of regulations and a renegotiation of trade deals but has offered few details or a timeline for their roll out…

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Fed likely to keep rates steady as it awaits Trump economic plan

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Wells Fargo agrees to $50 million settlement over homeowner fees

Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court. Wells Fargo's settlement of the lawsuit comes as the bank is still recoiling from a scandal over sales targets that drove employees

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Wells Fargo agrees to $50 million settlement over homeowner fees

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Newest weapon in U.S. hunt for insider traders paying off

By Nate Raymond NEW YORK (Reuters) – When plumber Gary Pusey pleaded guilty in May to insider trading, it was a victory not just for New York prosecutors but for a little-known squad inside the U.S. Securities and Exchange Commission that uses data analysis to spot unusual trading patterns. Formed in 2010, the Analysis and Detection Center of the SEC's Market Abuse Unit culls through billions of rows of trading data going back 15 years to identify individuals …

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Newest weapon in U.S. hunt for insider traders paying off

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Fed to hold rates steady, put December hike firmly in view

The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday but set the stage for a hike in December amid signs the economy is picking up steam. The central bank has grown increasingly confident about raising rates and Chair Janet Yellen said in September that a move before the end of the year was likely should…

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Fed to hold rates steady, put December hike firmly in view

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Fed keeps rates steady, signals one hike by end of year

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. Fed Chair Janet Yellen, speaking after the central bank's latest policy statement, said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fueling high inflation.

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Fed keeps rates steady, signals one hike by end of year

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

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Wells Fargo will pay $190 million to settle customer fraud case

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U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength

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U.S. jobless claims fall as labor market remains strong

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U.S. jobless claims fall as labor market remains strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labor market strength even as the pace of job growth is slowing. Despite signs of underlying labor market strength, also corroborated by record high job openings, August's slowdown in job growth, together with sluggish factory and services sector activity could encourage the Federal Reserve to keep interest rates unchanged at its Sept. 20-21 policy meeting. “The labor market

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U.S. jobless claims fall as labor market remains strong

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Teva, Allergan win U.S. antitrust approval for generics deal

WASHINGTON (Reuters) – Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday.

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Teva, Allergan win U.S. antitrust approval for generics deal

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SABMiller pauses AB InBev integration amid new offer

By Martinne Geller LONDON (Reuters) – SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. “This is another big piece of news to take in and I appreciate this will cause lots of internal and external speculation.

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SABMiller pauses AB InBev integration amid new offer

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