At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
NEW YORK - Stocks dipped modestly at the open on Wednesday, but held on to most of their gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference. | Video
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Justice Dept seeks change on futures exchanges: report
NEW YORK |
NEW YORK (Reuters) - The U.S. Justice Department has called for change in financial futures exchanges, saying they should not own the trade clearing business as it inhibits competition, The Wall Street Journal reported on Wednesday.
The report said the Justice Department's recommendation could affect the potential merger of CME Group Inc CME.N, parent of the Chicago Mercantile Exchange, and Nymex Holdings Inc NMX.N, parent of the New York Mercantile Exchange.
Department officials were not immediately available for comment.
(Reporting by Ritsuko Ando)
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