LONDON - Financial markets were cautious on Wednesday as investors waited to see if the Federal Reserve might announce it is trimming its massive stimulus program.
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Recent Business News
LONDON - Graham Mackay, the chairman of SABMiller and one of the best-known figures in the global beer industry, died on Wednesday from cancer. He was 64.
NEW YORK - JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court on Tuesday, saying the agency owes it more than $1 billion in compensation for not assuming legal claims arising from its acquisition of Washington Mutual's assets after its 2008 implosion.
NEW YORK - Ares Management LLC has been pitched on the idea of an initial public offering for the past year, but the firm that had been widely expected to be the next among major private equity firms to go public has no plans to pull the trigger just yet.
- With biotech's bull run nearing its third year, some savvy investors believe it is time to seek safety in size.
The US Labor Department reported that the Consumer Price Index (CPI), used to measure inflation, was flat in November compared to the previous month.
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