NY Fed found serious problems at Deutsche Bank's U.S. arms: sources

FRANKFURT - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's DBKGn.DE U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters.

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NEW YORK - The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.

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Apple margin concerns fade, focus shifts to iPhone launch

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Five held in China food scandal probe, including head of Shanghai Husi Food

SHANGHAI/LANGFANG China - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands including KFC and McDonald's Corp over allegations the firm supplied out-of-date meat.

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SEC adopts long-awaited reforms for money market funds

WASHINGTON - U.S. securities regulators adopted rules on Wednesday to curb the risk of investor runs on institutional money market funds, mainly by requiring their value to float instead of maintaining a value of $1 per share.


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