WASHINGTON - U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
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NEW YORK - U.S. stocks edged up on Wednesday, with markets on tenterhooks ahead of the Federal Reserve's last policy announcement of the year, which might determine the immediate future of its 15-month long program to stimulate the economy. | Video
LONDON - Royal Bank of Scotland said Rory Cullinan, the head of its non-core business, will have responsibility for managing the flotations of its U.S. bank Citizens and a network of 314 UK branches being spun off.
RIO DE JANEIRO - OSX Brasil SA expects a deal in the coming days to delay an interest payment on bonds sold to finance an oil production ship, a move that will help the ailing Brazilian shipbuilder move ahead with a restructuring plan, a senior executive said on Wednesday.
WASHINGTON - Dennis Muilenburg, head of Boeing's defense division, will be named chief operating officer of the overall parent company Boeing Co , a source familiar with the decision said on Wednesday, making him the "heir apparent" to the company's chief executive, Jim McNerney.
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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