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U.S. markets news

Fed Officials Ready for Faster Rate Increase as Data Improve
Improving labor markets are bringing Federal Reserve officials closer to a time when they can get back to bread-and-butter central banking, where there's a tighter connection between changes in economic data and movements in short-term interest rates.
Talk of Higher Interest Rates Doesn't Deter the Market  New York Times
Fed minutes signal growing pressure to raise interest rates sooner  Los Angeles Times
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Hewlett-Packard Revenue and Cash Flow Improve, but Earnings Fall
Hewlett-Packard's third-quarter revenue edged out what analysts on Wall Street had expected the company would generate. Credit Justin Sullivan/Getty Images.
Hewlett-Packard posts surprise revenue gain after PC sales jump  Reuters
HP results show the PC is alive and well  MarketWatch
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Why Bank of America Deal Might Not Cost It $17B
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
BofA MBS Accord With U.S. Said Coming as Soon as Today  Bloomberg
Bank of America and DOJ near $17 billion settlement over mortgage securities  Washington Post
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UPDATE 4-Car rental firm Hertz is latest victim of auto recalls
(Adds Hertz comment). By Rohit T. K. and Sagarika Jaisinghani. Aug 20 (Reuters) - While an improving U.S. economy has helped rev up demand for car rentals, the rental companies have found themselves short of vehicles due to the slew of recalls by car ...
Hertz Issues Statement  MarketWatch
Carl Icahn pressures Hertz board after taking stake in struggling car rental ...
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UPS hit by cyber attack
United Parcel Service is among a new wave of retailers that have been targeted by cyber criminals, with data from more than 100,000 transactions exposed at franchises across the US.
UPS Store hacked, possibly compromising user data  CNET
UPS Store warns of data breach at 51 locations nationwide  Chicago Tribune
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Warren Buffett's Berkshire Hathaway to Pay $896000 Civil Penalty on Antitrust ...
'We made a mistake when we overlooked the filing requirement,' CEO Warren Buffett says. Associated Press. Warren Buffett's crisis-era investments made him a fortune, but one resulted in a small black eye for the billionaire investor as well.
Berkshire investor's departure dims Buffett mystique  The Globe and Mail
Buffett's Berkshire slammed with maximum penalty  CNBC
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Target's biggest challenge isn't bouncing back from the data breach
Target continues to struggle to bounce back from a massive security breach last year, but its latest earnings report released Wednesday morning shows that the shopping habits of low- and middle-income consumers may be a bigger problem.
How Target strayed deep into the red in Canada  The Globe and Mail
Target sees profit fall months after credit card hack, struggles to win back ...  New York Daily News
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Dollar rally finds new wings on hawkish-sounding Fed minutes
SYDNEY (Reuters) - The U.S. dollar traded at 11-month highs against a basket of major currencies early on Thursday, having been given a second wind after minutes of the Federal Reserve's July meeting sounded slightly hawkish.
Dollar jumps up on hawkish Fed minutes  NASDAQ
US dollar rallies after Fed minutes release  MarketWatch
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Airlines monitor possible volcanic activity in Iceland
Airlines are keeping an eye on possible volcanic activity in Iceland, after a previous eruption there in 2010 caused massive flight disruptions.
Penn State's season opener in Ireland is in jeopardy thanks to a volcano ...  USA TODAY
Iceland's Bardarbunga volcano alert raised to orange  BBC News
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Debate Over Role of Central Banks Expected in Jackson Hole
When the world's top central bankers and economists gather around the campfire this week at their annual meeting in Jackson Hole, Wyo.
Business Highlights
America Inc. Gets Schooled on Wages  Wall Street Journal
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