Asian officials braced for some financial-market volatility after the Federal Reserve announced plans to reduce its monetary stimulus, with South Korea pledging to act to cool currency fluctuations if needed.
The Secret Service has confirmed to USA TODAY that it is investigating a potential massive data breach involving shoppers' personal credit card information and Target retail stores.
... Print. * FTSEurofirst 300 gains 1.6 pct, Euro STOXX 50 up 2 pct. * Stocks rally as Fed's stimulus cut seen modest. * Cyclicals up; financials up about 2 percent.
The Volcker Rule, agreed last week by America's largest financial regulatory bodies, gives some of the country's biggest banks significantly less time than they asked for to prepare their data analysis and metrics reporting IT systems.
Housing starts climbed 22.7% month over month in November to an annualized pace of 1.091 million. Permits beat expectations, coming in at 1.007 million (but down from the original 1.034 million figure in October).