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RBA Shifts Toward Neutral After Cutting Rate to Record: Economy Bloomberg Australia's central bank damped expectations of further interest rate cuts after reducing its benchmark to a record low, sending the local dollar higher. Governor Glenn Stevens cut the overnight cash-rate target by a quarter percentage point to 2.5 percent and ... See all stories on this topic »
Justice Dept. Sues Bank of America Over Mortgage Securities New York Times The Justice Department sued Bank of America on Tuesday, accusing the bank of defrauding investors by vastly understating the risks of the mortgages backing some $850 million in securities. The lawsuit adds to the hefty legal burden of the bank, which has ... See all stories on this topic »
UBS Agrees to Settle Federal Claims in Mortgage Case New York Times (blog) UBS was linked to the recent civil trial of a former Goldman Sachs trader through ACA Arnd Wiegmann/ReutersUBS was linked to the recent civil trial of a former Goldman Sachs trader through ACA Management, a company that helped structure mortgage ... See all stories on this topic »	New York Times (blog)
TransUnion: Rate of late payments on US mortgages falls to lowest level in 5 years Washington Post LOS ANGELES — Homeowners are doing a better job of making timely mortgage payments, a trend that brought down the national late-payment rate on home loans in the second quarter to the lowest level in five years. The percentage of mortgage holders at ... See all stories on this topic »
As French Idea of Restaurant Changes, So Does Law ABC News The country that gave us the words restaurant, bistro and cuisine is changing how it eats. For the first time in France, fast food overtook traditional restaurant receipts as the economic crisis deepened, and the share of people who pack a lunch for work is rising ... See all stories on this topic »	ABC News
India Names Rajan Central Bank Governor as Rupee Plunges Bloomberg Raghuram Rajan, who predicted the 2008 global financial crisis, was named the next governor of India's central bank as the nation struggles to revive economic growth, support the rupee and damp inflation. Rajan, 50, a University of Chicago professor whose ... See all stories on this topic »
Fed's Evans sees tapering, pickup in second half MarketWatch WASHINGTON (MarketWatch) — The economic fundamentals "are actually really better" allowing the U.S. central bank to begin to slow down the pace of its asset purchases before year end, a voting Federal Reserve official said Tuesday. Bloomberg. Charles ... See all stories on this topic »	MarketWatch
Reservations system outage causes delays at LAX, other airports Los Angeles Times Several airlines are reporting delays at Los Angeles International Airport and elsewhere late Monday after a worldwide online reservation system developed glitches. "At approximately 9:25 p.m. tonight, LAX Airport Operations received a report of a system ... See all stories on this topic »
Carl Icahn Buys 4 Million Dell Shares Wall Street Journal Carl Icahn bought four million more shares of Dell Inc. last week, according to a securities filing, upping his stake slightly in an ongoing fight against the technology company's buyout. Mr. Icahn now holds 156.5 million shares, or 8.9% of the company, boosting ... See all stories on this topic »
Fisher Says Jobs Data Moves Fed Closer to Scaling Bank QE3 Wall Street Journal July's decline in unemployment should push the Federal Reserve closer to scaling back its $85 billion-per-month in bond purchases, Dallas Fed president Richard Fisher said Monday. Underscoring the divisions within the central bank over the program, Mr. See all stories on this topic »

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