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Business

  • Deal reached to sell supermarket chain to ex-CEO
    A New England supermarket chain that has been in turmoil for weeks over a workers’ revolt and customer boycott has announced that the former CEO is buying the company from rival relatives.
  • FBI investigating reports of attacks on US banks
    The FBI said Wednesday it’s working with the Secret Service to determine the scope of recently reported cyberattacks against several U.S. financial institutions.  A report on Bloomberg.
  • IMF chief faces probe for fraud
    PARIS – Christine Lagarde, the chief of the International Mon­e­tary Fund, was put under of­fi­cial investigation for negli­gence in a French corruption probe that dates back to her days as France’s
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U.S. futures mixed after S&P closes at 5-year high

NEW YORK (AP) — Stock futures are mixed in light volume with markets awaiting the next rush of earnings reports

Dow Jones industrial futures are down 3 points to 13,403. The broader S&P futures have lost 0.40 points to 1,466.70. Nasdaq futures are up a point at 2,738.

Traders appear to be holding their positions a day after the Standard & Poor's 500 Index ended at a five-year peak.

Also Friday, the government reports on the U.S. trade gap for November. The forecast is that the deficit narrowed to $41.3 billion from $42.2 billion in October. Later Friday, the Treasury reports on the federal budget for December.

Wells Fargo on Friday is the first major bank to post earnings, They'll be followed next week by the global financial services company, Morgan Stanley.

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