Doug Nidiffer, chairman of the board for C&K Market Inc., holds a ribbon outside the newly remodeled Chetco Pharmacy and Gifts on Chetco Avenue Saturday as Brookings City Council Ron Hedenskog and City Manager Gary Milliman, right, look on. C&K Market purchased the store last year. Submitted photo
Asian shares shrugged off early losses on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy continues to gather gradual ...
Regulators also will unveil a separate proposal governing how much money swaps buyers and sellers must set aside when they make trades outside central clearing houses. The rules from the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC) are part of a series of reforms aimed at making banks sturdier and heading off another economic meltdown. The liquidity rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a key pillar of the international agreement known as Basel III. They aim to ensure banks have easy-to-sell assets on hand so they could meet customer withdrawals or post collateral in a crunch.
Shares of the home improvement chain closed 2 percent lower at $91.15 on the news, which highlights growing scrutiny of data security in the retail industry following a massive breach at Target Corp last year. "At this point, I can confirm that we’re looking into some unusual activity and we are working with our banking partners and law enforcement to investigate," Home Depot representative Paula Drake wrote in an emailed statement to Reuters.