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Wall St. clings to records, helped by banks; tech falters

(Reuters) - The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session. Five of the 11 major S&P sectors ended lower. Rising U.S. Treasury yields...

Toys 'R' Us files for bankruptcy ahead of holiday season

(Reuters) - Toys ‘R’ Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by...

HSBC says sees two UK interest rate hikes by end-2018

 HSBC, one of Britain’s “Big Four” banks, expects the Bank of England to raise interest rates twice over the coming 12 months, it said on Monday, having previously seen rates staying at their record lows until the end of 2018. The bank said it expected rates to be lifted by...