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Lackluster market ... Federal Reserve minutes ... Bank fines

By The Associated Press | Posted - May 20, 2015 at 3:21 p.m.



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NEW YORK (AP) — The stock market showed little life today, closing its trading day barely changed from yesterday. The S&P 500 Index closed down 1.98 points to 2,125.85. The Dow Jones industrial average slipped 26.99 points, or 0.2 percent, to 18,285.40. The Nasdaq composite rose 1.71 points, less than 0.1 percent, to 5,071.74.

WASHINGTON (AP) — Federal Reserve policymakers largely agreed when they met last month that it would be too early to start raising interest rates in June, as they debated whether the economy's winter weakness would fade or persist. Divergent views on monetary were revealed today when the board released the minutes of its meeting in late April.

WASHINGTON (AP) — Four of the world's biggest banks have agreed to pay more than $5 billion in penalties and plead guilty to rigging the currency markets. Traders at JPMorgan Chase, Citigroup, Barclays and the Royal Bank of Scotland were accused of conspiring among themselves to manipulate rates on the foreign exchange market, where hundreds of billions of dollars and euros change hands back and forth.

COLUMBUS, Ohio (AP) — Three nationwide credit reporting agencies have agreed to fix disputed information on credit reports more quickly and wait longer before adding potentially damaging information on medical debt. They also agreed to scrutinize certain data furnished by outside entities, according to a multistate settlement announced today. Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states.

NEW YORK (AP) — In the latest disclosure of a cyberattack against a health insurer, CareFirst BlueCross BlueShield says attackers gained access to a database that included the names of 1.1 million people. The company says the breach happened in June 2014 after a "sophisticated cyberattack." It says the attackers got into a database that included the names, usernames, birth dates, email addresses and subscriber ID numbers of about 1.1 million current and former members and people who did business with CareFirst.

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The Associated Press

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