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Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would slow its stimulus program from April, while Wall Street extended the previous session's gains. European stocks rose after the ECB decision to reduce the long-running bond buying program to 60 billion euros a month, from 80 billion, from April to December 2017. "Currencies are reacting more to the extension and bonds are focused on the taper," said Frances Donald, senior economist at Manulife Asset Management in Boston.
The U.S. surgeon general is calling e-cigarettes an emerging public health threat to the nation's youth. In a report released Thursday, Surgeon General Vivek Murthy acknowledged a need for more research ...
By Amanda Becker and Robert Iafolla WASHINGTON (Reuters) - President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor. Puzder, chief executive of CKE Restaurants Inc [APOLOT.UL], which operates the Carl's Jr. and Hardee's fast-food chains, has been a vociferous critic of government regulation of the workplace. Puzder frequently publishes commentary and gives television interviews in which he argues that higher minimum wages would hurt workers by forcing restaurants to close, and praises the benefits of automation in the fast-food industry.