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C.bankers worry over action plan

LONDON (Reuters) - Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as US banking giant Citigroup faced fresh strife.

ICE floor traders ready for all-electronic dealings

NEW YORK (Reuters) - Floor traders were not fazed on Friday by news that pit trading of agricultural commodities at the Intercontinental Exchange (ICE) will close permanently early next year as the market goes all-electronic.

Fed to hold Tues meeting on mortgage rule change

WASHINGTON (Reuters) - The Federal Reserve Board said on Friday it has scheduled an open board meeting on December 18 to discuss proposed rule changes on mortgage lending to address unfair and deceptive lending practices.

Boeing gets $2.3 billion order from lease firm AWAS

NEW YORK (Reuters) - Boeing Co said on Friday aircraft leasing company AWAS has placed an order for 31 single-aisle 737 planes worth about $2.3 billion at list prices.

KeyCorp increases Ohio job cuts to 415

NEW YORK (Reuters) - Midwest US bank KeyCorp plans to cut 415 jobs in Ohio next year, or more than double the number announced previously.

Stocks fall on CPI as energy shares slip

NEW YORK (Reuters) - Stocks declined on Friday after a sharp rise in consumer prices stirred inflation fears, while a drop in oil prices weighed on energy company shares.

Black & Decker shares drop after cutting fourth-quarter outlook

NEW YORK (Reuters) - Tool maker Black & Decker Corp slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.

Goldman raises Citigroup debt to outperform

NEW YORK (Reuters) - Goldman Sachs raised Citigroup Inc debt to "outperform" from "in-line" on Friday, a day after the company said it plans to rescue $49 billion of structured investment vehicles.

Inflation hottest in two years

WASHINGTON (Reuters) - Consumer prices rose the most in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.

Double-digit profits unlikely in '08: strategists

NEW YORK (Reuters) - Hopes for double-digit earnings growth in 2008 have all but evaporated as the credit market turmoil is expected to exert more pressure on financial services companies.