Ferrari to Pay $3.5 Million Fine

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Fiat Chrysler’s Ferrari sports-car subsidiary has agreed to pay a $3.5 million civil fine for failing to report three fatalities and make other required safety defect reports to U.S. regulators.

Big Banks Brace for Penalties in Probes

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Big banks in the U.S. and Europe are stockpiling billions to pay for a potential trans-Atlantic settlement of allegations that they manipulated foreign-exchange rates.

Dow Hits Intraday Record

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U.S. stocks surged, with the Dow Jones Industrial Average hitting an intraday record high, spurred by the Bank of Japan’s decision to unexpectedly expand its stimulus measures.

BOJ Unexpectedly Eases Policy

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The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.

Pirate Bay Co-Founder Sentenced to 3½ Years in Jail

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Gottfrid Svartholm Warg has been found guilty alongside a 21-year old Danish accomplice of hacking into systems operated by the Danish arm of Computer Sciences Corp.

Russia Raises Interest Rates

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The Bank of Russia raised interest rates by 1.5 percentage points seeking to slow surging inflation and shore up the sagging ruble as the economic cost of sanctions and falling oil prices deepens.

J.P. Morgan Found Hackers Through Breach of Road-Race Website

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J.P. Morgan Chase & Co. may not have discovered the breach in its computer systems as quickly this past summer if it hadn’t gone looking for trouble elsewhere, people briefed on the investigation said.

U.K. to Repay First World War Bonds

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The U.K. Treasury plans to repay part of the debt issued to finance Britain’s role in World War I.

U.S., Russia Drag on AB InBev Sales

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Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.

WPP Warns Over Advertising Caution

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WPP Chief Executive Officer Martin Sorrell said that executives are on their guard again over how they spend on advertising amid heightened geopolitical concerns.

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