Belfast Telegraph

Business in brief: US powers Dow Jones to new high

By Staff Reporters

US stocks have pushed further into record territory as the Dow Jones industrial average topped 18,000 points for the first time.

Traders have been encouraged by signs of strength in the US economy and reassurances that the Federal Reserve will not change interest rates soon.

The US economy powered ahead at a 5% rate in the third quarter.

RBS staff facing discipline wait

Dozens of staff at Royal Bank of Scotland are expected to learn early next year whether they will be disciplined over the foreign exchange market-rigging scandal that saw it fined £399m by regulators.

RBS, 80% owned by the taxpayer, has said it is reviewing more than 50 traders.

DVD maker in administration

Britain's largest DVD and CD maker has gone into administration, affecting 157 jobs days before Christmas.

Video Duplicating Company (VDC) in London, which supplied all the major supermarkets as well as independent retailers, has fallen victim to the expansion of the online market.

Belfast Telegraph