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Business Latest News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

Wochit 0:54 mins

Stock futures have fallen adding to a more than 1 percent drop in U.S. equities just a day before. The losses come after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's previous rally. New banking regulators in Britain are looking to cut risk in the country's financial sector. New demands will require Britain's banks to raise 13 billion pounds - or nearly 20.5 billion dollars - of extra capital and meet a new cap on lending well ahead of international peers. Rite Aid Corporation , the No. 3 U.S. drugstore chain, posted its third consecutive quarterly profit. Analysts say the continued gains are helped by sales of higher-margin generic drugs.

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