Business Today: Wall Street ends down after earnings and Fed

	Click to View in Browser 10/24/2012 Wall Street ends down after earnings and Fed NEW YORK (Reuters) - Stocks ended lower for a second day on Wednesday, as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan. Fed sticks to stimulus plan, says economy a bit firmer WASHINGTON (Reuters) - The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better. Ex-Goldman director gets two years in prison for boardroom leaks NEW YORK (Reuters) - Fallen Wall Street insider Rajat Gupta was sentenced to two years in prison on Wednesday for leaking Goldman Sachs boardroom secrets to the hedge fund manager at the center of the U.S. government's crackdown on insider trading, a much lighter sentence than prosecutors had sought. U.S. sues Bank of America over "Hustle" mortgage fraud NEW YORK (Reuters) - The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac. Apple's stock chart loses some sheen before results NEW YORK (Reuters) - Apple Inc seems to still be the drug of choice for consumers of all stripes looking for sleek gadgetry. Strong new home sales brighten housing picture WASHINGTON (Reuters) - New U.S. single-family home sales surged in September to the highest level in nearly 2-1/2 years, further evidence the housing market recovery is gaining steam. Best Buy head of U.S. business to leave, company sees profit down (Reuters) - Best Buy Co Inc U.S. business president Mike Vitelli will leave the company at the end of the current fiscal year as the electronics retailer restructures that business, removing the top layer of the U.S. operation's management. Germany signals flexibility on "factors beyond Greece's control" BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble suggested on Wednesday that his country may be prepared to show flexibility on Greece's fulfillment of its bailout terms if there are obstacles that are beyond Greece's control. Wal-Mart centralizes compliance work, hires Sidley Austin lawyer (Reuters) - Wal-Mart Stores Inc said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel as the world's largest retailer works on coordinating efforts after an alleged foreign bribery scandal. Thompson says has NYT's support after BBC scandal LONDON (Reuters) - Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month. Related Video Saft Says: Bernanke successor will be Bernanke part two Live from the Treasury lockup-FOMC statement Economic News Strong new home sales brighten housing picture Fed sticks to stimulus plan, says economy a bit firmer A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend