Business Today: Bernanke points to reduced Fed bond buying this year

	Click to View in Browser 06/19/2013 Bernanke points to reduced Fed bond buying this year WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Icahn reiterates commitment for Dell buy NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders. Wall St. slumps after Bernanke hints at slowing bond buying NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough. News Corp spinoffs start preliminary trading (Reuters) - News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28. Britain to start sale of Lloyds soon, review RBS split LONDON (Reuters) - Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland , Finance Minister George Osborne said, admitting the re-privatization of RBS remains a long way off. Nvidia's stock jumps on license plan; Wall Street eyes Apple (Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers. Switzerland buries U.S. tax law, banks seen at risk BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax. Orders top $100 billion as Ryanair gives Boeing a boost PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets. SandRidge CEO Tom Ward ousted, Bennett takes job (Reuters) - SandRidge Energy Inc's board of directors on Wednesday said Chief Executive Officer Tom Ward will be replaced by company president James Bennett, citing a need for new leadership at the U.S. oil and gas company. Exclusive: Forest mulls bid for Irish drugmaker Elan - sources NEW YORK (Reuters) - Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp Plc, two people familiar with the situation said. Related Video Trading at Noon: Markets hold their breath before Bernanke Breakingviews: Sprint to the finish line Economic News Bernanke points to reduced Fed bond buying this year DoubleLine's Gundlach says Fed to cut bond-buying later in year: CNBC 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