Business Today: Wall St. rallies as stimulus angst fades

	Click to View in Browser 06/26/2013 Wall St. rallies as stimulus angst fades NEW YORK (Reuters) - Stocks rallied for a second straight day on Wednesday as a downward revision in the economy's growth rate soothed investor concerns that the Federal Reserve would soon begin to withdraw its stimulus. First-quarter growth reading slashed in cautionary note on economy WASHINGTON (Reuters) - The U.S. government slashed its estimate for first-quarter economic growth on Wednesday, offering a cautionary note on the recovery as the Federal Reserve ponders curtailing its massive monetary stimulus. Dish drops out of Clearwire bidding (Reuters) - Dish Network said on Wednesday it was dropping out of the bidding for Clearwire , a week after Sprint raised its offer for the wireless company. Microsoft releases 'refined' Windows, revs up developers SAN FRANCISCO (Reuters) - Microsoft Corp released a test version of its Windows 8.1 software on Wednesday, bringing back the 'start' button and adding a host of features it hopes will appeal to users, while spurring developers into writing more applications for it. Bombardier delays CSeries first flight again, up to a month TORONTO (Reuters) - Bombardier Inc on Wednesday delayed the maiden flight of its all-new CSeries jetliner for a second time, the latest setback in the Canadian planemaker's $3.4 billion bid to compete with bigger rivals. Britain's high-speed rail project cost rises by 10 billion pounds (Reuters) - The budget for the High Speed 2 (HS2) rail project has increased by almost 10 billion pounds ($15.34 billion) because of the addition of a tunnel to plans, British transport secretary Patrick McLoughlin said on Wednesday. SocGen CEO says EU should avoid flexibility on bank failure PARIS (Reuters) - Europe's legal framework to decide who pays if banks fail should avoid granting too much flexibility to individual EU member states, the head of French bank Societe Generale told Reuters on Wednesday. Coke to market first 'natural' mid-calorie cola (Reuters) - Coca-Cola Co announced plans on Wednesday to introduce a cola that is sweetened with sugar and naturally occurring, no-calorie sweetener stevia, the first such product to hit a market that is seen as key to the future of the soda industry. Greenberg may pursue narrowed lawsuit over AIG bailout (Reuters) - A federal judge on Wednesday allowed former American International Group Inc Chief Executive Maurice "Hank" Greenberg to continue his lawsuit against the United States over the insurer's bailout, but took away some of his claims. IKEA founder to return home 40 years after fleeing Swedish taxes STOCKHOLM (Reuters) - Ingvar Kamprad, founder of furniture company IKEA, announced on Wednesday he plans to return home to Sweden 40 years after leaving the country to escape its high taxes. Related Video Sniffing out schizophrenia using nose cell samples Carnegie Mellon robots aim to please Economic News First-quarter growth reading slashed in cautionary note on economy Fed's Lacker: Fed communication going through 'rocky' patch 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