Business Today: Wall St. rises on Bernanke's flexible timing

	Click to View in Browser 07/17/2013 Wall St. rises on Bernanke's flexible timing NEW YORK (Reuters) - Stocks edged higher on Wednesday after Federal Reserve Chairman Ben Bernanke said the timeline for winding down the U.S. central bank's stimulus program was not set in stone. Bernanke hearing turns into eulogy over his tenure at Fed WASHINGTON (Reuters) - With a smile periodically playing across his face, Ben Bernanke almost looked pleased to face questions from members of the House of Representatives on Wednesday, but that might be because he knows that it was for the last time. Intel cuts 2013 revenue forecast as PC industry sags SAN FRANCISCO (Reuters) - Intel Corp cut its full-year revenue forecast as the personal computer industry experiences slumping sales and a shift toward tablets and smartphones. IBM beats second-quarter EPS estimates, misses on revenue (Reuters) - IBM , the world's largest technology services company, reported second-quarter earnings per share that beat estimates. Its shares were up nearly 3 percent in after-hours trade. Exclusive: U.S. seeks new tactic in financial crisis prosecutions NEW YORK (Reuters) - U.S. federal prosecutors are considering a new strategy for criminally charging Wall Street bankers who packaged and sold bad mortgage loans at the height of the housing bubble, according to a federal official familiar with the investigation. Trian's Peltz wants PepsiCo to buy Mondelez NEW YORK (Reuters) - Activist shareholder Trian Fund Management said on Wednesday it wants PepsiCo Inc to buy Oreo cookie maker Mondelez International Inc for $35 to $38 a share, or separate its snacks and beverage business. Honeywell says would remove 787 beacons if asked WASHINGTON (Reuters) - Honeywell International Inc on Wednesday said it had no orders to temporarily remove its emergency locator beacons from Boeing Co 787s, but would comply if asked to do so. Ex HSBC employee hopes for widening of Europe tax probe PARIS (Reuters) - A former IT analyst from banking group HSBC who provided prosecutors with data on thousands of accounts said in an interview he hoped a Franco-Spanish tax avoidance probe would widen to other countries. Housing starts fall to 10-month low, weather blamed WASHINGTON (Reuters) - U.S. housing starts and permits for future home construction unexpectedly fell in June, but the decline in activity was likely to be short-lived against the backdrop of bullish sentiment among home builders. U.S. prosecutor warns Wall Street about repeat violations NEW YORK (Reuters) - Manhattan U.S. Attorney Preet Bharara said investment firms that repeatedly violate the law should be concerned that they will eventually be held accountable. Related Video Techquity: Google's push for TV, plus iPhone optimism Daily Digit: Housing starts drop to 836K Economic News Bernanke hearing turns into eulogy over his tenure at Fed Bernanke tells Congress Fed flexible on bond buying 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