Business Today: Fed cuts bond buying but stresses easy policy

	Click to View in Browser 12/18/2013 Fed cuts bond buying but stresses easy policy WASHINGTON (Reuters) - The U.S. Federal Reserve trimmed its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay at rock bottom even longer than previously promised. SAC's Steinberg found guilty of insider trading NEW YORK (Reuters) - Michael Steinberg, a top portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Wednesday of charges that he traded on insider information. Dow, S&P end at record highs after Fed's stimulus cut NEW YORK (Reuters) - The Dow and the S&P 500 closed at all-time highs on Wednesday after the Federal Reserve announced a small reduction in its stimulus program, confirming that the U.S. economy was on firm footing. Robust U.S. housing data point to strengthening economy WASHINGTON (Reuters) - U.S. housing starts surged to their highest in nearly six years in November, a sign of strength in the economy that underscores the Federal Reserve's decision to start cutting back its monthly bond purchases. Exclusive: Dish eyes 2014 bid for T-Mobile - sources (Reuters) - Dish is considering making a bid for T-Mobile next year, according to people close to the matter, in what would be the satellite TV provider's second attempt in as many years at acquiring a major wireless operator and potentially setting the stage for a new bidding war with Softbank . Facebook, Zuckerberg, banks must face IPO lawsuit: judge NEW YORK (Reuters) - Facebook Inc, Chief Executive Mark Zuckerberg and dozens of banks must face a lawsuit accusing the social media company of misleading investors about its health before its $16 billion initial public offering, a federal judge said. FedEx second-quarter profit misses estimate; offers holiday optimism (Reuters) - FedEx Corp posted a 14 percent rise in quarterly profit on Wednesday on stronger margins and cost cuts, but results missed Wall Street estimates, which overshadowed the company's confident forecast for the holiday shopping season. Abe labor reforms may boost Japan's 'disposable' workers, crimp wages TOKYO (Reuters) - Yumiko Kajiwara is a cheerful 46-year-old who has had several part-time jobs, including sorting clothes, cosmetics and cellphone parts at a Tokyo warehouse. She also represents a challenge to Prime Minister Shinzo Abe. Exclusive: Goldman's Michael Foods seeks $2 billion-plus sale - sources NEW YORK (Reuters) - Michael Foods Group Inc, a producer and distributor of egg and dairy products owned by Goldman Sachs Group Inc's private equity arm, is exploring a sale that could fetch more than $2 billion, according to people familiar with the matter. Chevrolet marketing boss Chris Perry resigns (Reuters) - The ongoing upheaval in General Motors Co's executive ranks continued on Wednesday with the sudden resignation of Chris Perry as vice president of Chevrolet marketing. Related Video FULL SPEECH: Bernanke's final Fed words Tongue tip technology drives quadriplegic independence Economic News Fed cuts bond buying but stresses easy policy U.S. Senate prepares to pass budget deal averting January shutdown 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