Business Today: Fed uncertainty sends the Dow, S&P 500 down for fifth day

	Click to View in Browser 12/5/2013 Fed uncertainty sends the Dow, S&P 500 down for fifth day NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program. Third-quarter GDP revised higher as inventories bulge WASHINGTON (Reuters) - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now. Ex-Tyco CEO Kozlowski says he stole out of pure greed NEW YORK (Reuters) - Disgraced ex-Tyco International Ltd chief executive Dennis Kozlowski, who was granted parole this week after serving an eight-year prison sentence, said simple greed had led him to steal more than $150 million from the company, a transcript of a parole board hearing released Thursday showed. Boeing may spend $10 billion on 777X jet plant: report NEW YORK (Reuters) - Boeing Co plans to spend as much as $10 billion on a factory for its new 777X jetliner, and wants to put the plant near a large airport with good rail and road access, according to a newspaper report. Investors dismayed as new Barrick chairman talks diversification TORONTO (Reuters) - Barrick Gold Corp investors have taken in stride news that the world's largest gold producer may consider hedging its gold exposure, but they are roundly panning its plan for more diversification into other commodities. Investment into emerging markets to fall in 2014: World Bank WASHINGTON (Reuters) - Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday. Securities trade group urges hardware revamp after Nasdaq August halt NEW YORK (Reuters) - A trade association for the securities industry called on Thursday for revamping the system governing the hardware behind the trading halt in Nasdaq stocks in August, a move that would likely reduce the control the two leading U.S. stock exchange operators have over that hardware. Deutsche Bank quits commodities under regulatory pressure LONDON (Reuters) - Deutsche Bank pulled the plug on its global commodities trading business on Thursday, cutting 200 jobs as it becomes the first major bank to exit the once lucrative sector due to toughening regulations and diminished profits. Exclusive: OSX, bondholders in talks to delay interest payment - sources SAO PAULO/RIO DE JANEIRO (Reuters) - Tycoon Eike Batista's OSX Brasil SA and holders of the ailing shipbuilder's $500 million in bonds are in talks to delay an interest payment due on December 20, three sources with direct knowledge of the situation said. Euro zone officials to meet on banking union on Friday: report BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble has invited euro zone officials to a meeting in Berlin on Friday in a bid to come closer to a solution on a planned European resolution mechanism to deal with troubled banks, a German newspaper said on Friday. Related Video ECB 'ready' for further action UK's first upbeat outlook since 2010 Economic News Fed officials call for clear plan on wind down of QE3 Third-quarter GDP revised higher as inventories bulge 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