Business Today: Fed may raise rates as soon as next spring, Yellen suggests

	Click to View in Browser 03/19/2014 Fed may raise rates as soon as next spring, Yellen suggests WASHINGTON (Reuters) - The Federal Reserve will probably end its massive bond-buying program this coming fall, and could start to raise interest rates around six months later, Fed Chair Janet Yellen said on Wednesday. Wall Street drops after Yellen moves up possible rate hike NEW YORK (Reuters) - U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates. Toyota's $1.2 billion settlement may be model for U.S. probe into GM WASHINGTON/DETROIT (Reuters) - Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co. Icahn changes course, urges eBay to sell 20 percent of PayPal (Reuters) - Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff. Exclusive: Chatroom evidence questions BoE role in FX probe - sources LONDON (Reuters) - British regulators are examining evidence relating to a 2012 meeting of currency dealers and Bank of England officials which potentially challenges the central bank's assertion it had not condoned sharing details of client orders. FAA review says Boeing 787 Dreamliner is safe WASHINGTON (Reuters) - The Boeing 787 Dreamliner, grounded for months last year after battery overheating problems, is soundly designed and safe to fly, a joint review by the planemaker and the Federal Aviation Administration said on Wednesday. Oprah gives Starbucks tea push a celebrity shot with chai drink SEATTLE (Reuters) - Starbucks Corp will add a celebrity blend to its big tea push when it debuts "Oprah Chai," a tea-based drink created by media mogul Oprah Winfrey. BMW eyes U.S. production hike in push for sales record MUNICH (Reuters) - German luxury carmaker BMW is looking at raising production capacity at its plant in the United States and releasing 12 new models as it chases record sales and a rise in pretax profit of up to 10 percent this year. U.S. current account gap hits 14-year low in fourth quarter WASHINGTON (Reuters) - The U.S. current account deficit tumbled to a 14-year low in the fourth quarter as exports touched a record high, a government report showed on Wednesday. Exclusive: Telesat owner Loral shortlists Apax, pension funds for sale - sources NEW YORK (Reuters) - Loral Space & Communications Inc , which holds a majority stake in Canadian satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners LLP and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said. Related Video Londongrad: the city under threat UK budget to tackle wrong sort of growth Economic News Fed may raise rates as soon as next spring, Yellen suggests UK government, eyeing election, offers help to savers, factories, brewers 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