Business Today: Wall Street slips after Fed, trading glitch

	Click to View in Browser 08/1/2012 Wall Street slips after Fed, trading glitch NEW YORK (Reuters) - Stocks slipped on Wednesday on disappointment that the Federal Reserve offered no new measures to stimulate the economy and after a computer glitch at a brokerage triggered a spike in volatility shortly after the open. Fed says economy may need help, keeps policy on hold WASHINGTON (Reuters) - The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled more strongly that further bond buying could be in store to help a economic recovery that it said had lost momentum this year. MetLife profit doubles on derivatives gain (Reuters) - Profit at MetLife Inc , the largest U.S. life insurer, doubled in the second quarter after a huge gain on derivatives tied to falling interest rates, and operating results beat Wall Street expectations on double-digit growth in the Americas. Companies add 163,000 jobs, but manufacturing falters NEW YORK (Reuters) - U.S. companies hired more workers than expected in July, but continued weakness in the manufacturing sector pointed to sluggish economic growth. U.S. auto sales remain soft in July DETROIT (Reuters) - Major automakers reported U.S. auto sales for July that were somewhat softer than expected as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines. U.S. raises pressure for euro zone crisis action FRANKFURT/BERLIN (Reuters) - The United States raised pressure on euro zone leaders to take decisive action to solve the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European Central Bank meeting. California judge rules in favor of HP in Itanium server case SAN FRANCISCO (Reuters) - A California state court judge ruled in favor of Hewlett-Packard and against Oracle Corp in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers. Madoff trustee seeks to block $410 million Merkin accord NEW YORK (Reuters) - The trustee seeking money for victims of Bernard Madoff's fraud is trying to block a $410 million settlement resolving New York's claims against a money manager accused of secretly steering client money to Madoff. BlackRock reorganizes, adds senior leadership NEW YORK (Reuters) - BlackRock Inc on Wednesday announced that it has expanded its senior leadership team and reorganized its investment and client-facing businesses in an effort to grow its business. Lenovo executive dismisses Nokia bid talk as "joke" HELSINKI (Reuters) - A senior executive at Chinese personal computer maker Lenovo dismissed market speculation that the company was interested in buying struggling Finnish cellphone maker Nokia as a "joke." Related Video Saft Says: Fed sits on hands, pressure now on ECB action Olympics turns London into ghost city Economic News Fed says economy may need help, keeps policy on hold Companies add 163,000 jobs, but manufacturing falters 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