Business Today: Fed's stimulus move ignites Wall Street

	Click to View in Browser 09/13/2012 Fed's stimulus move ignites Wall Street NEW YORK (Reuters) - Stocks surged to multi-year highs on Thursday after the Federal Reserve announced an aggressive plan to stimulate the economy, encouraging investors to dive back into the market. Fed bets big in new push to rescue economy WASHINGTON (Reuters) - The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. Wholesale inflation rises; labor market struggles WASHINGTON (Reuters) - Producer prices in August rose by the most in three years as energy costs surged, but fairly benign underlying inflation pressures should help the Federal Reserve maintain its accommodative monetary policy stance. Aggressive iPhone launch plan boosts Apple outlook (Reuters) - Sales of the new iPhone 5 could be double those of the previous model in its first week on the market, thanks to Apple Inc's most aggressive smartphone launch plan yet, and up to 33 million iPhones may be sold this quarter, analysts said. Xstrata board expected to back Glencore bid next week LONDON (Reuters) - Xstrata's board is expected to recommend Glencore's revised $34 billion bid as early as next week, sources close to the deal say, although it may come with some qualification surrounding such issues as staff retention. Nomura U.S. equities head O'Kelly leaves NEW YORK (Reuters) - A week after announcing a plan to scale back its traditional stock trading businesses worldwide, Nomura Holdings said on Thursday it has restructured the management team at its U.S. equities group. Investors see obstacles, risks to BAE-EADS tie-up PARIS/BERLIN (Reuters) - Shares in EADS and Britain's BAE Systems tumbled on Thursday as investors feared a planned tie-up aimed at creating the world's biggest defense and aerospace group could run up against political obstacles. GE investigating second failure of GEnx jet engine (Reuters) - General Electric Co said on Thursday it is investigating a second failure of a new-generation GEnx jet engine after a Boeing Co -built 747-8 freighter aircraft had to abort a takeoff in Shanghai late Tuesday. Covidien to shutter South Carolina plant, lay off 595 (Reuters) - Medical device maker Covidien Plc said it would close a South Carolina facility where it manufactures vascular products, laying off about 595 full-time employees as it looks to improve efficiency across its global operations. Exclusive: Mulally could stay at Ford as nonexecutive chairman - source DETROIT (Reuters) - Ford Motor Co's board of directors is considering keeping Chief Executive Alan Mulally involved with the No. 2 U.S. automaker after his retirement as nonexecutive chairman, a person familiar with the matter said on Thursday. Related Video Wealth Strategies: QE may be distorting markets Newly discovered rice gene a boon for global food supply Economic News Fed bets big in new push to rescue economy White House to report on automatic spending cuts Friday: spokesman 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