Business Today: Wall Street ends flat as Fed wait nears an end

	Click to View in Browser 09/12/2012 Wall Street ends flat as Fed wait nears an end NEW YORK (Reuters) - Wall Street ended little changed on Wednesday, erasing early gains, as investors turned cautious before a Federal Reserve decision on another round of monetary stimulus to boost the economy. Apple's iPhone 5 bigger, faster but lacks "wow" SAN FRANCISCO (Reuters) - Apple Inc's new iPhone goes on sale on Friday with a bigger screen and 4G wireless technology, as the company seeks to maintain its edge over rivals such as Samsung Electronics Co Ltd and Google Inc. More Fed monetary easing likely on Thursday: Reuters poll NEW YORK (Reuters) - Odds are mounting that the Federal Reserve could take action as soon as Thursday to energize a U.S. economy that is struggling to gain momentum in the face of a lackluster labor market and uncertain fiscal policy, according to a Reuters poll. BAE and EADS in merger talks to create aerospace giant LONDON (Reuters) - Britain's BAE Systems and Airbus-owner EADS are in advanced merger talks to create a combined group worth $48 billion, overtaking Boeing as the world's biggest aerospace and defense company in terms of sales. Nomura eyes fixed income gains as rivals shrink LONDON (Reuters) - Japan's Nomura is pinning its turnaround hopes on bond and foreign exchange trading even as big rivals shrink some of those divisions, and a swoop on clients abandoned by others is helping it grow, the bank's fixed income boss said. Wholesale inventories rise could help growth in third quarter WASHINGTON (Reuters) - Wholesale inventories in July rose by the most in five months, beating forecasts and suggesting economic growth started the third quarter on slightly better footing than expected. Toys R Us to let holiday shoppers reserve popular toys NEW YORK (Reuters) - If you can preorder an iPhone 5, why not put a Furby or other hot toy on hold, too? Chesapeake loses bid to void award over canceled Texas deal (Reuters) - A federal appeals court rejected Chesapeake Energy Corp's attempt to overturn a $20 million award arising from claims it wrongfully backed out of a contract to buy some Texas oil and gas leases. Abercrombie & Fitch hires Goldman Sachs: source (Reuters) - Abercrombie & Fitch Co has hired Goldman Sachs Group Inc as it works to ward off pressure from investors, a source familiar with the matter said on Wednesday. Bank of France aiming to cut up to 2,100 jobs in branches PARIS (Reuters) - The Bank of France could cut up to 2,100 jobs in its branch offices by 2020, largely by not replacing staff who retire as part of a restructuring of its nationwide network, it said on Wednesday. Related Video Wealth Strategies: Would life be worse without QE? Maybe not Trading at Noon: FB shares rally on Zuckerberg's remarks Economic News Number of U.S. poor holds steady but gap grows More Fed monetary easing likely on Thursday: Reuters poll 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