Business Today: Wall Street ends lower after Fed statement

	Click to View in Browser 01/30/2013 Wall Street ends lower after Fed statement NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary. Facebook revenue jumps 40 percent in fourth quarter SAN FRANCISCO (Reuters) - Facebook Inc's advertising business grew at its fastest clip since before the company's May initial public offering, helping the company's revenue expand 40 percent to $1.585 billion. Fed keeps stimulus in place as economy "paused" WASHINGTON (Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary. GDP unexpectedly shrinks, decline seen temporary WASHINGTON (Reuters) - The economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up. Boeing forecast assumes little impact from 787 problems NEW YORK (Reuters) - Boeing Co said on Wednesday it was sticking with the troubled lithium-ion battery technology that this month grounded its high-tech 787 Dreamliner, and that the grounding had no significant financial impact on its 2013 forecast. Time Inc cuts staff by 6 percent, hitting business and news (Reuters) - Time Inc on Wednesday began the process of cutting about 500 jobs, about 6 percent of its total staff as the largest U.S. magazine publisher grapples with challenges beleaguering the print industry. Exclusive: Time Warner asks brokers for value of New York headquarters NEW YORK (Reuters) - Time Warner Inc is considering selling its New York headquarters and has asked real estate brokers to evaluate the building's value, according to two sources familiar with the situation. Fiat CEO keen for Chrysler buyout MILAN (Reuters) - Fiat SpA Chief Executive Sergio Marchionne said the Italian automaker would like to see the minority holder of U.S. affiliate Chrysler Group LLC sell out as soon as possible. Boeing insurer: Too early to say how big 787 claims will be LONDON (Reuters) - Boeing Co has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker's lead insurer said on Wednesday. Japanese airlines had 787 battery issues before recent incidents TOKYO (Reuters) - Japan's two biggest airlines replaced lithium-ion batteries on their Boeing Co 787 Dreamliners in the months before separate incidents led to the technologically advanced aircraft being grounded worldwide due to battery problems. Related Video Daily Digit: 15% drop in govt spending How the Fed built a $3 trillion balance sheet Economic News GDP unexpectedly shrinks, decline seen temporary Private sector adds more jobs than expected in January 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