Business Today: S&P 500 ends flat after Fed statement

	Click to View in Browser 07/31/2013 S&P 500 ends flat after Fed statement NEW YORK (Reuters) - The S&P 500 ended a volatile session nearly flat on Wednesday after the Federal Reserve gave no hint that a reduction in the pace of its bond-buying program is imminent. But the index finished July up 5 percent to mark its best month since January. Fed stays on track with bond buying, for now WASHINGTON (Reuters) - The Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September. Dell's buyout teeters as it rejects voting change NEW YORK (Reuters) - Michael Dell's and Silver Lake's $24.4 billion bid to take Dell Inc private suffered a blow on Wednesday after the company's special committee rejected their request to change the voting rules in exchange for them offering $150 million more. Ackman's Pershing Square unveils $2.2 billion stake in Air Products By Svea Herbst-Bayliss, Swetha Gopinath and Ernest Scheyder Under fire, Goldman offers way around warehouse lines NEW YORK (Reuters) - Goldman Sachs responded to mounting political pressure and regulatory scrutiny of its Metro International metals business on Wednesday, by offering customers immediate access to aluminum stored in its warehouses. CIT clamps down on credit to small J.C. Penney vendors: NY Post NEW YORK (Reuters) - Commercial lender CIT Group Inc has abruptly stopped supporting deliveries from smaller manufacturers to J.C. Penney Co Inc , the New York Post reported on Wednesday, citing a source familiar with the situation. Pershing Square tax lien offers peek into Ackman strategy NEW YORK (Reuters) - A federal tax lien slapped on a small company that William Ackman's $12 billion hedge fund used nearly three years ago to acquire shares in a publicly traded liquor manufacturer is shedding light on his investment strategies. U.S. economy finds momentum in second quarter, eyes further gains WASHINGTON (Reuters) - U.S. economic growth unexpectedly accelerated in the second quarter, laying a firmer foundation for the rest of the year that could bring the Federal Reserve a step closer to cutting back its monetary stimulus. U.S. auto sales set to maintain hot pace in July DETROIT (Reuters) - Long Island car dealer Gary Brown is enjoying the summer heat brought on by consumers' increasing demand for new cars and trucks, and like the rest of the industry, expects sales in July will continue the trend. MetLife second quarter result falls on derivative losses (Reuters) - MetLife Inc reported an 80 percent drop in second-quarter profit due to higher derivative losses. Related Video Breakingviews: Facebook tops IPO price Peugeot scores as cutbacks kick in Economic News Fed stays on track with bond buying, for now Obama mulls Fed pick, defends Summers on 2009 stimulus 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