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Wednesday, March 19, 2014

Daily Investor Briefing: Fed says may have to keep rates low...

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03/19/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Fed says may have to keep rates low after economy finds footing
WASHINGTON (Reuters) - The Federal Reserve on Wednesday pushed forward with plans to slowly wind down its stimulus but said it will likely need to keep rates low even after the economy regains its health given lasting scars from the financial crisis.
Wall Street ends down after Yellen's comments
NEW YORK (Reuters) - U.S. stocks fell on Wednesday after comments from Federal Reserve Chair Janet Yellen raised the possibility of an earlier- than-anticipated increase in interest rates.
Toyota's $1.2 billion settlement may be model for U.S. probe into GM
WASHINGTON/DETROIT (Reuters) - Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co.
Icahn calls on eBay to sell 20 percent of PayPal in an IPO
(Reuters) - Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, in his latest missive to shareholders.
FAA review says Boeing 787 Dreamliner is safe
WASHINGTON (Reuters) - The Boeing 787 Dreamliner, grounded for months last year after battery overheating problems, is soundly designed and safe to fly, a joint review by the planemaker and the Federal Aviation Administration said on Wednesday.
Oprah gives Starbucks tea push a celebrity shot with chai drink
SEATTLE (Reuters) - Starbucks Corp will add a celebrity blend to its big tea push when it debuts "Oprah Chai," a tea-based drink created by media mogul Oprah Winfrey.
BMW eyes U.S. production hike in push for sales record
MUNICH (Reuters) - German luxury carmaker BMW is looking at raising production capacity at its plant in the United States and releasing 12 new models as it chases record sales and a rise in pretax profit of up to 10 percent this year.
U.S. current account gap hits 14-year low in fourth quarter
WASHINGTON (Reuters) - The U.S. current account deficit tumbled to a 14-year low in the fourth quarter as exports touched a record high, a government report showed on Wednesday.
Exclusive: Telesat owner Loral shortlists Apax, pension funds for sale - sources
NEW YORK (Reuters) - Loral Space & Communications Inc , which holds a majority stake in Canadian satellite communications company Telesat Holdings Inc, has selected private equity firm Apax Partners LLP and two Canadian pension funds to negotiate a sale of Telesat, people familiar with the matter said.
Sony to reduce suppliers to speed up product development: Nikkei
(Reuters) - Sony Corp will reduce by about three-quarters the number of its parts suppliers to speed up development of its electronic products, the Nikkei reported on Thursday.
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