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Wednesday, June 20, 2012

Daily Investor Briefing: S&P 500, Dow end down after Fed news...

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06/20/2012
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
S&P 500, Dow end down after Fed news
NEW YORK (Reuters) - The S&P 500 and Dow ended down slightly on Wednesday after the Federal Reserve acted to aid the economy with measures that were largely in line with what the market expected, but no more.
Fed ramps up economic stimulus, says may do more
WASHINGTON (Reuters) - The Federal Reserve on Wednesday delivered another round of monetary stimulus and said it was ready to do even more to help a U.S. economic recovery that looks increasingly fragile.
Boeing 787's dimmable windows not dark enough, says ANA
TOKYO (Reuters) - Boeing Co's launch customer for its 787 Dreamliner, Japan's All Nippon Airways says the plane's electronic dimmable windows are not dark enough for long haul flights and has asked the U.S. plane maker to make the plane's cabin darker.
U.S. trade bill "not a gift" to Russia, Kirk says
WASHINGTON (Reuters) - President Barack Obama's top trade official urged Congress on Wednesday to quickly approve legislation to improve trade ties with Russia, unencumbered by human rights requirements, saying it was vital to keep U.S. exports competitive in the Russian market.
P&G cuts forecast, will focus on big businesses
CHICAGO/LONDON (Reuters) - Procter & Gamble Co took the blame on Wednesday for a lack of big new products and not being quick enough to cut costs as it deals with persistent slowing demand in Western Europe, the United States and China.
Starbucks plans to open Tazo tea store this year
(Reuters) - Starbucks Corp plans to open a Tazo tea store in Seattle as early as this fall, adding another concept to its growing stable of retail brands that are moving the company beyond its core coffee business.
Bed Bath gives weak outlook; shares fall
NEW YORK (Reuters) - Bed Bath & Beyond Inc gave a weaker-than-expected profit outlook for the current quarter, sending the U.S. home goods chain's shares down about 10 percent.
Microsoft brings phone software closer to Windows
SEATTLE (Reuters) - Microsoft Corp's new phone software will be built on the same core as its new upcoming PC and tablet operating system, bringing the company one step closer to unifying its Windows franchise across a full range of screens that are revolutionizing computing.
CME resumes charity grants halted after MF Global failure
CHICAGO (Reuters) - CME Group Inc, the biggest operator of U.S. futures exchanges, has resumed making grants from its main charitable foundation after a seven-month halt triggered by the failure of giant futures brokerage MF Global Holdings Inc.
Statoil to triple North America oil and gas output
NEW YORK (Reuters) - Norway's Statoil aims to triple its North American oil and natural gas production by the end of the decade as it ramps up spending in oil-rich prospects, and it also plans to develop Australian shale gas, the company said on Wednesday.
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