The Other Side of Life 24/7: Daily Investor Briefing: Bernanke points to reduced Fed bond...

Wednesday, June 19, 2013

Daily Investor Briefing: Bernanke points to reduced Fed bond...

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06/19/2013

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

Bernanke points to reduced Fed bond buying this year

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high.

Icahn reiterates commitment for Dell buy

NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders.

Wall St. ends sharply lower after Bernanke comments

NEW YORK (Reuters) - Stocks fell sharply on Wednesday, with losses accelerating in afternoon trading after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures later this year.

News Corp spinoffs start preliminary trading

(Reuters) - News Corp's publishing and entertainment arms began trading separately on a preliminary basis on Wednesday, one of the last steps before Rupert Murdoch's company officially splits in two on June 28.

Britain to start sale of Lloyds soon, review RBS split

LONDON (Reuters) - Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland , Finance Minister George Osborne said, admitting the re-privatization of RBS remains a long way off.

Nvidia's stock jumps on license plan; Wall Street eyes Apple

(Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.

Switzerland buries U.S. tax law, banks seen at risk

BERNE (Reuters) - Swiss lawmakers dealt a death blow on Wednesday to a draft law which aimed to protect the country's banks from criminal charges in the United States for helping wealthy Americans evade tax.

Orders top $100 billion as Ryanair gives Boeing a boost

PARIS (Reuters) - Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets.

Exclusive: Forest mulls bid for Irish drugmaker Elan - sources

NEW YORK (Reuters) - Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp Plc, two people familiar with the situation said.

Harvard hires Xia from Morgan Stanley as chief risk officer

BOSTON (Reuters) - Harvard University said on Wednesday that it had hired Wall Street veteran Jake Xia as its chief risk officer to analyze and monitor investment exposure in its $30.7 billion endowment.