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Wednesday, June 18, 2014

Business Today: Fed seen holding steady policy course but could hint on exit

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06/18/2014
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 seen holding steady policy course but could hint on exit
Washington, June18(Reuters) - The Federal Reserve's policy committee concludes its latest meeting on Wednesday with little change expected in its outlook for interest rates but the potential for new details to emerge on the planned exit from its current easy monetary policy.
GE to submit improved Alstom offer on Thursday: source
PARIS (Reuters) - General Electric will on Thursday unveil to the French government and unions an improved offer for the energy businesses of Alstom, a source close to the U.S. conglomerate said of renewed efforts to fend off a rival proposal.
Wall St. to open flat with Fed statement on tap
NEW YORK (Reuters) - U.S. stocks were poised for a flat open on Wednesday, after a three-day winning streak for the S&P 500 index and ahead of a monetary policy announcement by the Federal Reserve.
FedEx's ground business boosts fourth-quarter revenue
(Reuters) - FedEx Corp reported a better-than-expected 3.5 percent rise in quarterly revenue as the world's No. 2 package delivery company benefited from higher volumes in its ground business.
GM's CEO to face more Capitol Hill grilling over safety crisis
WASHINGTON (Reuters) - General Motors Co Chief Executive Mary Barra is returning to Capitol Hill on Wednesday to face intense questioning about whether the automaker has a grip on the safety crisis that has enveloped it this year, as recalls connected to ignition-switch issues continue to grow.
Billionaire JD.com founder lines up next challenge: beating Alibaba
BEIJING (Reuters) - With an iron grip, JD.com Inc founder Richard Liu has dragged China's number two online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target - beating Jack Ma's Alibaba.
Bayer signs $14.2 billion acquisition loan
LONDON (Reuters) - Bayer has signed a $14.2 billion acquisition loan backing its purchase of U.S.-based Merck's consumer care business, the lead banks said in a statement on Wednesday.
U.S. mortgage applications drop in latest week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday.
Knight Vinke sees UBS moving towards break up
MONACO (Reuters) - Eric Knight, CEO of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice to split its wealth management business from its investment bank.
Premier Li says no hard landing for China, expects medium to high growth
LONDON (Reuters) - China's economy will not have a hard landing and will maintain medium to high growth in the long run, Premier Li Keqiang said on Wednesday.
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