Daily Investor Briefing: Fed nods to firmer inflation, still...

	Click to View in Browser 07/30/2014 Fed nods to firmer inflation, still focused on labor weakness WASHINGTON (Reuters) - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target. U.S. economy back on track with strong second-quarter rebound WASHINGTON (Reuters) - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. Bank of America ordered to pay $1.27 billion for Countrywide fraud NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit. S&P 500, Nasdaq end up as Fed in no rush to raise rates NEW YORK (Reuters) - The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates. European regulators training sights on Google's mobile software BRUSSELS/SAN FRANCISCO (Reuters) - European regulators are preparing what could be a stern challenge to Google Inc's mobile software business in the coming months after a nearly four-year investigation into the company's Web search practices left rivals and European politicians dissatisfied. Kerry presses India on global trade deal as deadline looms NEW DELHI (Reuters) - U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalization. Argentine debt talks down to the wire to avert default BUENOS AIRES/NEW YORK (Reuters) - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible. Boeing to make longest 787-10 Dreamliner exclusively in South Carolina NORTH CHARLESTON S.C. (Reuters) - Boeing Co said on Wednesday it will build its biggest Dreamliner, the 787-10, exclusively at its South Carolina plant in North Charleston, a move that marked the continuing evolution of Boeing's production strategy for its flagship jet. Carlyle's second-quarter earnings double NEW YORK/LONDON (Reuters) - Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe. Hyundai recalls 883,000 Sonata sedans in U.S. for transmission issue DETROIT (Reuters) - South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. Related Video Job growth trickling down to broader economy-headhunter U.S. economy roars back in second quarter Related News Exclusive: Upstart trading venue IEX may prompt US market rule change The rising cost of your kids' lunch gear 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