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Wednesday, October 29, 2014

Daily Investor Briefing: Fed ends bond buying, shows...

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Fed ends bond buying, shows confidence in U.S. recovery
WASHINGTON (Reuters) - The Federal Reserve on Wednesday ended its monthly bond purchase program and dropped a characterization of U.S. labor market slack as "significant" in a show of confidence in the economy's prospects.
Wall St. ends with modest decline after Fed
NEW YORK (Reuters) - U.S. stocks closed with slight losses on Wednesday, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in U.S. economic prospects.
Visa quarterly profit falls 10 percent on legal provision
(Reuters) - Visa Inc , the world's largest credit and debit card company, reported a 10 percent fall in quarterly profit as it set aside $453 million for litigation.
Kraft Foods' profit falls as price hikes hit sales
(Reuters) - Kraft Foods Group Inc said quarterly profit fell nearly 11 percent as price hikes, designed to offset higher commodity costs, hit demand for some of its popular cheese and meat products.
MetLife profit more than doubles on derivative gains
(Reuters) - MetLife Inc , the largest U.S. life insurer, said quarterly profit more than doubled, helped by gains from its derivatives program.
U.S. safety regulator demands output, testing info from Takata
NEW YORK (Reuters) - The top U.S. automotive safety regulator on Wednesday demanded that Japan's Takata Corp provide it with estimates of its ability to produce replacement parts for millions of air bag inflators that are being recalled due to safety concerns.
Fiat Chrysler to spin off Ferrari, issue $2.5 billion convertible bond
MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) said on Wednesday it will spin off its luxury sports car maker Ferrari and list the shares as part of a bigger scheme which includes a $2.5 billion convertible bond issue to help fund its ambitious business plan.
Chrysler recalling over 300,000 Ram trucks for fire hazard
DETROIT (Reuters) - Fiat Chrysler Automobiles NV's Chrysler Group said on Wednesday it is recalling 381,876 Ram trucks mostly in the United States to correct a potential fire hazard.
U.S. law firm says investigating AbbVie over collapsed Shire deal
LONDON (Reuters) - U.S. law firm Gardy & Notis, a shareholder rights advocate, said on Wednesday it was investigating AbbVie and its officers over statements made in connection with the drugmaker's failed move to buy Dublin-based Shire .
Facebook spending gets thumbs up from analysts - if not investors
(Reuters) - Another day, another quarterly report from a technology company that disappointed investors.
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