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.
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.
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.
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.
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 .