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

	Click to View in Browser 10/29/2014 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. Related Video EU budget fines can't be ruled out yet Breakingviews: Facebook selloff Related News For workers who drive, no more excuses for shoddy mileage logs Portfolio manager chooses Pimco over croque-monsieur food truck 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