  | | | S&P 500 closes at highest since Dec 2007 | | NEW YORK (Reuters) - The S&P 500 closed at its highest level since December 2007 on Thursday after the Federal Reserve's aggressive action to bolster the economy encouraged investors to dive back into the market. | | |  | | | Fed bets big in new push to rescue economy | | WASHINGTON (Reuters) - The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. | | | |  | | | Wholesale inflation rises; labor market struggles | | WASHINGTON (Reuters) - Producer prices in August rose by the most in three years as energy costs surged, but fairly benign underlying inflation pressures should help the Federal Reserve maintain its accommodative monetary policy stance. | | | |  | | | Aggressive iPhone launch plan boosts Apple outlook | | (Reuters) - Sales of the new iPhone 5 could be double those of the previous model in its first week on the market, thanks to Apple Inc's most aggressive smartphone launch plan yet, and up to 33 million iPhones may be sold this quarter, analysts said. | | | |  | | | Xstrata board expected to back Glencore bid next week | | LONDON (Reuters) - Xstrata's board is expected to recommend Glencore's revised $34 billion bid as early as next week, sources close to the deal say, although it may come with some qualification surrounding such issues as staff retention. | | | |  | | | Nomura U.S. equities head O'Kelly leaves | | NEW YORK (Reuters) - A week after announcing a plan to scale back its traditional stock trading businesses worldwide, Nomura Holdings said on Thursday it has restructured the management team at its U.S. equities group. | | | | | GE investigating second failure of GEnx jet engine | | (Reuters) - General Electric Co said on Thursday it is investigating a second failure of a new-generation GEnx jet engine after a Boeing Co -built 747-8 freighter aircraft had to abort a takeoff in Shanghai late Tuesday. | | | |  | | | Investors see obstacles, risks to BAE-EADS tie-up | | PARIS/BERLIN (Reuters) - Shares in EADS and Britain's BAE Systems tumbled on Thursday as investors feared a planned tie-up aimed at creating the world's biggest defense and aerospace group could run up against political obstacles. | | | | |  |  | | | 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 | |
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