The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends down after Fed...

Wednesday, January 30, 2013

Daily Investor Briefing: Wall Street ends down after Fed...

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01/30/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street ends down after Fed statement

NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary.

Facebook revenue jumps 40 percent in fourth quarter

SAN FRANCISCO (Reuters) - Facebook Inc's advertising business grew at its fastest clip since before the company's May initial public offering, helping the company's revenue expand 40 percent to $1.585 billion.

Fed keeps stimulus in place as economy "paused"

WASHINGTON (Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.

GDP unexpectedly shrinks, decline seen temporary

WASHINGTON (Reuters) - The economy unexpectedly contracted in the fourth quarter, but analysts said there was no reason for panic given that consumer spending and business investment picked up.

Boeing forecast assumes little impact from 787 problems

NEW YORK (Reuters) - Boeing Co said on Wednesday it was sticking with the troubled lithium-ion battery technology that this month grounded its high-tech 787 Dreamliner, and that the grounding had no significant financial impact on its 2013 forecast.

Time Inc cuts staff by 6 percent, hitting business and news

(Reuters) - Time Inc on Wednesday began the process of cutting about 500 jobs, about 6 percent of its total staff as the largest U.S. magazine publisher grapples with challenges beleaguering the print industry.

Exclusive: Time Warner asks brokers for value of New York headquarters

NEW YORK (Reuters) - Time Warner Inc is considering selling its New York headquarters and has asked real estate brokers to evaluate the building's value, according to two sources familiar with the situation.

Fiat CEO keen for Chrysler buyout

MILAN (Reuters) - Fiat SpA Chief Executive Sergio Marchionne said the Italian automaker would like to see the minority holder of U.S. affiliate Chrysler Group LLC sell out as soon as possible.

Boeing insurer: Too early to say how big 787 claims will be

LONDON (Reuters) - Boeing Co has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker's lead insurer said on Wednesday.

Japanese airlines had 787 battery issues before recent incidents

TOKYO (Reuters) - Japan's two biggest airlines replaced lithium-ion batteries on their Boeing Co 787 Dreamliners in the months before separate incidents led to the technologically advanced aircraft being grounded worldwide due to battery problems.