  | | | Wall Street ends lower after Fed minutes | | NEW YORK (Reuters) - Stocks ended lower in choppy trading on Wednesday after minutes from the U.S. Federal Reserve's July policy-setting meeting offered few clues on a time frame for a reduction in its bond-buying program. | | |  | | | Few clues on timing of QE3 reduction in Fed minutes | | NEW YORK (Reuters) - A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others counseled patience, according to meeting minutes that offered little hint on when the U.S. central bank might reduce its purchases. | | | |  | | | HP switches out key executive as third-quarter revenue slides 8 percent | | (Reuters) - Hewlett-Packard Co replaced Dave Donatelli with Bill Veghte at the helm of its second-largest business division on Wednesday, reassigning the star executive to a new role identifying potential tech acquisitions as it reported a larger-than-expected 8 percent slide in third-quarter revenue. | | | |  | | | Ackman acknowledges retail blunders, digs in on Herbalife | | BOSTON (Reuters) - Activist investor William Ackman admitted he made mistakes in bets on retailers, including J.C. Penney where he has lost hundreds of millions of dollars, but is sticking by a wager against Herbalife, where he faces big paper losses. | | | |  | | | Bloomberg to appoint ombudsman after customer complaints | | NEW YORK (Reuters) - Bloomberg LP will appoint an ombudsman and create a task force to review the way the company gathers news after a report confirmed its journalists routinely looked at client information intended for customer support employees. | | | |  | | | Insight: Barrick Gold's Peter Munk seeks to regain his Midas touch | | TORONTO (Reuters) - Peter Munk has long driven the agenda for Barrick Gold Corp, the company he formed in 1983 and built into the world's largest gold producer, but recent missteps have raised questions about the leadership of a man once seen as a visionary in the industry. | | | |  | | | Ottawa watching BlackBerry carefully, wishes firm well | | OTTAWA (Reuters) - The Canadian government is watching smartphone maker BlackBerry Ltd carefully as it explores options including sale of the company but will not comment on its affairs, Industry Minister James Moore said on Wednesday. | | | |  | | | Analysis: Dollar's weak trajectory seen holding for now | | NEW YORK (Reuters) - The dollar's perplexing summertime slump could prove tricky to reverse in the near term, given surprising signs of recovery in Europe and nagging questions about the timeline for the end of the Federal Reserve's stimulus. | | | | | Disney's ABC TV unit to lay off two percent of staff: source | | LOS ANGELES (Reuters) - Walt Disney Co's ABC television unit on Wednesday will begin laying off about 175 people, or 2 percent of its workforce, to adjust to changes in technology and viewing habits, a person familiar with the decision said. | | | |  |  | | | 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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