  | | | Wall Street falls on Fed anxiety | | NEW YORK (Reuters) - U.S. stocks dropped for a second consecutive day on Tuesday, after comments from a pair of U.S. Federal Reserve officials left investors uncertain about the timing of a possible reduction in its bond-buying program. | | |  | | | U.S. accuses Bank of America of mortgage-backed securities fraud | | WASHINGTON (Reuters) - The U.S. government on Tuesday filed two civil lawsuits against Bank of America for what the Justice Department and securities regulators said was a fraud on investors involving $850 million of residential mortgage-backed securities. | | | |  | | | Loeb wants Sony to lay out specific goals for entertainment unit | | NEW YORK (Reuters) - Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company's annual general meeting next May, according to a source close to the hedge fund. | | | |  | | | Fed could taper in September but doesn't have to: Lockhart | | WASHINGTON (Reuters) - The Federal Reserve could begin reducing the size of its bond-buying stimulus program as early as September but might wait longer if economic growth fails to pick up in the second half of the year, a top Fed official said on Tuesday. | | | | |  |  | | | 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 | |
