Business Today: Fed seen holding steady policy course but could hint on exit

		Click to View in Browser 06/18/2014 Fed seen holding steady policy course but could hint on exit Washington, June18(Reuters) - The Federal Reserve's policy committee concludes its latest meeting on Wednesday with little change expected in its outlook for interest rates but the potential for new details to emerge on the planned exit from its current easy monetary policy. GE to submit improved Alstom offer on Thursday: source PARIS (Reuters) - General Electric will on Thursday unveil to the French government and unions an improved offer for the energy businesses of Alstom, a source close to the U.S. conglomerate said of renewed efforts to fend off a rival proposal. Wall St. to open flat with Fed statement on tap NEW YORK (Reuters) - U.S. stocks were poised for a flat open on Wednesday, after a three-day winning streak for the S&P 500 index and ahead of a monetary policy announcement by the Federal Reserve. FedEx's ground business boosts fourth-quarter revenue (Reuters) - FedEx Corp reported a better-than-expected 3.5 percent rise in quarterly revenue as the world's No. 2 package delivery company benefited from higher volumes in its ground business. GM's CEO to face more Capitol Hill grilling over safety crisis WASHINGTON (Reuters) - General Motors Co Chief Executive Mary Barra is returning to Capitol Hill on Wednesday to face intense questioning about whether the automaker has a grip on the safety crisis that has enveloped it this year, as recalls connected to ignition-switch issues continue to grow. Billionaire JD.com founder lines up next challenge: beating Alibaba BEIJING (Reuters) - With an iron grip, JD.com Inc founder Richard Liu has dragged China's number two online retailer from a Beijing backwater to a rich New York listing. Beyond the wealth that brought him lies Liu's next target - beating Jack Ma's Alibaba. Bayer signs $14.2 billion acquisition loan LONDON (Reuters) - Bayer has signed a $14.2 billion acquisition loan backing its purchase of U.S.-based Merck's consumer care business, the lead banks said in a statement on Wednesday. U.S. mortgage applications drop in latest week: MBA NEW YORK (Reuters) - Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. Knight Vinke sees UBS moving towards break up MONACO (Reuters) - Eric Knight, CEO of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice to split its wealth management business from its investment bank. Premier Li says no hard landing for China, expects medium to high growth LONDON (Reuters) - China's economy will not have a hard landing and will maintain medium to high growth in the long run, Premier Li Keqiang said on Wednesday. Related Video Breakingviews: Shire independence comes harder than Astra's A China rainmaker's early e-commerce bet pays off Economic News Japan exports disappoint, risks hitting economy hard Political change, China news spurs spike in second quarter Asia business sentiment 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