The Other Side of Life 24/7: Daily Investor Briefing: Fed mulls policy exit, eyes October...

Wednesday, July 9, 2014

Daily Investor Briefing: Fed mulls policy exit, eyes October...

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07/9/2014

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

Fed mulls policy exit, eyes October end of asset purchases

WASHINGTON (Reuters) - The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

Wall Street ends higher following Fed minutes

NEW YORK (Reuters) - Stocks rose on Wednesday, rebounding from a sharp two-day decline, after minutes from the Federal Reserve's June meeting showed the central bank has started to detail how it will end its loose monetary policy.

Emirates finalizes $56 billion order for 150 Boeing 777X planes

(Reuters) - Dubai airline Emirates [EMIRA.UL] finalized a $56 billion order to buy 150 Boeing 777X jets on Wednesday, firming up a commitment made last year, just weeks after scrapping an order with rival planemaker Airbus .

Exclusive: ECB keeps banks on tight leash with October test results - sources

FRANKFURT (Reuters) - The European Central Bank aims to keep banks on a tight leash in the final phase of a balance sheet health check in October, giving them just 48 hours to review the test results before publishing them, two persons familiar with the matter told Reuters on Wednesday.

American, Southwest signal solid demand ahead of earnings

(Reuters) - American Airlines Group Inc and Southwest Airlines Co forecast growth in an important revenue measure for the second quarter, signaling that demand for air travel is solid during the summer.

American Apparel, shareholders reach deal: New York Times

(Reuters) - American Apparel has reached a deal in principle with shareholders to remake its board and bolster its finances, The New York Times reported Wednesday.

Draghi urges euro zone states 'to be sovereign together'

LONDON (Reuters) - European Central Bank President Mario Draghi urged euro zone states to respect their joint fiscal rules and extend their cooperation to economic reforms, telling governments they must "learn to govern together".

State Street settles shareholder, employee lawsuits for $70 mln

(Reuters) - State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed securities were safe.

Foster Farms battles insurers over definition of 'recall'

CHICAGO (Reuters) - Foster Farms and its London insurers are facing off over the definition of "product recall" as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court documents show.

America Movil aims to sell assets as quickly as possible

MEXICO CITY (Reuters) - Mexican telecoms company America Movil plans to divest assets as quickly as possible to escape tougher regulation, and it hopes to sell to a single buyer, spokesman Arturo Elias said on Wednesday.