NEW YORK (Reuters) - Stocks edged lower on Wednesday after the Federal Reserve acted to aid the fragile economy with stimulus measures that were in line with market expectations but went no further.
Reuters
Xstrata puts PNG copper stake on the block
SYDNEY/MELBOURNE (Reuters) - Global miner Xstrata Plc has put up for sale a stake in the Frieda River copper project in Papua New Guinea, potentially worth more than $2 billion, as part of a review of its development projects worldwide.
Apple fined in Australia for misleading iPad advertising
MELBOURNE (Reuters) - Apple Inc was fined A$2.25 million ($2.29 million) by an Australian court on Thursday for misleading advertising of its latest iPad.
Insight: In "Green Wheat" drive, Wal-Mart may transform farming
CHICAGO (Reuters) - Wal-Mart Stores Inc has long used its commercial might to forge a global supply chain with ruthless efficiency. It now has a new target: U.S. wheat fields.
China June factory activity down, exports poor -HSBC Flash PMI
BEIJING (Reuters) - China's factory sector contracted for an eighth straight month in June, with export orders and prices turning in their weakest showing since early 2009, a private-sector survey showed on Thursday.
Fed ramps up economic stimulus, ready to do more
WASHINGTON (Reuters) - The Federal Reserve on Wednesday delivered another round of monetary stimulus and said it was ready to do even more to help an increasingly fragile economic recovery.
Pilots' union rejects American contract offer
NEW YORK (Reuters) - Pilot union leaders at American Airlines have rejected the carrier's final contract offer, leaving it to a judge to decide whether to grant the company's request to vacate the labor group's collective bargaining agreement in bankruptcy court.
Asian shares, commodities down as Fed and China disappoint
SINGAPORE (Reuters) - Asian stocks slipped and commodities fell broadly on Thursday after the Federal Reserve disappointed some investors with only a limited expansion of monetary stimulus and a survey showed China's vast factory sector slowed for an eighth month running.
Coca-Cola to distribute high-protein milk drink in U.S.
(Reuters) - Coca-Cola Co has signed a deal with Fair Oaks Farms Brands to distribute the Core Power range of high-protein energy drinks in the United States, as the soft drink giant moves into the dairy products market.
China to end anti-dumping probe of U.S. distillers grains
BEIJING (Reuters) - China's commerce ministry says it will end its anti-dumping probe on imports of U.S. distillers dried grains (DDGS), which will open the door for more imports.
