*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
*U.S. equities fall as Bernanke says QE could be reduced this year. NEW YORK, June 19- Bond prices and equities fell while the dollar rose on Wednesday after Ben Bernanke laid out a blueprint for how the Federal Reserve could wind down its bond purchase program.
*Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks fell 1 percent in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve.
CHICAGO, June 18- A swine virus deadly to young pigs, one never before seen in North America, is spreading rapidly across the United States and proving harder to control than previously believed.
The Shafer transcript was released by the top Democrat on the House of Representatives committee leading a probe of the IRS, Representative Elijah Cummings, who said it debunked the Republican "conspiracy theories" that Washington political figures played a role in the IRS scrutiny of the conservative groups.
June 18- A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980 s.
WASHINGTON, June 18- A manager from a U.S. Internal Revenue Service office in Cincinnati where staff have been accused of unfairly subjecting conservative groups to extra scrutiny has said his agents were not influenced by any political agenda.
NEW YORK-- The Kroger Co. reports its fiscal first-quarter results Thursday, which should give investors a closer look at how the country's largest traditional supermarket operator is keeping pace with a changing industry. Kroger has also been experimenting with different store formats that are larger and smaller than its traditional grocery.
MEMPHIS, Tenn.-- Agriculture Secretary Tom Vilsack says the federal government is funding nine Tennessee business-related projects with more than $100,000 in grants.
June 18- A federal judge has ordered United Technologies Corp to pay $473 million plus interest for manipulating costs to win U.S. Air Force jet engine contracts in the 1980 s.
*Boeing increased 737 production rates 60 percent. Ray Conner, CEO of Boeing's commercial airplane division, asked at the Paris Air Show on Monday. Relatively low production- Boeing and Airbus produce about 1,200 jets a year- often does not justify the big investments required.
*Sony ADRs higher as Third Point raises stake. Speculation over the meeting has shaken markets significantly after Fed Chairman Ben Bernanke said on May 22 the Fed could begin to scale down its stimulus if the U.S. economy gains momentum, comments that brought the equities rally to a halt.
*Sony ADRs higher as Third Point raises stake. Speculation over the meeting has shaken markets significantly after Fed Chairman Ben Bernanke said on May 22 the Fed could begin to scale down its stimulus if the U.S. economy gains momentum, comments that halted the equities rally.
NEW YORK-- BioScrip Inc. plans to expand its drug infusion business with a $223 million acquisition of CarePoint, which administers drugs to patients in their homes and other locations outside of hospitals. BioScrip expects about $160 million in annual revenue from CarePoint, while BioScrip posted $663 million in revenue in 2012..
WEST CHESTER, Ohio-- AK Steel will likely post a larger-than-expected second-quarter loss, the company said Monday, citing the effects of a maintenance outage at one of its blast furnaces, on top of greater tax expenses. AK Steel also expects to record non-cash income tax expenses of about $11 million, or 8 cents per share, for the second quarter.
LONG BEACH, Calif.-- Molina Healthcare said Monday it completed a $158 million sale and leaseback of its corporate headquarters in Long Beach, Calif.. The deal with Angelo, Gordon& Co. also includes a Columbus, Ohio, office building acquired last year that serves as the principal health plan operations of subsidiary Molina Healthcare of Ohio.
LAS VEGAS-- Pinnacle has reached an agreement in principle with federal regulators on the structure of its proposed acquisition of rival Ameristar Casinos Inc..
TOLEDO, Ohio-- Owens Corning named the CEO of Chiquita to its board Monday. Edward Lonergan took the top spot at Chiquita Brands International Inc. last year after heading Diversey Inc. That company, a provider of cleaning, sanitation and hygiene products and services, was sold to Sealed Air Corp. in October 2011.
June 16- Internal Revenue Service employees in Ohio, who singled out conservative groups applying for tax-exempt status for extra scrutiny, likely did not consider the political implications, an IRS official in Washington has told congressional investigators.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."