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NEW YORK (Reuters) - Stocks dipped on Wednesday as investors awaited a Federal Reserve statement that could provide clues about the central bank's future stimulus efforts, a key to the market's current rally. Full Story


U.S. banks failed to follow mortgage standards: monitor
WASHINGTON (Reuters) - Four of the largest U.S. mortgage servicers failed to adhere to some of the new standards set out in a landmark settlement meant to help consumers facing foreclosure, a court-appointed monitor said on Wednesday. Full Story

U.S. judge limits ex-Goldman Sachs executive's defense in fraud case
NEW YORK (Reuters) - A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc <GS.N> vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled investors. Full Story

Exclusive: Parmalat should cut LAG price by $151 million, report to court says
PARMA, Italy (Reuters) - A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders. Full Story

New Eurofighter chief aims to make jet cheaper
PARIS (Reuters) - The new chief of the Eurofighter Typhoon will lay out plans by the end of this year to make the fighter jet cheaper and decision-making quicker, as the aircraft gears up to vie for more business in an increasingly crowded and competitive market. Full Story

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