Oil falls below $97 on likely Fed tapering BANGKOK (AP) -- Oil prices fell Thursday, a day after the Federal Reserve indicated it could begin to wind down its massive stimulus program later this year, as long as the U.S. economy remains on the upswing....FedEx 4Q profit drops as priority services lag DALLAS (AP) -- FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring....News Summary: Dow slides 206 points on Fed EASING BACK: Stocks slid and bond yields rose sharply after Federal Reserve Chairman Ben Bernanke said the central bank could start to pull back on its bond purchases later this year if the economy improves enough, and end the program by mid-2014....Red Hat's 1Q net up on higher subscription revenue RALEIGH, N.C. (AP) -- Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as subscription revenue increased....La-Z-Boy, Adobe, Tetra Tech are big movers NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:...Gold and grain futures higher Gold ended higher and grain contracts climbed in Wednesday trading....How the Dow Jones industrial average fared Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making big swings in recent weeks as traders try to anticipate when the Fed will ease back on the bond-buying program. The Dow Jones industrial average had its seventh straight move of 100 points or more....Stocks slide as Fed says bond purchases could slow NEW YORK (AP) -- Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year....Stocks drift lower as investors wait for the Fed NEW YORK (AP) -- Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve....Stocks edge lower as investors wait for the Fed NEW YORK (AP) -- Stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve....
