Business Today: Stock futures hold recent gains as Fed statement looms

		Click to View in Browser 06/19/2013 Stock futures hold recent gains as Fed statement looms NEW YORK (Reuters) - Stock futures were up modestly Wednesday, holding on to gains over the last two days ahead of a highly anticipated Federal Reserve statement and news conference. World Bank watching Fed, ready to respond LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. FedEx posts higher than expected profit (Reuters) - FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices. Vodafone may trump Liberty with $10 billion cash bid for Kabel: sources FRANKFURT/LONDON (Reuters) - Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday. Tesla recalls some Model S cars due to seat-mount defect (Reuters) - Electric car maker Tesla Motors Inc said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. Lockheed, Mitsubushi Heavy sign deal for F-35 assembly PARIS (Reuters) - Lockheed Martin Corp has signed a contract with Mitsubishi Heavy Industries Ltd to begin work on a final assembly and check-out plant for the F-35 Joint Strike Fighter in Japan, it said on Wednesday. Leasing firm CIT orders 30 Boeing 737 MAX planes PARIS (Reuters) - Boeing has won an order for 30 of its 737 MAX 8 aircraft worth $3 billion at list prices from leasing firm CIT Group , the two companies said at the Paris Airshow on Wednesday. Obama says U.S. EU free trade deal can boost jobs and growth BERLIN (Reuters) - President Barack Obama said on Wednesday a free trade agreement between the United States and the European Union could boost jobs and growth on both sides of the Atlantic and he also stressed the need for economic structural reforms. Airbus wins A350 order from Air France-KLM PARIS (Reuters) - Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance. Softbank closer to acquiring Sprint after Dish abandons bid for now TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week. Related Video BRICs will suffer from QE rollback - World Bank Water "the teeth" of climate change - World Bank Economic News World Bank watching Fed, ready to respond Fed seen keeping options open on pace of bond buying A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend