Latest Business News: Oil Down Slightly as Fed Signal Easing of Stimulus

The price of oil fell slightly as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities. Financial markets shuddered after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014. Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned.
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