AP Top Business News At 5:05 p.m. EDT

Fed unveils bold, open-ended steps to aid economy
WASHINGTON (AP) -- The Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting the stock market and making it cheaper for people to borrow and spend....

The iPhone 5 and LTE _ what it means for you
NEW YORK (AP) -- The iPhone 5 is Apple's first mobile handset that uses new "LTE" wireless networks. What's LTE -and why should you care? Here are some answers....

Bernanke: No specific target for bond purchases
WASHINGTON (AP) -- The Federal Reserve does not have a specific economic target for its new stimulus program, Ben Bernanke said Thursday. He said the Fed will keep buying bonds until it sees more jobs, lower unemployment and stronger growth....

The Fed steps in, and stocks soar: Dow climbs 206
NEW YORK (AP) -- The stock market staged a huge rally Thursday after investors got the aggressive economic help they wanted from the Federal Reserve....

NYC bans big, sugary drinks at restaurants
NEW YORK (AP) -- New York City cracked down on supersized sodas and other sugary drinks Thursday in what was celebrated as a groundbreaking attempt to curb obesity but condemned as a blatant intrusion into people's lives by a busybody mayor....

Judge: Peregrine CEO should be released from jail
IOWA CITY, Iowa (AP) -- A judge is ready to release a disgraced Iowa businessman from jail while he awaits sentencing in a 20-year, $200 million fraud scheme....

Ford board meeting ends with no CEO news
DETROIT (AP) -- Ford's board of directors has ended a scheduled meeting with no announcement on the company's CEO succession plan....

Microsoft finds malware on new computers in China
WASHINGTON (AP) -- A customer in Shenzhen, China, took a new laptop out of its box and booted it up for the first time. But as the screen lit up, the computer began taking on a life of its own. The machine, triggered by a virus hidden in its hard drive, began searching across the Internet for another computer....

Review: iPhone 5 blends beauty with versatility
SAN FRANCISCO (AP) -- As I played around with the iPhone 5, I wondered what the late Steve Jobs would have thought about the latest twist on Apple's best-selling device....

Hurricane Isaac sends US jobless claims up to 382K
WASHINGTON (AP) -- The number of Americans seeking unemployment benefits jumped to the highest level in two months, although the figures were skewed in part by Hurricane Isaac....

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Fed unveils bold, open-ended steps to aid economy

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How the major stock indexes fared on Thursday

News Summary: Dow climbs 206 after Fed stimulus

Investors run to gold after Fed promises action

Ford board meeting ends with no CEO news

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US Treasurys rise on Fed plan to buy more bonds

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