Before the Bell: Bank of America profit beats as mortgage losses ease, provisions fall

	Click to View in Browser 01/15/2014 Bank of America profit beats as mortgage losses ease, provisions fall (Reuters) - Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Producer prices post largest gain in six months WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in six months in December as the cost of gasoline rebounded strongly, but inflation pressures remained benign. Stock futures up after Bank of America results NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, after earnings from Bank of America and ahead of data on inflation and manufacturing. Exclusive: U.S. regulators at Citi in London as part of FX probe LONDON (Reuters) - The U.S. Federal Reserve and Office of the Comptroller of the Currency have sent investigators to Citigroup's London headquarters as part of an international investigation into alleged manipulation of the global currency market, a source familiar with the matter told Reuters on Wednesday. GM expects modest profit uptick, flat margins in 2014 DETROIT (Reuters) - General Motors Co's new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. Deutsche Bank suspends FX traders in New York LONDON (Reuters) - Deutsche Bank , Germany's biggest bank, has suspended several currency traders in New York in an internal probe that forms part of an international investigation into alleged manipulation of the global currency markets, a source familiar with the matter said on Wednesday. Boeing 787 grounded in Tokyo for checks after battery vents white smoke TOKYO/SEATTLE (Reuters) - A Japan Airlines (JAL) Boeing 787 Dreamliner remained grounded at Tokyo's Narita International Airport on Wednesday as regulators demanded checks to see if the aircraft was fit to fly, a day after white smoke vented from the plane and a battery cell showed signs of melting. Target data breach could be costly for payment partners BOSTON (Reuters) - Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping season. Improving world growth outlook lifts stocks and dollar LONDON (Reuters) - Signs the global economy is starting to move up a gear pushed world share markets higher on Wednesday, while the dollar made gains in the wake of surprisingly strong U.S. consumer spending figures. Ford says would reassess UK operations if Britain left EU: paper LONDON (Reuters) - Ford , the top-selling car manufacturer in Britain, said on Wednesday it would be forced to reconsider its UK operations if the country voted in favor of leaving the European Union, the latest major foreign investor to sound the same warning. Related Video Hollande's ambition gets Breakingviews nod Reuters Today: Bumper Christmas for Burberry; RBS bonuses Global Investing Wells Fargo organizes meet to discuss Bitcoin rules: FT Women hedge fund managers outpace male rivals, again: study 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