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Monday, January 13, 2014

Before the Bell: Futures dip as earnings pace picks up

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01/13/2014
 
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Futures dip as earnings pace picks up
NEW YORK (Reuters) - U.S. stock index futures declined on Monday, as investors braced for a quarterly earnings season that will begin to pick up steam this week.
Japan's Suntory to buy U.S. drinks group Beam in $16 billion deal
LONDON (Reuters) - Suntory Holdings Ltd said on Monday it plans to buy Beam Inc , paying $13.6 billion in cash for the shares to make the Japanese company the world's third-largest maker of distilled drinks.
GM sweeps 2014 North American car and truck awards at Detroit show
DETROIT (Reuters) - General Motors Co on Monday swept the coveted awards handed out each year at the start of the North American International Auto Show in Detroit, claiming the top prize in both the car and truck categories.
Eminence backs Men's Wearhouse bid for Jos. A. Bank
(Reuters) - Men's Wearhouse Inc's largest shareholder, Eminence Capital LLC, said it backed the company's $1.16 billion bid for Jos. A. Bank Clothiers Inc , and urged the smaller rival to start talks with Men's Wearhouse.
With data vulnerable, retailers look for tougher security
BOSTON/NEW YORK (Reuters) - A top retail trade group executive on Sunday called for tougher security standards that could mean more spending for the industry, its banks and business partners after a series of data breaches at major merchants.
Sexy performance meets 'green' ethic at Detroit auto show
DETROIT (Reuters) - To look over the roster of racy new and future vehicles at the 2014 North American International Auto Show here, the initial impression is that U.S., European and Asian automakers want to turn back the clock to a time when performance and speed trumped concerns about energy and the environment.
New Acer CEO disappoints with lack of detail on future plans
TAIPEI (Reuters) - Investors looking for specifics as to the future of Acer Inc, the world's No.4 PC vendor, came away disappointed when the new CEO spent more time delivering a history of the company's past mistakes than on where it was headed.
Airbus posts record orders, ponders higher production
TOULOUSE, France (Reuters) - Airbus posted an industry record of 1,619 new airplane orders in 2013, pushing its backlog to almost nine years of production, and said it was examining the potential for a two-stage increase in production of its most popular jets.
Europe banks cheer easing in leverage rules, shares rally
LONDON (Reuters) - Deutsche Bank and Barclays led European bank stocks on Monday to their highest for nearly three years after regulators watered down new rules aimed at strengthening banks but which could have limited their ability to lend.
Goldcorp offers C$2.6 billion to acquire Osisko Mining
TORONTO (Reuters) - Goldcorp Inc launched an unsolicited cash-and-stock bid to acquire smaller rival Osisko Mining Corp for C$2.6 billion ($2.4 billion) on Monday, in a move to gain control of Osisko's Malartic gold mine in Quebec.
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