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Wednesday, January 22, 2014

Before the Bell: Futures edge lower on latest earnings flurry

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01/22/2014
 
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Futures edge lower on latest earnings flurry
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday, as investors looked to the next round of earnings reports for direction in a stock market that has been unable to find its footing after rallying about 30 percent last year.
VMWare to buy mobile security firm AirWatch in $1.54 billion deal
(Reuters) - Cloud software maker VMWare Inc said it would buy privately held mobile security company AirWatch in a deal valued at about $1.54 billion to tap into rising demand for software security, sending its shares up 3 percent in premarket trading.
El-Erian departure weighs on Allianz shares
FRANKFURT (Reuters) - Allianz shares slipped 1.9 percent on Wednesday, lagging a flat sector index , following news that the star chief executive of its Pimco asset management unit, Mohamed El-Erian, is to step down from the post.
IBM misses revenue targets again after stumbling in China
(Reuters) - IBM Corp missed revenue expectations for the fourth consecutive quarter as the world's biggest technology services company grappled with weakening demand for its servers and storage equipment, particularly in growth markets like China.
With Yellen on deck, Fed's Bernanke to stick to low-rate vow
SAN FRANCISCO/NEW YORK (Reuters) - Federal Reserve policymakers will likely leave intact their delicately worded easy-money message when they meet next week, despite a surprisingly sharp drop in U.S. unemployment that threatens to make a central part of that message irrelevant.
Analysis: Corporate cash may not all flow back with recovery
LONDON (Reuters) - When the corporate cash dam bursts, everything will be ok, right? Well, maybe.
Coach loses more ground to rivals in North America
(Reuters) - Coach Inc said sales in North America fell further in the final quarter of 2013, as it loses share in the handbag business to fast-growing rivals such as Michael Kors Holdings Ltd and kate spade .
China creates teams to spearhead economic change, with top leaders in charge
BEIJING (Reuters) - China has created six teams to supervise its boldest economic and social changes in 30 years, with President Xi Jinping and Premier Li Keqiang personally taking charge, state media said on Wednesday.
Abu Dhabi's Etihad secures U.S. route-sharing deal with JetBlue
ABU DHABI (Reuters) - Abu Dhabi's state-owned Etihad Airways has secured a deal to share route codes with U.S. carrier JetBlue Airways , it said on Wednesday, a move which extends the reach of its apparent network in the United States and nearby markets.
In age of market scrutiny, who wants in on the gold "fix"?
LONDON (Reuters) - Deutsche Bank's decision to put its seat at the gold fixing table up for sale has raised questions about the future of the price benchmark.
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