Career News 24/7: Before the Bell: Futures trim gains after durable goods data

Tuesday, January 28, 2014

Before the Bell: Futures trim gains after durable goods data

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01/28/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Futures trim gains after durable goods data

NEW YORK (Reuters) - U.S. stock index futures pared gains on Tuesday after data showed orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods.

Apple's iPhone sales, revenue forecast fall short; shares slide

(Reuters) - Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock.

U.S. durable goods orders unexpectedly plunge in December

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook.

Emerging market rout pauses ahead of Turkey, Fed meetings

LONDON (Reuters) - Emerging markets steadied after three days of intense selling on Tuesday, as investors waited to see if Turkey, one of the epicenters of the rout, would hike interest rates to defend its battered lira.

U.S. securities class-action suits rise, big Supreme Court case looms

(Reuters) - Investors are pursuing more lawsuits accusing companies of fraud, according to a new study, but filings may plunge if the U.S. Supreme Court decides soon to remake the legal landscape.

Ford profit beats estimates; outlook affirmed

DEARBORN, Michigan (Reuters) - Ford Motor Co on Tuesday posted a higher-than-expected quarterly profit as a strong performance in the No. 2 U.S. automaker's core North American market offset losses in Europe and South America.

Pfizer beats sales, profit forecasts; shares rise

(Reuters) - Pfizer Inc reported better than expected fourth-quarter results, helped by sales of new treatments for cancer, nerve pain and arthritis, sending shares 3 percent higher in premarket trading.

RBS cuts some forex fixings services as global probe continues

LONDON (Reuters) - Royal Bank of Scotland has told clients it will stop accepting orders for a number of currency fixings, citing an internal review and declining comment on any link to a global inquiry into possible manipulation of the daily benchmarks.

Honda becomes first Japan automaker to be net exporter from U.S.

(Reuters) - Honda Motor Co last year exported more cars out of the United States than it imported into the country, claiming a first among major Japanese automakers.

Bets on China to balance reform and growth despite market fright

BEIJING/TOKYO (Reuters) - Investors fretting over the impact of China's economic slowdown on its once red-hot emerging market peers have a powerful ally in Beijing's leadership, which has both the means and strong motivation to forestall a sharp downturn.