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Wednesday, March 19, 2014

Before the Bell: Stock futures little changed after two-day rally, Fed awaited

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03/19/2014
 
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
Stock futures little changed after two-day rally, Fed awaited
NEW YORK (Reuters) - U.S. stock index futures were little changed on Wednesday as investors paused following a sharp two-day advance, and as they looked ahead to comments from Federal Reserve Chair Janet Yellen.
JPMorgan to sell physical commodities business to Mercuria
NEW YORK (Reuters) - U.S. investment bank JPMorgan has agreed to sell its physical commodities business to Mercuria, sources close to the deal said on Wednesday, catapulting the Swiss trade house into the top tier of commodities traders.
U.S. current account gap hits 14-year low in fourth quarter
WASHINGTON (Reuters) - The U.S. current account deficit tumbled to a 14-year low in the fourth quarter as exports touched a record high, a government report showed on Wednesday.
Winter storms hurt FedEx third-quarter results, shares fall
(Reuters) - FedEx Corp , the world's No. 2 package delivery company, posted lower-than-expected results on Wednesday and forecast a weaker full year profit view, saying it was significantly hurt by winter storms.
Exclusive: States to probe Comcast plan to buy Time Warner Cable
WASHINGTON (Reuters) - Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast's plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida said in a statement to Reuters.
Toyota in U.S. settlement over unintended acceleration: source
(Reuters) - The U.S. Justice Department has reached a settlement of more than $1 billion with automaker Toyota Motor Corp, stemming from its handling of consumer complaints over unintended vehicle acceleration, a person briefed on the matter said.
Fed poised to trim bond buying, rewrite rates guidance
WASHINGTON (Reuters) - The Federal Reserve is set to trim its bond-buying stimulus for a third time in a row on Wednesday, and will probably rewrite its guidance on when it might eventually raise interest rates.
Alibaba's choice of U.S. IPO spurred by rivals, Hong Kong impasse: sources
HONG KONG (Reuters) - After a year of waiting, the man running what could be the biggest-ever technology IPO finally lost patience with Hong Kong.
BMW sees 2014 pretax profit up by single to double digit pct
MUNICH (Reuters) - BMW Chief Financial Officer Friedrich Eichiner said the company's forecast for a significant rise in 2014 pretax profit meant an increase somewhere between a single and double digit percentage.
Lawyers ply the Internet to score clients for GM lawsuits
NEW YORK (Reuters) - General Motors may face lawsuits for millions of dollars over its recall of 1.6 million cars, but first lawyers have to find clients if they hope to get a foot in the courthouse door.
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