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Wednesday, April 23, 2014

Before the Bell: Futures imply lower open after recent rally

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04/23/2014
 
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 imply lower open after recent rally
NEW YORK (Reuters) - U.S. stock index futures pointed to a slightly lower open on Wednesday as the latest corporate earnings failed to inspire investors to keep pushing equities higher following six straight days of gains on both the S&P 500 and Nasdaq.
Boeing posts higher adjusted profit, lifts 2014 forecast
(Reuters) - Rising jet production helped Boeing Co post a 14 percent rise in adjusted net profit in the first quarter, beating estimates, and the company notched up its full-year forecast.
Chinese factories stalling as euro zone business picks up
LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday.
GM said it has shipped thousands of replacement ignition switches
DETROIT (Reuters) - General Motors Co on Wednesday said it has shipped "thousands" of kits needed to repair the defective ignition switches linked to at least 13 deaths.
U.S. mortgage applications fell last week: MBA
NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday.
Valeant CEO 'disappointed' in Allergan poison pill: CNBC
(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc. on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill.
Procter & Gamble quarterly profit rises on home care sales
(Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products sales and better cost control.
China to allow private investment in 80 projects
BEIJING (Reuters) - China will allow private investment in 80 projects spanning the energy, information and infrastructure sectors as part of reforms to increase privatization, Premier Li Keqiang said on Wednesday.
Goldman loses four Asia prime brokerage execs to rivals- sources
HONG KONG (Reuters) - At least four mid-level executives are leaving Goldman Sachs Group's Asia prime brokerage unit to join rival banks, people familiar with the matter said, just as the regional hedge fund industry is starting to pick up.
Dow Chemical profit tops estimates on strong margins
(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a better-than-expected rise in quarterly profit as cost controls helped to boost margins in businesses that make coatings, plastics and crop-protection products.
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