Career News 24/7: Before the Bell: Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

Friday, April 18, 2014

Before the Bell: Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

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04/18/2014

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

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.

Compensation battle rages four years after BP's U.S. oil spill

(Reuters) - Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.

GM could benefit, too, from an ignition-switch victims fund

(Reuters) - If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. But it could stand to gain even more.

Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords

SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document filed late on Thursday by employees suing the firms.

Monte Paschi approves increasing size of capital increase to 5 billion euros

MILAN (Reuters) - The board of Italy's Monte dei Paschi di Siena approved increasing the size of a planned capital increase to 5 billion euros ($6.9 billion) from 3 billion euros to absorb any potential loss stemming from a European health check of lenders.

The robot is ready - so when will deep sea mining start?

NEWCASTLE, England/LONDON (Reuters) - The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea (PNG) - when a wrangle over terms is solved.

Japan investment in Southeast Asia surges amid China slump

TOKYO (Reuters) - Japanese companies' investments in Southeast Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labor costs rose, a government agency of Japan said on Friday.

Japan, U.S. trade talks in stalemate, ministers to meet again: Japan

WASHINGTON/TOKYO (Reuters) - U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said, as negotiators struggle to narrow gaps ahead of a summit between the countries' leaders.

Retailer Michaels Stores confirms payment card data breach

(Reuters) - Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers.

Disney sees operating income growth at cable networks

LOS ANGELES (Reuters) - Walt Disney Co's cable networks are expected to record high single-digit growth in operating income and domestic affiliate revenue from fiscal 2014 through 2016, Chief Financial Officer Jay Rasulo told investors on Thursday.