Career News 24/7: Before the Bell: Wall Street to open lower on Ukraine unrest, weak China data

Monday, May 5, 2014

Before the Bell: Wall Street to open lower on Ukraine unrest, weak China data

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05/5/2014

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 to open lower on Ukraine unrest, weak China data

NEW YORK (Reuters) - U.S. stocks were set to open lower on Monday on concern China's economy is continuing to lose momentum and as pro-Russian separatists ambushed Ukrainian forces, escalating a conflict that has kept global markets on tenterhooks recently.

Pfizer sales way off mark as company pursues AstraZeneca

(Reuters) - Pfizer Inc reported revenue well below Wall Street expectations on falling sales of generic medicines, underscoring its interest in pursuing a $106 billion bid for rival AstraZeneca to promote new business growth.

Target CEO resigns after last year's cyber attack

BOSTON/BANGALORE (Reuters) - Target Corp Chief Executive and Chairman Gregg Steinhafel is leaving in the wake of the devastating data breach late last year that hurt profits, shook customer confidence in the No. 3 U.S. retailer and prompted congressional hearings.

Apple on medical tech hiring spree, a possible hint of iWatch plans

SAN FRANCISCO (Reuters) - Apple Inc is building a team of senior medical technology executives, raising hackles in the biotechnology community and offering a hint of what the iPhone maker may be planning for its widely expected iWatch and other wearable technology.

Berkshire's Buffett says has 'no desire' to war with Coca-Cola: CNBC

NEW YORK (Reuters) - Berkshire Hathaway Inc Chairman and Chief Executive Officer Warren Buffett said on Monday he had no desire to "go to war" with Coca-Cola Co and that U.S. companies were doing well under the current tax code.

Ford recalls about 4,000 Super Duty F-Series trucks for transmission issue

DETROIT (Reuters) - Ford Motor Co is recalling almost 4,000 commercial versions of its F-Series full-size pickup truck, mostly in the United States, because they could slip into reverse and increase the risk of a crash, according to documents filed with U.S. safety regulators.

China's 'ordinary' billionaire behind grand Nicaragua canal plan

BEIJING (Reuters) - Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off skepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.

Ukraine's largest bank suspends cash operations in east

KIEV (Reuters) - Ukraine's largest bank has temporarily closed branches in separatist-held Donetsk and Luhansk, saying it could no longer carry out cash transactions in regions riddled with crime that could "threaten the lives" of its workers.

China's half-year report card on economic reform: slow, safe and steady

(Reuters) - Six months into China's grand economic makeover, Beijing is playing it safe, choosing gradual progress on many fronts over game-changing, riskier reforms such as removing all controls over bank interest rates.

China to extend over $12 billion in aid to Africa

BEIJING (Reuters) - Chinese Premier Li Keqiang unveiled extra aid for Africa totaling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua reported.