Career News 24/7: Before the Bell: Futures rebound after Wall Street's steep decline; Caterpillar up on results

Monday, January 27, 2014

Before the Bell: Futures rebound after Wall Street's steep decline; Caterpillar up on results

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01/27/2014

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 rebound after Wall Street's steep decline; Caterpillar up on results

NEW YORK (Reuters) - U.S. stock index futures inched higher on Monday, setting Wall Street up for a modest rebound after its worst week since June 2012 with investors focused on corporate earnings from big names like Caterpillar and Apple.

AT&T rules out Vodafone bid for now

LONDON (Reuters) - U.S. mobile group AT&T has ruled out a bid for Britain's Vodafone for now, with banking sources saying a U.S. spying scandal and a surge in European telecom shares may have disrupted a deal that many think could still happen.

Caterpillar posts stronger-than-expected fourth-quarter profit

(Reuters) - Caterpillar Inc posted a stronger-than-expected quarterly profit on Monday as the world's largest mining and construction equipment company aggressively cut costs to offset continued sluggish sales of its earth-moving equipment.

Google to buy artificial intelligence company DeepMind

(Reuters) - Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd.

Liberty Global expands European cable empire with Ziggo purchase

UTRECHT, Netherlands/BRUSSELS (Reuters) - U.S. cable group Liberty Global has clinched a takeover of Ziggo in deal that values the Dutch operator and its debt at 10 billion euros ($13.7 billion) and expands the U.S. firm's European empire.

General Motors CEO says Opel is vital part of automaker

RUESSELSHEIM, Germany (Reuters) - General Motors Co's new chief executive, Mary Barra, on Monday said lossmaking European unit Opel was a vital part of the automaker.

UK Ford workers to be balloted over strike action

LONDON (Reuters) - Britain's biggest union, Unite, said on Monday it is to ballot 5,000 workers for strike action at car manufacturer Ford in a row over job security and pensions.

Samsung to pay Ericsson $650 million plus royalties to end patent spat

STOCKHOLM (Reuters) - Samsung Electronics Co will pay Ericsson $650 million along with years of royalties to end a technology license spat, the Swedish company said on Monday.

Tata Motors top executive dies in Thailand; police suspect suicide

BANGKOK/MUMBAI (Reuters) - Karl Slym, managing director of India's Tata Motors Ltd , died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.

U.S. federal prosecutors target banks servicing payday lenders: NYT

(Reuters) - The U.S. justice department is exploring civil and criminal actions against more than 50 big and small banks that conduct business with payday lenders, who are being increasingly scrutinized by regulators, the New York Times reported, citing government officials.