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Tuesday, March 4, 2014

Before the Bell: Futures rally as Ukraine-Russia tension eases

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03/4/2014
 
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Futures rally as Ukraine-Russia tension eases
NEW YORK (Reuters) - U.S. stock index futures rallied on Tuesday after Russian President Vladimir Putin ordered troops involved in a military exercise near the Russian border with Ukraine back to their bases, easing East-West fears of a possible war in the region.
Carmakers fret emerging markets gloom could overshadow European recovery
GENEVA (Reuters) - French carmaker Renault has trimmed its growth forecast for the global market this year, in a sign the industry is becoming increasingly worried about volatile emerging markets even as demand in Europe starts to pick up.
Apple CFO Oppenheimer to retire at end of September
(Reuters) - Apple Inc said Chief Financial Officer Peter Oppenheimer would retire at the end of September.
Exclusive: Itaú-CorpBanca deal draws fire from U.S. activist investor
SAO PAULO/NEW YORK (Reuters) - A United States activist investor is asking CorpBanca SA's board to scrap its recent tie-up with Brazil's Itaú Unibanco Holding SA and launch a new auction, alleging the Chilean bank sold its minority investors short while benefiting its controlling shareholder, according to documents seen by Reuters.
Adidas extends contract of CEO Hainer until 2017
FRANKFURT (Reuters) - German sportswear company Adidas has extended the contract of Chief Executive Herbert Hainer by two years until 2017, it said on Tuesday.
U.S. court rejects BP appeal over Gulf spill losses
(Reuters) - A divided U.S. appeals court on Monday rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.
Buffett fails to dispel investor angst over succession plan
(Reuters) - Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans.
New Roche chairman promises continuity
BASEL (Reuters) - Outgoing Lufthansa boss Christoph Franz vowed to keep Roche on its current course after shareholders overwhelmingly elected him as chairman of the Swiss drugmaker.
U.S. factory, spending data hint at improving economy
WASHINGTON (Reuters) - U.S. factory activity rebounded last month from an eight-month low and consumer spending increased more than expected in January, suggesting the economy was regaining some strength after abruptly slowing in recent months.
Bernanke says Fed could have done more during crisis
ABU DHABI (Reuters) - Former Federal Reserve Chairman Ben Bernanke said the U.S. central bank could have done more to fight the country's financial crisis and that he struggled to find the right way to communicate with markets.
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