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Tuesday, April 29, 2014

Before the Bell: Futures gain on earnings; Merck shares up in premarket

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04/29/2014
 
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Futures gain on earnings; Merck shares up in premarket
NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday following a batch of early corporate results that were better than expected.
GE trumpets 40-year jet engine venture to bolster Alstom bid
PARIS (Reuters) - As General Electric tries to convince French leaders to back its offer to rescue engineering firm Alstom , it hopes that three letters will convince them of its good will: CFM.
Sprint revenue rises on new device installment plan
(Reuters) - Sprint Corp, the No. 3 U.S. mobile provider on Tuesday reported an increase in quarterly revenue in line with analysts' expectations, due to a new billing plan that lowered wireless expenses.
Last Nokia phones sell sluggishly as loss widens
HELSINKI (Reuters) - Nokia said on Tuesday its phone sales fell 30 percent in the last quarter they belonged to the previous world-market leader and the unit's loss widened.
U.S. banks to help regulators in tax evasion probe: WSJ
(Reuters) - The Swiss units of Goldman Sachs Group Inc and Morgan Stanley have agreed to hand over details to U.S. authorities about how they may have helped Americans to evade taxes, the Wall Street Journal reported.
Target names new CIO to oversee technology, security
(Reuters) - Target Corp on Tuesday said it has appointed a new Chief Information Officer, Bob DeRodes, to oversee the discount retailer's technology team, operations and data security enhancements.
Mercedes recalls 284,000 cars in US, Canada over tail lights
DETROIT (Reuters) - Mercedes is recalling about 284,000 of its C-Class sedans in the United States and Canada because an electrical issue could cause the tail lights to dim or fail, according to the company and documents filed with U.S. safety regulators.
Barclays says U.S. head McGee quits
LONDON (Reuters) - British bank Barclays Plc said Skip McGee has quit as head of its U.S. business because he does not want to oversee the task of establishing a new company required under tougher U.S. rules.
Euro zone sentiment, inflation expectations dip in April
BRUSSELS (Reuters) - Euro zone economic sentiment deteriorated slightly in April, defying forecasts of further improvement, while inflation expectations continued to fall, European Commission data showed on Tuesday.
European Union moves to end smartphone patent wars
BRUSSELS (Reuters) - The European Commission moved on Tuesday to stem aggressive patent lawsuits by smartphone and tablet makers against rivals, ruling that Motorola Mobility had broken EU law by taking such action against Apple.
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