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Friday, June 20, 2014

Before the Bell: Stock futures flat after five-day winning streak

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06/20/2014
 
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
Stock futures flat after five-day winning streak
NEW YORK (Reuters) - U.S. stock index futures were little changed on Friday, on the heels of a five-day rally in the S&P 500 that sent the benchmark index to its latest record high, putting it on track for its fourth weekly gain in the last five.
Siemens-Mitsubishi raises Alstom offer
PARIS/FRANKFURT (Reuters) - Siemens and Mitsubishi Heavy Industries added a billion euros to their offer for Alstom's energy business on Friday, hoping to see off a revamped bid by General Electric ahead of Monday's deadline for a decision on the struggling company's fate.
EU closes tax loophole for multinational firms
LUXEMBOURG (Reuters) - The European Union on Friday moved to close a loophole that has allowed multinational companies to reduce their tax bills by exploiting differences in national tax rules, ending months of negotiations and potentially boosting EU states' tax revenues.
Exclusive: BofA asks Holder to meet with its CEO - sources
NEW YORK/WASHINGTON (Reuters) - Brian Moynihan may be taking a play out of Jamie Dimon's book.
TPG, Carlyle eye $2.4 billion IPO for Australia's Healthscope: source
HONG KONG (Reuters) - Buyout firms TPG Capital and Carlyle Group are targeting a $2.4 billion initial public offering of shares in Australia's Healthscope Ltd as their most-favored option for the country's second-biggest private hospitals operator, a source with direct knowledge of plans told Reuters.
Judge lets DoJ proceed with fraud case against Bank of America
(Reuters) - A North Carolina judge ruled on Thursday that a Justice Department lawsuit against Bank of America Corp could move forward, allowing the complainant 30 days to file its amended petition.
Yellen gives the green light for more stock gains
NEW YORK (Reuters) - Federal Reserve chief Janet Yellen signaled that rational exuberance is just fine.
Details emerge about GM plan to pay ignition-switch victims
(Reuters) - General Motors Co may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out of court.
Twitter splits former COO's duties between two executives
(Reuters) - Twitter Inc split the roles of recently departed chief operating officer, Ali Rowghani, at a time when the microblogging site is seeking to revive slowing user growth.
Jobs, factory data point to strengthening economy
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and factory activity in the mid-Atlantic region accelerated in June, more evidence the economy was strengthening after a disastrous first quarter.
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