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Tuesday, April 23, 2013

Business Today: Futures higher as profits offset disappointing China data

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04/23/2013
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Futures higher as profits offset disappointing China data
NEW YORK (Reuters) - Stock index futures edged higher on Tuesday as strong earnings improved sentiment, but weak data from China underlined concerns about global growth.
Lockheed profit beats view; budget cuts hit sales outlook
WASHINGTON (Reuters) - Lockheed Martin Corp, the Pentagon's biggest weapons supplier, reported a better-than-expected 14.8 percent rise in per-share earnings on Tuesday but warned that full-year revenue was likely to come in at the low end of earlier guidance due to U.S. budget cuts.
Business borrowing for equipment jumps 45 percent in March: ELFA
(Reuters) - Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
Xerox first-quarter profit beats view, warns on second-quarter
(Reuters) - Xerox Corp on Tuesday reported first-quarter earnings that beat expectations but said second-quarter profit would miss estimates as it restructures to become a broader technology company.
HSBC to shed 1,149 UK jobs in new round of cutbacks
LONDON (Reuters) - HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank.
DuPont profit doubles as drought boosts farm sales
(Reuters) - Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged U.S. farmers to buy its drought-hardy seeds and crop-protection products to boost yields.
Ex-MF Global CEO Corzine sued by trustee
(Reuters) - Jon Corzine, the former chief executive of MF Global Holdings Ltd , was sued by the trustee for the futures and commodities brokerage, who accused him of contributing to the company's October 2011 bankruptcy.
Imtech cuts jobs, takes more charges on German business
AMSTERDAM (Reuters) - Imtech said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company.
Exclusive: SEC looks to ease rules for launching ETFs
WASHINGTON (Reuters) - The Securities and Exchange Commission may revive a proposal that would make it easier and cheaper to launch certain kinds of exchange-traded funds, according to interviews with SEC staff.
Rosneft sees 2013 capex at $20 billion post TNK-BP deal
MOSCOW (Reuters) - Rosneft expects capital expenditure of $20 billion this year following the acquisition of TNK-BP , Rosneft's Chief Executive Officer Igor Sechin said on Tuesday.
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