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Tuesday, April 16, 2013

Business Today: Stock futures add to gains after CPI data

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04/16/2013
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 add to gains after CPI data
NEW YORK (Reuters) - Stock index futures slightly added to gains on Tuesday after data showed U.S. consumer prices fell in March for the first time in four months, providing the Federal Reserve with room to maintain its monetary stimulus.
Goldman earnings top estimates on gains from own investments
(Reuters) - Goldman Sachs Group Inc reported a stronger-than-expected 5.5 percent rise in quarterly profit as it earned more from underwriting fees and its own investments.
Dell reaches deal with activist investor Icahn
(Reuters) - Dell Inc said it struck a deal with billionaire Carl Icahn to limit his investment in the company, while in return allowing him to enter agreements with other shareholders on a potential bid for the PC maker.
Target warns 1st-quarter profit will miss forecasts
(Reuters) - Retailer Target Corp on Tuesday warned first-quarter earnings would miss expectations, after weaker-than-expected sales of seasonal and weather-sensitive items, sending shares down 1 percent.
Coca-Cola reports lower profit, U.S. bottler deal
(Reuters) - Coca-Cola Co reported a slightly higher-than-expected quarterly profit on Tuesday and announced a deal to unload some distribution territory to five independent U.S. bottlers, sending its shares up nearly 3 percent in premarket trading.
Glencore-Xstrata merger passes last hurdle in China
BEIJING/LONDON (Reuters) - Glencore and Xstrata cleared the final hurdle in their long-running merger plan on Tuesday, when China's Ministry of Commerce conditionally backed the $35 billion deal.
Johnson & Johnson results beat Wall Street estimates
(Reuters) - Johnson & Johnson reported better-than-expected first-quarter earnings, as growth of newer medicines for cancer, hepatitis C and blood clots offset declining sales of its treatments for heartburn and attention deficit disorder.
Dish's $25.5 billion Sprint bid may force others to act
(Reuters) - Dish Network Corp, the No.2 U.S. satellite TV provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecoms or video companies to consider their own prospects of combining.
BlackRock first-quarter profit jumps 10 percent
(Reuters) - BlackRock Inc said on Tuesday that first-quarter net income rose 10 percent as investors increasingly turned to the money manager's higher-fee stock funds.
Italian judges order seizure of 1.8 billion euros in Monte Paschi probe
SIENA, Italy (Reuters) - Italian judges ordered the seizure of more than 1.8 billion euros ($2.4 billion) of assets as part of a probe into suspected fraud against troubled lender Banca Monte dei Paschi di Siena , prosecutors said on Tuesday.
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