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Wednesday, April 24, 2013

Business Today: Stock futures turn negative after data

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04/24/2013
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Stock futures turn negative after data
NEW YORK (Reuters) - Stock index futures turned negative on Wednesday following weaker-than-expected data on March durable goods.
Durable goods orders fall broadly as factories cool
WASHINGTON (Reuters) - Orders for long-lasting manufactured goods recorded their biggest drop in seven months in March and a gauge of planned business spending rose modestly, adding to signs of a slowdown in factory activity.
Boeing profit beats estimates despite 787 problems
NEW YORK (Reuters) - Boeing Co's first-quarter earnings jumped nearly 20 percent, handily beating analysts' estimates and showing little impact from the 787 Dreamliner problems, sending the company's shares up 3.2 percent in premarket trading.
Ford profit surpasses estimates as North America shines
DETROIT (Reuters) - Ford Motor Co posted a higher-than-expected first-quarter profit on Wednesday as its North American unit posted its best quarter in more than a decade on the strength of new models.
P&G forecasts profit below Street, shares drop
(Reuters) - Procter & Gamble Co on Wednesday forecast current-quarter profit below Wall Street expectations and year-ago levels, sending shares lower in early trading.
ECB poised to cut rates to help recession-hit euro zone
FRANKFURT (Reuters) - The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week.
Apple's cash plan takes heat off Cook, buys him time
(Reuters) - Tim Cook wants investors to "think different" about Apple: less as a hyper-growth startup-like company and more as a mature but robust technology corporation with the world's most lucrative dividend.
Investment bank lifts Credit Suisse as private bank dips
ZURICH (Reuters) - Credit Suisse's quarterly earnings beat expectations on Wednesday as a restructuring of its investment bank compensated for a surprising slide in private banking profits.
Nasdaq earnings fall on charges related to Facebook IPO
(Reuters) - Nasdaq OMX Group Inc reported a lower first-quarter profit on Wednesday as the transatlantic exchange operator set aside cash to reimburse firms harmed in Facebook Inc's botched market debut last May.
Analysis: BA loss may spur Boeing to offer mini-jumbo in weeks
PARIS/DUBAI (Reuters) - Boeing looks ready to start offering its long-awaited next-generation mini-jumbo in weeks after pondering for months how to prevent a key part of the big-jet market slipping to rival Airbus .
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Durable goods orders fall broadly as factories cool
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