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Tuesday, February 25, 2014

Business Today: Futures slip, but Home Depot rises in premarket

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02/25/2014
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
Futures slip, but Home Depot rises in premarket
NEW YORK (Reuters) - Stock futures edged lower on Tuesday, with investors finding few reasons to buy following a rally that took the S&P 500 to an all-time intraday high.
Exclusive: Google sets roadblocks to stop distracted driver legislation
SAN FRANCISCO (Reuters) - Google is lobbying officials in at least three U.S. states to stop proposed restrictions on driving with headsets such as Google Glass, marking some of the first clashes over the nascent wearable technology.
JPMorgan announces cuts to profit target, jobs
(Reuters) - JPMorgan Chase & Co , the largest U.S. bank, is reducing both its profit target and headcount in 2014, according to a Tuesday presentation.
Macy's says quarter is off to a slow start
(Reuters) - Macy's Inc on Tuesday said sales in its new fiscal year were off to a slow start, coming on the heels of a dip in January, and the department store operator's shares fell nearly 2 percent.
India to block U.S. trade probes, ready for fight at WTO
NEW DELHI (Reuters) - India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a battle at the World Trade Organization (WTO), a move that could escalate already-strained tension between the two countries.
Home Depot profit tops estimates on cost cuts
(Reuters) - Home Depot Inc reported a higher-than-expected quarterly profit on Tuesday as it kept a tight lid on costs to offset weak sales, sending shares in the world's largest home improvement chain up 3 percent.
Italy and France to lag Germany in euro zone recovery
BRUSSELS (Reuters) - Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisis, the European Commission said on Tuesday.
Uniqlo tweaks 'Made for All' to give U.S. shoppers a '3-D' fit
TOKYO (Reuters) - Fast Retailing Co's casual clothing brand Uniqlo is rethinking its "Made for All" strategy, looking to offer lower priced lines in smaller Asian cities and more generous sizes to fit the U.S. market, a top executive said on Tuesday.
Chesapeake Energy says pursuing strategic alternatives for oilfield services unit
(Reuters) - Chesapeake Energy Corporation said it is pursuing strategic alternatives for its oilfield services division, including an outright sale or a potential spin off to Chesapeake shareholders.
How Citigroup stumbled in the Mexican housing market
ZUMPANGO, Mexico/NEW YORK - (Reuters) - Just outside the town of Zumpango, about an hour from Mexico City, packs of stray dogs sniff around abandoned homes in a half-empty neighborhood.
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