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Friday, April 25, 2014

Business Today: Futures point to lower open as Amazon and Ford fall

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04/25/2014
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Futures point to lower open as Amazon and Ford fall
NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open on Friday as a number of bellwether names, including Amazon and Ford, fell following their quarterly results, overshadowing positive numbers from Microsoft.
Nokia to name Rajeev Suri as next CEO on Tuesday: report
HELSINKI (Reuters) - Nokia , which is set to close the sale of its phone business to Microsoft , will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.
Ford posts weaker-than-expected profit as warranty costs rise
DETROIT (Reuters) - Ford Motor Co posted lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker saw higher warranty costs in North America for older vehicles by $400 million.
AstraZeneca bid talk 'a commercial matter': UK finance minister
CAMBRIDGE, England (Reuters) - Talk of a $100 billion bid by U.S. drugmaker Pfizer for its British rival AstraZeneca is "a commercial matter between the companies", Britain's finance minister George Osborne said on Friday.
GE in talks to buy Alstom's global power arm: sources
PARIS (Reuters) - General Electric is in talks with Alstom to take over its global power business and a deal could be announced in the coming days, two sources familiar with the matter said on Friday.
Nokia says handset business sale to Microsoft completed
HELSINKI (Reuters) - Nokia on Friday said the sale of its once-dominant handset business to Microsoft has been closed after the companies agreed to leave two factories in India and Korea out of the deal.
The Chinese take Manhattan: replace Russians as top apartment buyers
NEW YORK/SYDNEY (Reuters) - For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians - whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.
Exclusive - Top UK investors to file $2 billion legal claims against RBS: sources
LONDON (Reuters) - Three of Britain's biggest investors are expected to file lawsuits against Royal Bank of Scotland next week saying they were misled over its 2008 rights issue and seeking to claw back more than 1 billion pounds ($1.68 billion), people familiar with the matter said.
Rating agencies buy into euro zone recovery story
MILAN/PARIS (Reuters) - Ratings agencies gave a broadly upbeat assessment of the euro zone's creditworthiness on Friday, contrasting sharply with reviews of recent years and reflecting growing confidence in the region's fiscal and economic recovery.
Electrolux shares soar as long-awaited European demand returns
STOCKHOLM (Reuters) - Electrolux, the world's second-biggest home appliances maker, said on Friday its European markets were finally growing again and that a recovery in the United States would continue, sending its shares up nearly 10 percent.
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