Business Today: Futures gain after rally, indexes set for strong week

		Click to View in Browser 01/23/2015 Futures gain after rally, indexes set for strong week NEW YORK (Reuters) - U.S. stock index futures climbed on Friday, adding to a sharp rally in the previous session that returned the S&P 500 and Nasdaq to positive territory for the year and putting major indexes on track to break a three-week streak of declines. McDonald's quarterly sales fall 7 percent (Reuters) - McDonald's Corp , the world's biggest restaurant chain, reported a 7.3 percent fall in quarterly sales as it struggled to recover from a food scandal in China and battled tough competition in the United States. BNY Mellon, State Street get profit boost from forex trading (Reuters) - BNY Mellon Corp and State Street Corp, the world's two largest custody banks, said on Friday their fourth-quarter profits got a boost from a surge in volume and volatility in foreign currency markets. Oil pares gains as Saudi oil policy set to continue LONDON (Reuters) - Oil prices rose on Friday after the death of Saudi Arabia's king added to the uncertainty in global oil markets, although the new ruler indicated immediately there would be no policy change. GE industrial profit rises despite flagging oil unit sales (Reuters) - General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit. Hutchison to buy Telefonica UK unit for $15.4 billion MADRID/HONG KONG (Reuters) - Li Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain's telecoms industry. Evaporating inflation and growth put pressure on central banks LONDON/BEIJING (Reuters) - Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European Central Bank voted to print money in a bid to revive inflation. U.S. banks resign themselves to lower yields for longer NEW YORK (Reuters) - U.S. banks, after spending much of the last year bracing themselves for higher bond yields, are now resigning themselves to at least another few quarters of low rates, executives and analysts said. China says Microsoft Outlook hacking allegations 'groundless' SHANGHAI (Reuters) - Allegations that Chinese authorities hacked into Microsoft Corp's Outlook email service are "groundless slander", the official Xinhua news agency quoted Beijing's cyberspace regulator as saying late on Thursday. Fed's solo act gets tougher with ECB, others in stimulus mode WASHINGTON (Reuters) - Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. Related Video Apple paying former Burberry boss $73m Asia markets toast ECB stimulus Economic News A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend