Business Today: Futures add to losses after jobs report

Click to View in Browser 05/2/2012 Futures add to losses after jobs report NEW YORK (Reuters) - Stock index futures extended losses on Wednesday after data showed U.S. private employers added far fewer jobs than expected in April. Private sector adds 119,000 jobs in April: ADP NEW YORK (Reuters) - U.S. private employers added a far fewer than expected 119,000 jobs in April, the smallest gain since September 2011, a report by a payrolls processor showed on Wednesday. MasterCard profit rises 21 percent, beats estimates (Reuters) - MasterCard Inc the world's second-largest credit and debit card network, reported a 21 percent increase in first-quarter earnings, beating Wall Street estimates, as consumers spent more with their cards. Time Warner's revenue up, though "Luck" wasn't (Reuters) - Time Warner Inc said Wednesday its revenue rose 4 percent from a year ago, but impairment charges including one from the troubled HBO series "Luck" kept the media company from recording a higher profit in the first quarter. German court rules against Microsoft in Motorola patent fight MANNHEIM, Germany (Reuters) - A court in Mannheim ruled on Wednesday that Microsoft infringed Motorola Mobility's patents and ordered Microsoft to remove its popular Xbox 360 gaming consoles and Windows 7 operating system software from the German market. Comcast profit beats on Internet adds, NBC rebound (Reuters) - Comcast Corp posted a better-than-expected quarterly profit on Wednesday on continuing growth in its high-speed Internet subscribers, a strong performance at its movie studio and the start of a turnaround at its NBC broadcast business. CVS Caremark sales jump, raises outlook (Reuters) - CVS Caremark Corp posted a sharp rise in first-quarter sales as the drugstore operator and pharmacy benefits manager continued to win over former patrons of Walgreen Co stores, and the company raised its profit forecast. Analysis: German inflation angst returns in new threat to Europe BERLIN (Reuters) - While its European partners agonize about recession, austerity and rising unemployment, Germany is shifting its attention to a very different, and yet familiar, source of angst - inflation. S&P raises Greek rating, lifting it out of default ATHENS (Reuters) - Standard & Poor's raised Greece's credit rating out of default territory on Wednesday, as expected after Athens slashed its debt by about a third by completing the biggest sovereign debt restructuring in financial history. German car maker Daimler hit by warning strike BERLIN (Reuters) - Hundreds of workers at German carmaker Daimler went on strike on Wednesday, engineering trade union IG Metall said, after wage talks affecting 70,000 employees in the state of North Rhine-Westphalia stalled last week. Related Video Scoops & scandals: how the net is changing the news in China May Day puts austerity in focus Economic News Construction spending rises, public outlays weak Private sector adds 119,000 jobs in April: ADP 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