Business Today: Apple drops on demand worries, leaving futures lower

		Click to View in Browser 01/14/2013 Apple drops on demand worries, leaving futures lower NEW YORK (Reuters) - Stock index futures fell on Monday as shares of Apple were hit by demand concerns, while the corporate earnings season was set to pick up this week. Insight: How SandRidge Energy's CEO adapted the Chesapeake playbook (Reuters) - For 17 years, Tom Ward and Aubrey McClendon teamed up to build Chesapeake Energy Corp into the second-largest natural gas producer in the United States. UPS to drop TNT Express bid after European Commission veto AMSTERDAM (Reuters) - United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares within minutes. U.S. economy to grow 2.5 percent this year: Fed's Evans HONG KONG (Reuters) - The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday. Apple cuts orders for iPhone 5 parts on weak demand: Nikkei (Reuters) - Apple Inc has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday, in a further sign the U.S. firm is losing ground to Asian smartphone rivals. Japan to probe JAL Dreamliner fuel leaks TOKYO (Reuters) - Japan's transport ministry has launched an investigation into what caused two fuel leaks on a Boeing Co 787 Dreamliner jet owned by Japan Airlines Co , just days after U.S. authorities began a wide-ranging review of the aircraft in the wake of a series of incidents, including a battery fire. Morgan Stanley to trim Dubai staff amid global cuts: sources DUBAI (Reuters) - Morgan Stanley Inc , the sixth-largest U.S. bank by assets, is trimming staff at its Dubai office, mainly by cutting jobs in its equities division, as part of a global plan to reduce costs, three sources aware of the matter said. SKF to cut 2,500 jobs as European markets weaken STOCKHOLM (Reuters) - SKF , the world's biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. MetLife, GE close deal for $6.4 billion in bank deposits (Reuters) - MetLife Inc said on Monday it had closed the sale of its deposit business to General Electric Co , a move that allows the U.S. insurer to drop its registration as a bank holding company and provides GE Capital with an alternative source of funding for its lending business. UK court approves ex-Credit Suisse trader's extradition to U.S. LONDON (Reuters) - A British court on Monday approved the extradition of a former Credit Suisse trader to the United States, where he is wanted over a $540-million fraud dating back to the subprime mortgage crisis. Related Video U.S. Morning Call: Apple slices orders for iPhone parts Market Pulse: The end of the affair - EU breaks up TNT - UPS Economic News U.S. economy to grow 2.5 percent this year: Fed's Evans Getting comfortable with living on the edge 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