Business Today: Stock futures lower; Ford volatile in premarket

		Click to View in Browser 01/29/2013 Stock futures lower; Ford volatile in premarket NEW YORK (Reuters) - Stock index futures edged lower on Tuesday as investors took profits following an extended rally and waited for earnings and data on consumer confidence and housing. Ford profit beats Street, widens Europe loss estimate DETROIT (Reuters) - Ford Motor Co posted better-than-expected fourth-quarter profit and predicted 2013 operating profit will be about equal to its performance last year, as market share gains in the U.S. auto market offset deepening losses in Europe. Pfizer fourth-quarter results top forecast, gives cautious 2013 view (Reuters) - Pfizer Inc on Tuesday reported better-than-expected fourth-quarter results, helped by rebounding sales in emerging markets, but the drugmaker forecast earnings for 2013 that was mostly below consensus analyst expectations. UK watchdog closes Lehman case against auditor E&Y LONDON (Reuters) - Britain's accounting watchdog said it won't take any action against Ernst & Young (E&Y) over the way it checked the books of Lehman Brothers, the U.S. bank whose failure triggered a near meltdown in global markets in 2008. Japan approves $1.02 trillion budget for 2013/14, borrowing at new highs TOKYO (Reuters) - Japan's government approved on Tuesday a $1.02 trillion draft budget for the next fiscal year that aims to nudge tax revenues above new bond sales for the first time in four years, but still relies on borrowing to cover 46.3 percent of its spending. Anglo American's $4 billion hit clears decks for new CEO LONDON (Reuters) - Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground. Yahoo sees revenue climb this year, but long road ahead (Reuters) - Yahoo Inc forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive Marissa Mayer warned it would be a long journey to revive the Internet company's fortunes. Boston Scientific reports weaker results, sets job cuts (Reuters) - Boston Scientific Corp reported weaker quarterly earnings on Tuesday as sales slipped and expenses rose, and the medical device maker announced more job cuts. Lilly says generic competition hurts fourth-quarter profit, sales (Reuters) - Eli Lilly and Co said on Tuesday that fourth-quarter profit fell as competition from generic drugs, particularly for its once top-selling schizophrenia drug Zyprexa, drove revenue lower. ECB's Draghi met Italy minister over Monte Paschi case SIENA/ROME (Reuters) - European Central Bank head Mario Draghi, head of Italy's central bank until 2011, met Economy Minister Vittorio Grilli to discuss the widening scandal at Monte dei Paschi bank a day before Grilli was due to address parliament on the issue on Tuesday. Related Video Market Pulse: RBS Libor deal near, Philips shares jump U.S. Morning Call: Ford, Pfizer beat earnings expectations Economic News Analysis: Immigration reform could boost U.S. economic growth U.S. probed media companies' handling of economic data: source 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