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Tuesday, July 23, 2013

Business Today: Stock futures edge up on earnings from Dow components

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07/23/2013
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Stock futures edge up on earnings from Dow components
NEW YORK (Reuters) - Stock index futures rose on Tuesday, helped by solid earnings from blue-chips Dupont and Travelers and by China's efforts to avoid a hard landing for its slowing economy.
Lockheed earnings beat Street, full-year forecast raised
WASHINGTON (Reuters) - Lockheed Martin Corp , the Pentagon's largest supplier, on Tuesday beat analysts' forecasts with a 10 percent rise in second-quarter earnings and lifted its full-year profit forecast.
Netflix shares slip as subscriber numbers lag investor dreams
(Reuters) - Netflix Inc stock is set to open around 4 percent lower after the online entertainment company reported less-than-expected quarterly subscriber growth, undermining investor hopes for a dream run from its own programs.
Vivendi kicks off wider revamp with Maroc sale deal
PARIS/DUBAI (Reuters) - Vivendi SA's long-flagged deal to sell its controlling stake in Maroc Telecom to Abu Dhabi-based Etisalat is just the first step in the French conglomerate's bet that it can remake itself as a media-focused company.
Toyota opens its inner circle to outsiders for overseas push
NAGOYA, Japan (Reuters) - Mark Hogan, a former General Motors Co executive, says he often chided Toyota Motor Corp for its weakness in fast-growing Brazil and Argentina despite having reached the No. 1 spot in the global industry.
Most big U.S. tech groups slip European tax net
LONDON (Reuters) - Most big U.S. technology companies cut their tax bills by not declaring a tax residence in their main European markets, preventing tax authorities in those countries from even assessing their income, a Reuters analysis of hundreds of corporate filings shows.
Cisco to buy security software maker Sourcefire for $2.7 billion
(Reuters) - Cisco Systems Inc said it will buy software maker Sourcefire Inc for about $2.7 billion to increase its network security offerings.
UPS profit falls as global customers use cheaper shipping
(Reuters) - United Parcel Service Inc on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
RadioShack loss widens, turnaround expert is named interim CFO
(Reuters) - Electronics retailer RadioShack Corp reported a wider-than-expected quarterly loss on Tuesday and named a turnaround expert as its interim financial chief.
Two more AstraZeneca employees questioned in China
LONDON (Reuters) - Chinese police have questioned two more AstraZeneca employees in Shanghai, after a sales representative was taken away for questioning earlier, the British drugmaker said on Tuesday.
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