Business Today: Wall Street to edge higher at open after selloff

		Click to View in Browser 04/8/2014 Wall Street to edge higher at open after selloff NEW YORK (Reuters) - Stocks were set to open slightly higher on Tuesday, putting the S&P on track to halt a three-session selloff, as investors look to the start of corporate earnings season. Japan drugmaker Takeda to fight $6 billion damages imposed by U.S. jury SAN FRANCISCO/TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd said it would contest $6 billion in punitive damages imposed by a U.S. federal jury in a case alleging that Japan's largest drugmaker had concealed cancer risks associated with its Actos diabetes drug. Safety group calls for U.S. probe of Chevy Impala air bags WASHINGTON (Reuters) - General Motors, which has recalled 2.6 million cars for faulty ignition switches that caused air bags to deactivate, may also have a defect in air bags in 2003 to 2010 Chevrolet Impalas, an auto safety watchdog group said on Monday. Nokia wins Chinese approval for Microsoft deal HELSINKI (Reuters) - Nokia has won approval from Chinese competition authorities to sell its mobile phone business to Microsoft Corp without having to change its main technology patent practices, it said on Tuesday. U.S. warns China over currency depreciation WASHINGTON (Reuters) - The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise "serious concerns" if it signaled a policy shift away from allowing market-determined exchange rates. U.S. regulators to vote on final bank leverage rules WASHINGTON (Reuters) - Financial regulators will vote on Tuesday to finalize tough requirements for U.S. banks' leverage that are expected to be stricter than the rules overseas firms must follow. Samsung's lower first-quarter estimate highlights smartphone challenges SEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. American Airlines says cancellations hurt first-quarter results (Reuters) - American Airlines Group on Tuesday said flight cancellations because of bad weather hurt first-quarter results. Citigroup says to close one third of Korea branches as costs, competition rise HONG KONG (Reuters) - Citigroup Inc said it will close almost one third of its branches in Korea, becoming the third global bank to trim its presence in the country in the last year amid rising costs and intense competition. Wal-Mart plans 50 more India wholesale outlets, e-commerce launch MUMBAI (Reuters) - Wal-Mart Stores Inc plans to open 50 more wholesale outlets in India and launch online operations to sell to small traders after calling off a joint venture last year and shelving plans to open its own retail stores in the country. Related Video Breakingviews: Russia would pay heavy price for invasion Ukraine's 'Chocolate King' on presidential ambitions Economic News UK economy extends recovery as factories boost output, wages rise China raises 2014 short term foreign debt quota to $43.39 billion 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