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Tuesday, April 1, 2014

Business Today: Wall Street to open higher, manufacturing data on tap

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04/1/2014
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Wall Street to open higher, manufacturing data on tap
NEW YORK (Reuters) - U.S. stocks were poised for a modestly higher open on Tuesday, putting S&P 500 on track for a third straight advance, after the benchmark index closed out its fifth straight quarter of gains and ahead of data on manufacturing.
U.S. Senate panel to grill Caterpillar executives at tax hearing
WASHINGTON (Reuters) - Executives for Caterpillar Inc will defend the company's offshore tax strategies at a U.S. Senate hearing on Tuesday held by a panel known for shedding light on corporate tax avoidance.
GM enters harsh spotlight as Congress hearings begin
WASHINGTON (Reuters) - The U.S. Congress will try to establish who is to blame for at least 13 auto-related deaths over the past decade, as public hearings are launched on Tuesday on General Motors Co's slow response to defective ignition switches in cars.
Chrysler shows 13 percent increase in March U.S. auto sales
DETROIT (Reuters) - Chrysler Group, a unit of Fiat Chrysler Automobiles , beat expectations by showing a 13 percent rise in March auto sales in its home United States market, the company said on Tuesday.
Major economies end first-quarter on weaker note
LONDON/BEIJING (Reuters) - Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.
Apple again seeks decisive U.S. court ruling against Samsung
SAN JOSE, California (Reuters) - Apple and Samsung return to federal court on Tuesday for opening statements in their latest patent battle, with the iPhone maker expected to present more detailed evidence in its attempt to win a U.S. ban on sales of several Samsung smartphones.
Hong Kong, New Zealand investigate banks for alleged FX manipulation
(Reuters) - Regulators in Hong Kong and New Zealand said on Tuesday that they are investigating banks' conduct in the foreign exchange market as part of an investigation tied to the global probe into FX markets.
Asia's manufacturing powers stutter, stir talk of policy support
BEIJING/TOKYO (Reuters) - Asia's major economies finished the first quarter on a weak note with manufacturing surveys in China and Japan fueling expectations that policymakers will be forced to act in coming months to prop up faltering growth.
GE recalls hundreds of baby 'warmers' in China over safety fears
SHANGHAI (Reuters) - A healthcare unit of General Electric Co has recalled hundreds of incubator-like infant "warmers" in China over safety concerns as Beijing tightens oversight of the country's fast-growing medical device sector.
Santander says U.S. unit capital levels sufficient
MADRID (Reuters) - Spanish bank Santander's U.S. unit does not need additional capital after stress tests done by the Federal Reserve, Chief Executive Javier Marin said on Tuesday.
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Major economies end first-quarter on weaker note
Asia's manufacturing powers stutter, stir talk of policy support
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