IBT Staff Reporter

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US Stock Index Futures Rise; Alcoa Results Eyed

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday that would halt a four-session losing streak, with futures for the S&P 500 up 0.32 percent, Dow Jones futures up 0.34 percent and Nasdaq 100 futures up 0.44 percent at 0845 GMT.

Android beats Apple in China mobile platform race: report

Google Inc's Android mobile operating system was the top smartphone platform in China last year, growing its market share by about 35 percent in the world's largest market for mobile phones, a Chinese technology research firm said.

Bank of Japan holds off on easing as expected

The Bank of Japan kept monetary policy steady on Tuesday, holding fire until a more thorough assessment of the economy at another rate review in two weeks that may show further action is needed to nudge inflation up towards its 1 percent target.

Bernanke says financial stability a work in progress

The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday.

China Dismayed by Australian Ban on Huawei

China expressed consternation over the decision of the Australian government to ban telecommunications giant Huawei from competing in its new national broadband network over concerns for cybersecurity.

Companies use popular provision to avoid income taxes

More than two dozen Fortune 500 companies paid no U.S. federal income taxes in recent years partly because of a corporate tax break that is broadly supported by Republicans and Democrats alike, a consumer group said on Monday.

Ford recalls more than 140,000 Focus cars in U.S.

Ford Motor Co is recalling 140,310 Focus cars from model year 2012 in the United States to repair a potential problem with the passenger-side windshield wiper motor, according to U.S. safety regulators.

Wall Street sinks in wake of jobs report

The Dow and the S&P 500 extended losses to a fourth day on Monday, as investors took their cues from last week's disappointing jobs report, which raised new concerns about the U.S. economy's recovery.

Icahn sues Amylin, pushes for sale

Carl Icahn sued Amylin Pharmaceuticals Inc to block enforcement of a bylaw that prevents the billionaire investor from launching a proxy fight that could lead to a sale of the maker of diabetes drugs.

Avon names J&J's Sherilyn McCoy as CEO; shares fall

Avon Products Inc named Johnson & Johnson senior executive Sherilyn McCoy to be its new CEO, presenting Coty Inc with another hurdle in its $10 billion bid for the world's largest direct seller of cosmetics.

Sony to ax 10,000 jobs in turnaround bid: Nikkei

Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.

Sony to axe 10,000 jobs in turnaround bid: Nikkei

Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.

Wall St slides after weak jobs data

Major stock indexes fell more than 1 percent in early trading on Monday, weighed by growth-related sectors, after last week's much weaker-than-expected report on March U.S. job creation.

AT&T to sell Yellow Pages stake to Cerberus

AT&T Inc said on Monday it would sell a 53 percent stake in its Yellow Pages business to private equity firm Cerberus Capital Management LP [CBS.UL}, which will pay AT&T $750 million in cash and take on $200 million in debt.

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