Business Today: Stock futures creep up, but weakness could remain

Click to View in Browser 04/24/2012 Stock futures creep up, but weakness could remain NEW YORK (Reuters) - Stock index futures crept higher on Tuesday after sharp losses in the previous session but continued concerns about Europe's debt crisis could mean gains are short lived. Facebook reveals revenue, profit slide ahead of IPO SAN FRANCISCO (Reuters) - Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO. AT&T profit rises, helped by wireless margins (Reuters) - AT&T Inc reported a higher quarterly profit, driven by a rise in wireless margins, as it had to shell out less in subsidies to Apple Inc because it sold fewer iPhones in the quarter. 3M profit exceeds expectations; graphics unit sags (Reuters) - 3M Co reported an increase in quarterly profit and slightly lifted its full-year outlook on Tuesday, exceeding analyst expectations even as the closely watched display and graphics business continued to struggle and Asia sales declined. Wal-Mart shaken by bribery probe, shares plunge CHICAGO/MEXICO CITY (Reuters) - Wal-Mart Stores Inc lost $10 billion of its market value on Monday on concerns that a bribery investigation in Mexico could be very costly and hinder its plans to grow. Peugeot Citroen may build cars in India with GM BEIJING (Reuters) - PSA Peugeot Citroen said it may build cars in India with General Motors , its new global alliance partner, effectively scrapping a planned 650 million euro ($850 million) investment in its own factory. Virgin America aims for IPO in 12-24 months BARCELONA (Reuters) - Virgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is mulling a public share offering in the next 12-24 months, a senior executive said on Tuesday. Fitch cuts Nokia to junk, outlook negative HELSINKI (Reuters) - Fitch Ratings downgraded its credit rating on Nokia Oyj to junk status and said the outlook remained negative, as the Finnish handset maker's dwindling market share starts to strain its cash position. Hershey lifts outlook on 1st-quarter beat (Reuters) - Hershey Co posted a higher-than-expected first-quarter profit on Tuesday, helped by price increases, and raised its full-year outlook, sending the candy maker's shares up more than 3 percent. Nissan cruises in China as Japan rivals play catch-up BEIJING (Reuters) - Nissan Motor Co is proving that being late to the party in China doesn't have to be a handicap, and is poised to widen its lead among Japanese automakers in the world's biggest car market with speedy and aggressive expansion plans. Related Video Reuters Today: Dutch in spotlight, James Murdoch testifies Netflix disappoints; stocks falter Economic News Analysis: Dow's new corn: "time bomb" or farmers' dream? Awash in money and piles of debt 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