Business Today: Wall St Week Ahead: Will earnings spark further stock declines?

Click to View in Browser 04/6/2012 Wall St Week Ahead: Will earnings spark further stock declines? NEW YORK (Reuters) - Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters. Employment gains slow, jobless rate drops WASHINGTON (Reuters) - Payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent. Futures fall after weak March jobs report (Reuters) - Stock futures fell sharply after weaker-than-expected March payroll figures, with S&P 500 futures down 0.8 percent in an abbreviated trading session on Friday. Federal judge approves $25 billion mortgage pact WASHINGTON (Reuters) - A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents. Analysis: Forex fine print haunts BNY Mellon, State Street BOSTON (Reuters) - State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in marketing materials, sometimes buried deep in the fine print. Boeing pulls ahead of Airbus in first quarter PARIS (Reuters) - Boeing overtook Airbus in deliveries in the first quarter, setting itself on course to recapture the coveted number one spot in annual aircraft production for the first time since 2002, company data showed this week. Airbus wins 90 net orders in Jan-March PARIS (Reuters) - European planemaker Airbus won 90 net plane orders in the first three months of the year, dominated by single-aisle aircraft such as the A320, it said on Friday. U.S. online jobs index flat at 143 in March (Reuters) - A monthly gauge of online labor demand in the United States held steady in March, with transportation and retail registering strong growth, the operator of a job search website said on Friday. March sales brighten retailers' profit prospects (Reuters) - Summery weather and an earlier Easter prompted shoppers to buy bright-colored clothing, with many boosting retailers' profits by paying closer to full price than in recent years. Facebook picks Nasdaq for marquee listing: source SAN FRANCISCO (Reuters) - Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday. Related Video Asia Week Ahead: China hard landing overhyped S&P 500 ends worst week of 2012 Economic News Federal judge approves $25 billion mortgage pact Fed balance sheet shrinks in latest week 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