Business Today: Futures point to slight losses at the open

		Click to View in Browser 07/18/2012 Futures point to slight losses at the open NEW YORK (Reuters) - Stock index futures pointed to slight losses at the open on Wednesday as Intel joined the ranks of tech companies to cut their outlooks in a sign of how tepid economic conditions worldwide are hurting revenue. Bank of America reports second-quarter profit (Reuters) - Bank of America Corp reported a second-quarter profit on Wednesday as the second-largest U.S. bank cut costs and reduced reserves for loan losses. BlackRock second-quarter profit falls 11 percent (Reuters) - BlackRock Inc, the world's largest money manager, said on Wednesday its second-quarter profit fell 11 percent as tumultuous market conditions cut into fee income. Honeywell profit up 11.7 percent, tops Wall Street view (Reuters) - Honeywell International Inc posted an 11.7 percent rise in quarterly profit, topping Wall Street forecasts, as strong U.S. demand for building-control systems and specialty chemicals offset weakness in Europe. BNY Mellon profit falls 37 percent on litigation charge (Reuters) - Bank of New York Mellon Corp said on Wednesday that second-quarter net income had fallen 37 percent on lower foreign exchange revenue and after it paid $212 million to settle an investor lawsuit. Greek leaders push back decision on austerity cuts ATHENS (Reuters) - Greek coalition leaders agreed to meet next week to hammer out almost 12 billion euros worth of austerity cuts demanded by the near-bankrupt country's lenders after a deal proved elusive at an initial round of talks on Wednesday. Credit Suisse counters critics with $15.6 billion capital plan ZURICH (Reuters) - Credit Suisse unveiled measures to boost its capital base by 15.3 billion Swiss francs ($15.6 billion), a move that was welcomed by a previously critical central bank and left some investors skeptical. GM's Opel names new finance chief, R&D head FRANKFURT (Reuters) - General Motors' European unit Opel has named Michael Lohscheller, who helped turn around Volkswagen's loss-making U.S. operations, as its new chief financial officer as part of a broader management reshuffle. EU pushes trade deal with Japan in hunt for growth BRUSSELS (Reuters) - The European Union's trade chief called on Europe on Wednesday to start talks on an ambitious trade deal with Japan despite opposition from carmakers, saying that overlooking one of the world's biggest economies would be a "serious mistake". Visa, MC still face hurdles in China after WTO ruling HONG KONG (Reuters) - U.S. bank card suppliers looking to take on China UnionPay in its home market after the WTO ruled Beijing illegally favors the state-owned network will be battling a deeply entrenched incumbent with 2.5 billion cards in circulation worldwide. Related Video Crocodiles rejoice! Slowdown curbs China's hunger for bling Reuters Today: Back to basics - bond sales, data, earnings Economic News Bernanke offers gloomy view but few new hints on easing Gasoline prices dampen inflation, Fed action eyed 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