Business Today: Futures higher as profits offset disappointing China data

		Click to View in Browser 04/23/2013 Futures higher as profits offset disappointing China data NEW YORK (Reuters) - Stock index futures edged higher on Tuesday as strong earnings improved sentiment, but weak data from China underlined concerns about global growth. Lockheed profit beats view; budget cuts hit sales outlook WASHINGTON (Reuters) - Lockheed Martin Corp, the Pentagon's biggest weapons supplier, reported a better-than-expected 14.8 percent rise in per-share earnings on Tuesday but warned that full-year revenue was likely to come in at the low end of earlier guidance due to U.S. budget cuts. Business borrowing for equipment jumps 45 percent in March: ELFA (Reuters) - Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. Xerox first-quarter profit beats view, warns on second-quarter (Reuters) - Xerox Corp on Tuesday reported first-quarter earnings that beat expectations but said second-quarter profit would miss estimates as it restructures to become a broader technology company. HSBC to shed 1,149 UK jobs in new round of cutbacks LONDON (Reuters) - HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank. DuPont profit doubles as drought boosts farm sales (Reuters) - Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged U.S. farmers to buy its drought-hardy seeds and crop-protection products to boost yields. Ex-MF Global CEO Corzine sued by trustee (Reuters) - Jon Corzine, the former chief executive of MF Global Holdings Ltd , was sued by the trustee for the futures and commodities brokerage, who accused him of contributing to the company's October 2011 bankruptcy. Imtech cuts jobs, takes more charges on German business AMSTERDAM (Reuters) - Imtech said it would cut 1,300 jobs, or about 4.5 percent of its global headcount, and make more writedowns on its German operations, in a sign of escalating trouble at the Dutch engineering company. Exclusive: SEC looks to ease rules for launching ETFs WASHINGTON (Reuters) - The Securities and Exchange Commission may revive a proposal that would make it easier and cheaper to launch certain kinds of exchange-traded funds, according to interviews with SEC staff. Rosneft sees 2013 capex at $20 billion post TNK-BP deal MOSCOW (Reuters) - Rosneft expects capital expenditure of $20 billion this year following the acquisition of TNK-BP , Rosneft's Chief Executive Officer Igor Sechin said on Tuesday. Related Video Wealth Strategies: Japan's "lost decade" is behind us U.S. Morning Call: Apple: The good, bad and the ugly Economic News Existing home sales edge down, prices rise Fed's Dudley urges Europe banking union, warns on economy 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