Business Today: Futures tumble on euro zone data, emerging market worries

		Click to View in Browser 01/31/2014 Futures tumble on euro zone data, emerging market worries NEW YORK (Reuters) - Stock index futures edged lower on Friday, setting Wall Street up for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets. Labor costs rise in fourth quarter WASHINGTON (Reuters) - Labor costs rose in the fourth quarter, with the biggest jump in wages and salaries since 2009, but there was still little sign of wage inflation amid slack in the jobs market. U.S. consumer spending rises in December, income flat WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in December, but weak income growth suggested the economy could cool off a bit in the first quarter. Microsoft board close to naming Nadella as new CEO: source NEW YORK/SEATTLE (Reuters) - Microsoft Corp is likely to appoint its cloud-computing head, Satya Nadella, as its next chief executive, a source familiar with the matter said on Thursday, as the board concludes a five-month search for a tech-savvy heavy-hitter to lead the world's largest software company. Chevron fourth-quarter profit drops 32 percent (Reuters) - Chevron Corp , the second-largest U.S. oil company, said on Friday its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world. MasterCard profit misses Street as expenses rise (Reuters) - MasterCard Inc , the world's No.2 credit and debit card company, reported a 3 percent rise in quarterly profit but missed analysts' average forecast as expenses rose. Honda warns on emerging markets while aiming for record sales TOKYO (Reuters) - Honda Motor Co warned auto demand is cooling in emerging markets and especially Southeast Asia, but Japan's third-biggest carmaker remained upbeat about its prospects and said it aims to sell a record 4.5 million vehicles or more in 2014. Experts predict Lenovo's U.S. buys will pass regulatory muster WASHINGTON (Reuters) - U.S. officials are likely to allow China's Lenovo Group to buy IBM's low-end server business and Google Inc's Motorola Mobility handset business if it agrees to concessions aimed at protecting U.S. national security, experts said. Google's outsized ad growth offsets steep price decline SAN FRANCISCO (Reuters) - Google Inc's quarterly revenue beat Wall Street's target despite an ongoing decline in prices for its online ads and deepening losses at Motorola, the handset-making division to be sold to China's Lenovo. Exclusive: Lone Star hires advisors for IKB sale as stress tests loom FRANKFURT (Reuters) - Private equity investor Lone Star has hired Rothschild and Bank of America Merrill Lynch as advisors for the planned sale of German corporate bank IKB , two people familiar with the transaction said. Related Video Breakingviews: BT & BSkyB equality will be short-lived Reuters Today: Softly-softly into the Yellen era Economic News U.S. consumer spending rises in December, income flat Japan inflation quickens to over five-year high, output rebounds 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