Business Today: Wall Street to rise at open after biggest drop in months

		Click to View in Browser 02/4/2014 Wall Street to rise at open after biggest drop in months NEW YORK (Reuters) - U.S. stocks were poised to rise at the open on Tuesday, underpinned by a slew of sturdy corporate results, as the market regained its footing following its largest selloff in months a day earlier. Penney holiday sales rise; retailer has $2 billion in liquidity (Reuters) - J.C. Penney Co Inc on Tuesday said comparable sales rose 2 percent during the holiday quarter, reporting its first three-month period of growth in two years. New Microsoft CEO faces challenges in mobile, investor relations SEATTLE (Reuters) - As Microsoft Corp prepares to unveil insider Satya Nadella as its new chief executive, investors and analysts are weighing how effective the 22-year veteran will be in re-igniting the company's mobile ambitions and satisfying Wall Street's hunger for cash. Fed's Lacker sees muted U.S. growth, less policy stimulus WINCHESTER, Virginia (Reuters) - A top U.S. central banker gave a relatively downbeat prediction of U.S. economic growth on Tuesday but nonetheless said he expects the Federal Reserve to continue cutting its monetary stimulus at upcoming policy meetings. Cisco, Google sign patent agreement (Reuters) - Google Inc entered into a patent cross-licensing agreement with Cisco Systems Inc, the internet search giant's second such deal in as many months. Exclusive: U.S. opens taps, a bit, on oil exports to Europe NEW YORK (Reuters) - The U.S. government has authorized limited crude oil exports to Europe, for the first time in years, raising new questions about how companies are testing the limits of a controversial, decades-old exports ban. UBS bonus hike slammed for showing lessons not learned ZURICH/LONDON (Reuters) - A jump in bonus payments at Swiss bank UBS AG stoked criticism on Tuesday that a previous cut was short-lived and banks have not learned lessons from the financial crisis. Toyota upbeat on U.S. recovery, forecasts record profit TOKYO (Reuters) - Toyota Motor Corp expects the U.S. auto market to continue a mild recovery in 2014 despite poorer than expected sales last month, an executive said, although concerns linger that it will face intensified competition and eroding profits in its largest market. Insight: Dow Jones CEO's sudden exit followed revenue slide NEW YORK (Reuters) - Lex Fenwick's surprise exit from Dow Jones came after some banks and other financial clients balked at the former chief executive's ambitious new product, DJX, which sent sales tumbling, according to people familiar with the matter. Rosneft beats 2013 net profit forecast after TNK-BP deal MOSCOW (Reuters) - Rosneft , the Russian state oil major, on Wednesday posted a forecast-beating 51 percent rise in earnings last year after its $55 billion acquisition of Anglo-Russian oil venture TNK-BP. Related Video U.S slowdown adds to market misery Playing safe pays dividends at UBS Economic News Fed's Lacker sees muted U.S. growth, less policy stimulus Australia central bank shuts door on rate cuts, A$ surges 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