Business Today: Stock futures point to gains on Cisco results

		Click to View in Browser 11/14/2012 Stock futures point to gains on Cisco results NEW YORK (Reuters) - Stock index futures pointed to a higher open on Wednesday after a series of weak sessions as strong earnings from technology bellwether Cisco and two retail chains boosted sentiment. Retail sales sag as superstorm Sandy slows auto purchases WASHINGTON (Reuters) - Retail sales fell in October for the first time in three months as superstorm Sandy slammed the brakes on automobile purchases, suggesting a loss of momentum in spending early in the fourth quarter. Man United first quarter earnings fall as TV income drops LONDON (Reuters) - A reduction in broadcast revenue for Manchester United pushed underlying core earnings 15 percent lower at the English Premier League soccer club in the quarter to end-September. Abercrombie & Fitch posts higher profit, shares jump (Reuters) - Abercrombie & Fitch Co teen clothing retailer posted a higher quarterly profit on Wednesday after improved demand in foreign markets, prompting the company to forecast yearly earnings above Wall Street's estimates. Staples profit beats estimates, shares up (Reuters) - Staples Inc , the largest U.S. office supply chain, reported a slightly better than expected quarterly profit, as costs declined and sales in North America held up, although weakness in Europe and Australia hit overall revenue. BHP aims to push up iron ore capacity by a fifth PERTH (Reuters) - BHP Billiton expects to expand its iron ore capacity by nearly a fifth just by working its mines, rail lines and port harder as it looks to control costs in a softer iron ore market, the global miner's iron ore chief said on Wednesday. AT&T sees $1 billion opportunity in company cybersecurity BARCELONA (Reuters) - Companies will double or triple spending on cybersecurity in the coming years as attacks grow more sophisticated and frequent, creating a billion dollar business opportunity for U.S. carrier AT&T Inc, it said on Wednesday. Panasonic prepares for "garage sale", to axe 10,000 jobs KADOMA, Japan (Reuters) - About a fifth of Panasonic Corp's 88 business units are losing money and only half so far meet a target for at least 5 percent operating margin, the Japanese electronics group's finance chief said in an interview on Wednesday. Omnicom more positive on 2013 ad market outlook BARCELONA (Reuters) - Omnicom Group , the biggest ad agency in the United States, said it is feeling "increasingly positive" on the outlook for the advertising market next year, despite a low-growth economy persisting across the globe. Toyota to recall 2.8 million vehicles for steering glitch TOKYO (Reuters) - Toyota Motor Corp said it will recall 2.77 million vehicles worldwide, including some of its popular Prius hybrid cars, for steering and water pump problems in the carmaker's second multimillion-vehicle recall in a little over a month. Related Video U.S. Morning Call: Cisco results eyed, Facebook shares freed Market Pulse: What's Moving Today and Why Economic News Geithner warns against delaying solution to fiscal crisis Retail sales sag as superstorm Sandy slows auto purchases 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