Updated from 6:50 a.m. EDT
Here are 10 things you should know for Tuesday, April 29:
1. -- U.S. stock futures were rising Tuesday and European stocks gained on positive earnings reports as the Federal Reserve begins a two-day policy meeting on Tuesday.
Asian shares ended Tuesday's trading session mixed.
2. -- The economic calendar in the U.S. on Tuesday includes the Case-Shiller 20-city Index for February at 9 a.m. EDT and Consumer Confidence for April at 10 a.m.
3. -- U.S. stocks on Monday finished mixed. The Dow Jones Industrial Average settled up 0.53% at 16,448.74, while the S&P 500 added 0.32% to close at 1,869.42. The Nasdaq dipped 0.03% to finish at 4,074.40.
Herbalife has been in a battle with hedge fund manager Bill Ackman, who has claimed the company is a pyramid scheme. Herbalife has denied those accusations.
Shares of Herbalife rose 0.3% in premarket trading to $59. 7. -- Deutsche Bank (DB) said Tuesday that net profit fell 34% in the first quarter as slower trading of bonds and foreign exchange weighed on revenue. Germany's biggest bank made 1.10 billion euros ($1.52 billion) compared with 1.66 billion euros a year earlier. The figure was nevertheless better than the 981 million euros expected by analysts.
Net revenue fell 11% to 8.39 billion euros.
The stock rose 2.8% in premarket trading to $44.79. 8. -- Sprint (S) reported a first-quarter operating loss of $151 million, or 4 cents a share, narrower than a year-earlier loss of $643 million, or 21 cents a share.
The company said it lost 364,000 prepaid customers in the quarter.
Sprint shares rose 2.6% to $7.62 in premarket trading.
9. -- Energy Future Holdings, once knows as TXU, filed for Chapter 11 bankruptcy Tuesday, after months of negotiations with creditors aimed at speeding the restructuring of the private-equity backed utility's debt load of more than $40 billion, The Wall Street Journal reported. 10. -- Nokia (NOK) reported Tuesday another drop in sales in the troubled devices unit it sold to Microsoft (MSFT), but it named a new CEO, promised a special dividend, and prepared to focus on its remaining businesses. Nokia named Rajeev Suri, the former head of Nokia Solutions and Networks, as CEO, effective May 1.
The stock rose 8.3% in premarket trading to $7.61.
-- Written by Joseph Woelfel
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