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.
Dow Jones Industrial Average
settled up 0.53% at 16,448.74, while the
added 0.32% to close at 1,869.42. The
dipped 0.03% to finish at 4,074.40.
Thestock was reiterated as a "buy" with a $65 price target at Cantor Fitzgerald on Monday. The firm said eBay's first-quarter results, due after the bell Tuesday, should be inline with expectations with a pick-up in growth in domestic e-commerce.
The seller of supplements and weight-loss products also said that it would eliminate its quarterly dividend payment and instead focus on repurchasing stock. Herbalife executives said they plan to repurchase $581 million common shares in the second quarter as part of a previously announced $1.5 billion repurchasing program.
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.
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.
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) - Get Nokia Oyj Sponsored ADR Report reported Tuesday another drop in sales in the troubled devices unit it sold to Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report, 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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