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U.S. stock futures point to further losses for Wall Street and global stocks slump on Wednesday; Facebook, Boeing and AMD report earnings; Takeda sweetens offer for Shire.
Global stocks are on the defensive Wednesday, pulling U.S. futures and European shares lower, as investor re-set expectations for corporate profits in the face of rising investment and input costs.
Comcast says it has financing in place to pay $30.7 billion for Britain's Sky plc as the takeover battle for Europe's biggest pay television group intensifies.
Credit Suisse had its best quarter in three years, cementing the case for CEO Tidjane Thiam's turnaround plans and possibly muting calls from activist shareholders to break up the Swiss investment bank.
Facebook shares have fallen more than 4% over the past two days, amid a broader tech sector decline, as investors prep for what could be the social media group's most important earnings update since it went public nearly six years ago.