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Wall Street set for higher open on earnings

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Stocks were poised for a higher open on Wednesday as solid earnings from technology giant Apple as well as financials Morgan Stanley and Wells Fargo tempered growth worries.
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Hedge funds still attracting billions in new cash

Hedge funds pulled in $9.5 billion during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc on Tuesday.
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Gold holds above $1,180 but further losses eyed

Gold held above $1,180 an ounce in Europe on Tuesday as lower prices tempted some buyers back to the market after prices slipped to two-month lows in the previous session, but the technical picture remained weak. Gold has been pressured by concerns over deflationary signals from the United States and other economies, analysts said, while a recovery in appetite for assets seen as higher risk has also deflected some investment from the precious metal.
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Investors rush to regain emerging market exposure-EPFR

Emerging markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday. Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds took in $745 million, bringing their year-to-date inflows to an all-time high of $18.5 billion.
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Asia shares rise broadly

Asian stocks broadly rose on Tuesday as a firm performance on Wall Street and optimism over corporate earnings offset increasing worries about the U.S. economy.
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Asia shares in broad rise, yen strength in focus

Asian stocks rose on Tuesday, looking past weak revenue growth at top U.S. firms and more weak U.S. economic data, as shares of resource firms and banks clawed back some of their recent losses. The Japanese yen hovered near its recent 7-week high against the dollar, amid growing talk of intervention as traders wondered if Tokyo could stomach further yen gains.
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Asset manager earnings up on year, flows mixed

U.S. asset managers are expected to post strong quarterly results compared with last year's dismal showings, but still face challenges from erratic stock markets that have encouraged many retail investors to focus on less risky products.
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Onex, CPPIB eye $4.5 billion bid for Britain's Tomkins

Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets.
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CFM engine maker upbeat on commercial recovery

Emerging markets and low-cost carriers are driving a rebound in commercial aviation -- where opportunities now outweigh the risks as economies recover, the head of the world's top engine firm said.
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AIG agrees to pay $725 million to settle lawsuit

American International Group Inc agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, Ohio Attorney General Richard Cordray said on Friday.
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Bank of America, Citi results show hurdles ahead

Bank of America and Citigroup shares fell as the banks' results highlighted the sluggishness of the U.S. economic recovery and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
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Bank of America and Citi results show hurdles ahead

Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
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RealD, Qlik rally IPO market

Shares in RealD Inc , whose 3D technology was used to help make the movie Avatar, opened more than 22 percent above their initial public offering price on Friday and shares of business software maker Qlik Technologies Inc opened 20 percent higher.
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Wall Street slides as consumer data disappoints

U.S. stock indexes fell as much as 2.4 percent on Friday after consumer sentiment fell to an 11-month low and consumer prices fell, while GE and two big U.S. banking companies missed quarterly revenue expectations.
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Stock futures point to lower open on earnings, data

Stock index futures pointed to a lower open on Friday after Citigroup and Bank of America as well as bellwether GE posted disappointing revenues, underscoring corporate America's struggles against economic headwinds.
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Stock futures flat as GE, BofA revs disappoint

Stock index futures were little changed on Friday after General Electric Co's and Bank of America's profits topped expectations but revenues declined, underscoring corporate America's struggles against headwinds in the economic recovery.

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