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THE WORLD'S FINANCIAL NEWS ON APRIL 7, 2015.

Tuesday, April 07, 2015


U.S. stock futures were higher in early trading, after Monday's reversal of early post-jobs report losses. The Dow registered a double-triple, down and up more than 100 points in the same session. (CNBC)
Gold was down early Tuesday, following yesterday's rally. But prices of the precious metal are returning about double the gains of the S&P 500's mild 1 percent year-to-date advance. (CNBC)
Oil was lower this morning, after Monday's 6 percent surge. In a research note, Goldman Sachs said, "Prices need to stay low for longer to achieve a ... sustainable slowdown in U.S. production growth." (CNBC)
The strong dollar is hurting American businesses and could ultimately lead to a slowdown in U.S. economic growth, BlackRock (BLK) CEO Larry Fink warned in a shareholder letter set for release next week. (Reuters)
Looking to expand globally, FedEx (FDX) plans to buy Dutch rival TNT Express in an all-cash $4.8 billion deal. Two years ago, UPS (UPS) tried to buy TNT, but was denied by competition regulators. (CNBC)
In a memo ahead of the Apple Watch launch later this month, CEO Tim Cook said employees would get 50 percent discounts on the aluminum sport and stainless steel models, and $550 off of the pricey gold one. (9to5Mac)
Samsung Electronics today reported earnings guidance that beat expectations, in what analysts say could be the "first glimpse of a turnaround" for the struggling tech giant. (CNBC)
Viacom (VIA) is taking a pre-tax charge of about $785 million as the media giant cuts jobs, abandons some acquired titles, and reorganizes three of its domestic network groups into two new organizations. (Reuters)
Netflix (NFLX) said the movie "Special Correspondents," an original comedy film written and directed by Ricky Gervais and starring Eric Bana, will make its worldwide debut on the streaming service next year. (NY Times)
Starbucks (SBUX) is doubling its free college tuition plan for employees to cover a full four years of college instead of two. The coffee giant is also offering employees faster tuition reimbursement. (USA Today)
For the last 35 years, Herbalife (HLF) has sold its nutrition and weight-loss products through a network of independent salespeople, not online. But that's changing. (LA Times)
Sen. Rand Paul of Kentucky is formally set to enter the GOP presidential race today during a rally in Louisville. Paul will join Sen. Ted Cruz of Texas in the battle for the support of hard-line conservatives. (USA Today)

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