| |

TV

Tuesday, April 21, 2015

THE WORLD'S TODAY FINANCIAL NEWS ON APRIL 21, 2015



U.S. stock futures were higher in early trading, as investors digest earningsfrom four Dow stocks this morning: DuPont (DD), United Technologies (UTX),Verizon (VZ), and Travelers (TRV). (CNBC)

DuPont this morning delivered quarterly earnings that topped expectations,but revenue came in light, hurt by a stronger dollar. DuPont also boosted its quarterly dividend more than 4 percent to 49 cents a share. (CNBC)

IBM (IBM) late Monday reported first-quarter adjusted earnings that topped expectations, but revenue fell just short of estimates. Sales declined for the 12th straight quarter. (CNBC)

Investors should rotate out of U.S. stocks into better-performing emerging markets, said international money manager Mark Mobius, expressing worries about earnings at American companies. (CNBC)

Greenlight Capital boss David Einhorn is concerned about the stock market relative to earnings. In a letter to investors, the hedge fund billionaire wrote that he's reduced net exposure by "adding more shorts." (CNBC)

Meanwhile, Greenlight has taken a new stake in General Motors (GM), nearly a year after selling its previous position. Einhorn feels GM is moving past its ignition switch recalls and ready to begin its $5 billion buyback. (Reuters)

Hormel (HRL) said its turkey supply chain has been significantly disrupteddue to avian flu outbreaks in Minnesota and Wisconsin, expecting results for fiscal 2015 toward the lower end of its previously projected range. (AP)

Iowa has found a lethal strain of bird flu in a flock of millions of hens at an egg-laying facility, the worst case so far in a national outbreak that has prompted Wisconsin to declare a state of emergency. (Reuters)

Texas-based Blue Bell Creameries has issued a voluntary recall for all of its products on the market after two samples of chocolate chip cookie dough ice cream tested positive for listeriosis. (AP)

The European Central Bank is making contingency plans for both an "orderly" and "disorderly" default by Greece, sources told CNBC, as the country's borrowing costs soar and Athens edges closer to bankruptcy.

Charles and David Koch, the influential brothers who spend big on conservative causes and candidates, appear to favor Wisconsin Gov. Scott Walker as the 2016 GOP presidential nominee. (NY Times)