Reuters Before the Bell: Home Depot, Caterpillar weigh on stock futures; Fed testimony awaited

Click to View in Browser Tuesday, February 26, 2019 Home Depot, Caterpillar weigh on stock futures; Fed testimony awaited U.S. stock futures edged lower on Tuesday, hit by losses in Home Depot and Caterpillar shares, while investors awaited Federal Reserve Chair Jerome Powell's testimony on monetary policy. JPMorgan maintains key profit goal for next three years JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day. Hyundai set for Elliott showdown as it rejects $6.3 billion payout call Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea's second-biggest conglomerate. M&S in tie-up talks with Ocado to take its food online British retailer Marks & Spencer (M&S) is in talks with Ocado to form a joint venture that would give M&S a full online food delivery service for the first time, sending shares in both groups jumping on Tuesday. Manager at Brazil's Vale told executives of risks at dam: report A manager at Brazilian iron ore miner Vale SA told authorities the firm's executive board knew there had been a "decrease in security" at a dam that burst in January, killing hundreds, according to a newspaper report on Tuesday. Goldman expects legal losses to be up to $1.9 billion more than reserve Goldman Sachs Group Inc said it expects losses related to ongoing lawsuits to be about up to $1.9 billion more than the money it set aside for legal matters. Thomson Reuters reports higher revenues, sees growth this year Thomson Reuters on Tuesday reported a 9 percent rise in quarterly revenue, stripping out the impact of currency, helped by higher sales at its Legal and Tax & Accounting businesses. Platinum Partners' Nordlicht, others face $1 billion fraud trial in NY Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion. Chinese firm behind the 'Amazon Coat' hits jackpot in U.S., eschews China When Kevin Chiu left his job in 2012 to try his luck at starting an online apparel business in a rural Chinese city, his main goal was to carve out more time to spend with his wife and newborn child. Oil edges up to $65 as OPEC seen rebuffing Trump pressure Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U.S. President Donald Trump. Related Video Cheaper, longer, tougher: how to rival Huawei? SEC goes after Elon Musk over another tweet Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook