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Market News

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

Traders gather at the booth that trades Abbott Laboratories on the floor of the New York Stock ExchangeBy Chuck Mikolajczak NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T , are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results.




GM aims to boost Cadillac sales in China by 2015

The grille of the Cadillac Elmiraj concept car as the vehicle is displayed during the press preview day of the North American International Auto Show in DetroitGeneral Motors Corp is aiming to sell 100,000 of its flagship Cadillac sedans by 2015 in China, rising from roughly 50,000 last year, as the U.S. car giant taps rising demand in the world's largest auto market. "Cadillac's growth is on the launch of new products. This year, we will launch another significant product and next year, we will launch another," Matt Tsien, GM's China chief, said during the Auto China show in Beijing. China, the world's largest auto market, is set to expand 8-10 percent this year, slightly slowing from 2013 when it sold 21.98 million vehicles, up 13.9 percent from a year earlier.








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