* Futures for the Dow Jones industrial average,
Nasdaqand S&P 500 share indexes are up between
0.3 and 0.5 percent, pointing to a higher start on Wall Street.
Stocks slid more than 3 percent on Monday after weak results
from Bank of Americareignited concerns over the state
of the banking industry and the economy.
* European shares were higher with Tescoleading
retailers up, the day after investors worried that the recent
strong run of corporate earnings was not sustainable.
The FTSEurofirst 300 <.FTEU3> index of top European shares
was up 0.7 percent at 791.68 points, having recovered from a low
of 781.80.
* Analysts expect The New York Timesto post a drop
in quarterly advertising revenue when it reports results later
in the day.
* Yahoo'squarterly report comes amid speculation
that it is preparing to lay off several hundred workers in a
first round of cuts since Chief Executive Carol Bartz took
office in January. Analysts expect Yahoo to earn 8 cents a
share, excluding items, down from 11 cents a year earlier,
according to Reuters Estimates.
* Analysts predict Caterpillar, the world's No.1
maker of building equipment, to be the first blue-chip
industrial to report a quarterly loss in this downturn.
* Wells Fargo, the fourth-larget U.S. bank, is
expected to report roughly a $3 billion profit, in line with its
April 9 forecast.
* Merckreports its first quarterly results since
announcing its $41 billion acquisition of New Jersey rival
Schering-Plough. Analysts expect it to earn 78 cents a
share, excluding items, down from 89 cents a year earlier,
according to Reuters Estimates.
* Bank of New York Mellon, the largest U.S. custodial
bank, is expected to post lower quarterly profit, with attention
focused on asset management fees. Investors will seek signs of
how well the company might weather a decline in client asset
values, and how quickly it might be expected to repay its
capital infusions from the government.
* Industrial United Technologiesreports
first-quarter earnings. Analysts expect a sharp drop in earnings
as recession hammers demand for aircraft components and air
conditioners.
* At 1255 GMT, the Redbook Retail Sales Index of department
and chain store sales for April versus March will be released.
In the prior period, sales rose 1.9 percent.
* International Business Machines Corp
traded down 2 percent in Frankfurt, following first-quarter
results that were released after the bell on Monday.
* Texas Instruments Incrose more than 3
percent in Frankfurt, after results topped estimates overnight.
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