U.S. stock futures signal rise; Apple, Verizon eyed

* U.S. stock index futures pointed to a higher open on Wall
Street on Tuesday, with futures for the S&P 500 (SPc1: ) up 0.14
percent, Dow Jones (DJc1: ) futures up 0.08 percent and Nasdaq 100
(NDc1: ) futures up 0.24 percent by 0801 GMT.

* The Wall Street Journal reported on Monday that Apple Inc (Read more about Apple stock future.)
(AAPL.O: ) appears to be working on a new iPhone model for No. 1
U.S. mobile carrier Verizon Wireless.

Verizon Communications Inc (VZ.N: ) shares surged on the news,
rising 3.4 percent in after-hours trading, and Apple shares
gained 1 percent, while the shares of AT&T Inc (T.N: ), the
current exclusive carrier of the iPhone in the United States,
fell 2.2 percent. [ID:nLDE62T01W]

Shares of Apple traded in Frankfurt (AAPL.F: ) were 1.7
percent higher, while shares of Verizon (VZ.F: ) advanced 2.8
percent.

* Billionaire investor Carl Icahn said on Monday his
$6-a-share offer for Lions Gate Entertainment (LGF.N: ) is fair
and that the only reason that the company’s stock is trading
above $6 is because of him.

* U.S. property-casualty insurer Chubb Corp (CB.N: ) said on
Monday it expected about $290 million in before-tax charges from
catastrophe losses in the first quarter.

* Private equity firms Kohlberg Kravis Roberts & Co (KKR.AS: )
and CVC have teamed up to bid for Interactive Data Corp (IDC.N: ),
yet another private equity team formed in recent weeks as an
auction for the financial market data provider progresses, two
sources familiar with the matter said.

* Blockbuster Inc (BBI.N: ) said on Monday it was not in
compliance with a New York Stock Exchange rule requiring listed
companies to have a global market capitalisation of $75 million
over a 30-day trading period. It has 45 days to submit a plan
showing how it aims to return to compliance within 18 months.

* Boston Scientific Corp (BSX.N: ), which pulled its
implantable heart defibrillators from the U.S. market two weeks
ago, indicated on Monday it could be another two weeks before it
could begin selling them again.

* GenVec Inc (GNVC.O: ) has discontinued a pivotal trial of
its experimental gene therapy drug in patients with pancreatic
cancer because interim results showed it was unlikely to prove
effective.

* McDonald’s Corp (MCD.N: ) expects to have more than 2,000
stores in mainland China by the end of 2013 and predicted a good
first quarter for same-store sales in Asia-Pacific, Middle East
and Africa, the region’s president Tim Fenton told Reuters on
Tuesday.

* U.S. drug maker Eli Lilly (LLY.N: ) plans to launch 15 new
products in China in the next five years, chief executive John
Lechleiter said on Tuesday, while urging China to be more
vigilant on intellectual property rights.

* Oil was steady above $82 on Tuesday after hitting the
highest level in almost two weeks a day earlier on optimism
about the global economic recovery.

* Tuesday’s economic diary includes the January
S&P/Case-Shiller index, due at 1330 GMT, and March Consumer
confidence data, due at 1400 GMT.

* Japan’s Nikkei average climbed 1 percent to an 18-month
closing high on Tuesday, led by commodity-related shares, while
European stocks gained 0.3 percent in morning trade, propelled
by miners and Swiss bank UBS (UBSN.VX: ) (UBS.N: ).

* U.S. stocks (Read more about the stock market today. ) rose on Monday as miners and energy companies
advanced on dollar weakness and investors bought recent high
fliers as the quarter’s end approached.

* The Dow Jones industrial average (.DJI: ) rose 45.50 points,
or 0.42 percent, to 10,895.86, it’s highest close since
September 2008. The Standard & Poor’s 500 Index (.SPX: ) climbed
6.63 points, or 0.57 percent, to 1,173.22. The Nasdaq Composite
Index (.IXIC: ) jumped 9.23 points, or 0.39 percent, to 2,404.36.

Stock Market Basics

(Reporting by Blaise Robinson, editing by Will Waterman)

U.S. stock futures signal rise; Apple, Verizon eyed