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RTRS: Index futures point to lower Wall St open
 
Futures for the Dow Jones industrial average DJc1, Nasdaq 100 NDc1 and S&P 500 SPc1 share indexes down 1.2 to 1.3 percent, pointing to a lower start on Wall Street.

* Bank of America BAC due to report first-quarter results. Analysts are divided as to whether the bank will be profitable.

* IBM IBM investors will focus on the impact of the global economic slowdown on the tech bellwether's results, which have held up relatively well so far thanks to its software and services business.

* Investors will look for strong gains in Eli Lilly's LLY Cymbalta anti-depressant sales as well as an update on the regulatory progress of its prasugrel blood-clot treatment when the Indianapolis drugmaker reports quarterly results.

* Oilfield service companies have suffered with the steep drop in oil prices over the past nine months as their customers slashed spending, and investors will be looking to Halliburton HAL, the first major company in the sector to report quarterly earnings, for signs that the market is stabilising.

* Hasbro HAS, the world's No. 2 toymaker, is expected to post a first-quarter profit of 15 cents a share, according to Reuters Estimates.

* Obama administration officials have determined they can avoid asking Congress for more bank bailout funds by converting existing loans to the largest U.S. banks into common stock, The New York Times reported on Sunday. [ID:nN19354670]

* GlaxoSmithKline (GSK.L), the world's second-largest drugmaker, agreed to buy privately owned U.S. skincare specialist Stiefel Laboratories Inc for up to $3.6 billion, the two companies said. [ID:nLK138614]

* Banks which received the most U.S. government aid made or refinanced 23 percent less in new loans in February, compared with October 2008 when the U.S. Treasury launched its Troubled Asset Relief Program, the Wall Street Journal said, citing its own analysis of Treasury Department data. [ID:nBNG137421]

* American International Group Inc (AIG.N) delayed filing its annual proxy statement as it weighs a potential reshuffle of its board, the Wall Street Journal said, citing a person familiar with the matter. [ID:nBNG237922]

* Eaton Corp ETN reports first-quarter results. The maker of electrical control systems, hydraulics and truck transmissions has forecast 2009 earnings of at least $4 per share this year, but Wall Street has been estimating profits some 15 percent below that mark.

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