U.S. Stock Futures Decline on Fiscal Cliff Concern

U.S. stock futures dropped as concern mounted that the so-called fiscal cliff will harm the economy and as euro area finance ministers and the International Monetary Fund failed to agree on how Greece will repay its debt.

UniCredit’s Ghizzoni Survives Calls for Management Shift
52:34 - UniCredit SpA said its board unanimously backs Chief Executive Officer Federico Ghizzoni, rebuffing shareholders who have called for a change in management. The comments came in a regulatory statement Tuesday after Italy’s biggest bank said fourth-quarter profit fell on one-time charges related to the lender’s reorganization and its share of costs for winding down four Italian banks.
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