Samsung sets sights on RIM’s corporate users

Now that Samsung (005930) has bested Apple in the consumer smartphone market, at least where shipment volume is concerned, the company is setting its sights on Research in Motion’s (RIMM) corporate user base. The company is investing heavily in enterprise devices that incorporate a higher level of security and reliability than consumers require. Various government agencies and corporations aren’t fully sold on RIM’s upcoming BlackBerry 10 operating system and are still unsure if will satisfy their needs. As a result, they have begun to explore alternatives for their employees.
[More from BGR: iPhone 5 now available with unlimited service, no contract on Walmart’s $45 Straight Talk plan]
“The enterprise space has suddenly become wide open,” Kevin Packingham, chief product officer for Samsung Mobile USA, said in an interview with Reuters. “The RIM problems certainly fueled a lot of what the CIOs are going through, which is they want to get away from a lot of the proprietary solutions.”
[More from BGR: CES has sadly become a complete waste of time]
The executive revealed that Samsung’s corporate market ambitions advanced after its flagship Galaxy S III smartphone gained various security certifications. He noted that companies “want something that integrates what they are doing with their IT systems,” and that “Samsung is investing in that area.” Packingham said that enterprise has been a focus of the company for a long time and its products have finally evolved enough to “really take advantage” of the market.
“We knew we had to build more tech devices to successfully enter the enterprise market,” he said. “What really turned that needle was that we had the power of the GS3.”

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Three top U.S. wireless carriers to embrace BlackBerry 10

LAS VEGAS (Reuters) - Three of the top U.S. cellphone carriers signaled this week that they would support Research In Motion's BlackBerry 10 products, the first of which are due to be unveiled Jan 30, offering a hopeful sign for RIM's comeback effort.
Executives at Verizon Communications , AT&T Inc and T-Mobile USA all said they are looking forward to the devices, which will be crucial for RIM's chances of regaining lost ground from rivals such as Apple Inc and Samsung Electronics .
"We're hopeful its going to be a good device," Lowell McAdam, chief executive of Verizon Communications, majority owner of the biggest U.S. mobile service Verizon Wireless.
"We'll carry it," McAdam said in an interview at the Consumer Electronics Show in Las Vegas.
BlackBerry 10 is RIM's next-generation mobile operating platform and it is preparing to launch new smartphones later this month. Word that major carriers will offer the devices is good news for RIM.
RIM, which once commanded the lead in the smartphone market, has rapidly lost ground to Apple's iPhone and Samsung's line of Galaxy products, especially in North American and European markets, as customers abandon its aging BlackBerry devices.
It has been testing the new BlackBerry 10 devices with carriers so they can assess their compatibility with networks.
No. 4 U.S. mobile provider T-Mobile USA, a unit of Deutsche Telekom , also plans to carry the new BlackBerry 10.
"We're extremely optimistic that it's going to be a successful product and our business customers are extremely interested in it," Chief Executive John Legere said.
AT&T has promised to support the BlackBerry 10 platform, according to Chief Marketing Officer David Christopher, but he would not discuss specific devices.
However, AT&T handset executive Jeff Bradley made it clear that the No. 2 U.S. mobile operator would carry the phone.
"It's logical to expect our current (BlackBerry) customers will have the best BlackBerry devices to choose from in the future," Bradley said.

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Asian shares rise as earnings eyed

TOKYO (Reuters) - Asian shares rose on Wednesday as investors resumed buying after taking profits from a sharp rally at the start of the year while warily bracing for corporate earnings season to kick off in full force.
European shares were seen following Asia's lead with a modest rise, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open as much as 0.3 percent higher. U.S. stock futures suggested a firmer Wall Street start with a 0.1 percent gain.
The yen's rebound as part of broader market position adjustments was also short-lived, with the dollar erasing earlier losses to rise 0.5 percent to 87.48 yen on sustained expectations of further monetary easing in Japan.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Hong Kong shares were among the top gainers with a 0.5 percent climb, bouncing from their lowest in a week as Chinese banks were supported by a brokerage upgrade. Shanghai shares rose 0.3 percent.
"We are running into chart resistance now, so investors are looking to rotate into laggards. There is no need to be too bearish right now, at least in the first quarter," said Hong Hao, Bank of Communication International Securities' chief strategist.
Australian shares ended up 0.4 percent to break a three-day losing streak.
Alcoa Inc, the largest aluminium producer in the U.S., with customers in a wide range of industries, launched the U.S. earnings season on Tuesday. It reported a fourth-quarter profit of $242 million, in line with Wall Street expectations.
U.S. corporate profits are expected to be higher than the third quarter's lacklustre results, but analysts' estimates are down sharply from where they were in October.
Credit Suisse said in a research note that Asian equity market price indices may start to catch up with earnings estimates which had been outperforming market prices, suggesting further upside scope for Asian share prices.
The consensus earnings forecast so far is flat in January, following virtually flat revisions in December, it said.
"It was the persistent EPS downgrades that led to the gap between equity market price indices and EPS. These flat revisions could act as a catalyst for equity market price indices to converge with EPS," Credit Suisse said.
Data flows were light with Australian retail sales surprisingly fell 0.1 percent in November from October, against forecasts for a 0.3 percent rise on the month, sending the Australian dollar down to session lows of $1.0486 from $1.0517 before the data was released.
China will release its December trade data on Thursday, which includes initial estimates for metals imports and exports.
U.S. crude and Brent both eased 0.1 percent to $93.03 a barrel and $111.86 respectively.
"What we're seeing in the oil markets is the cautious sentiment playing up ahead of some key economic events this week," said Ker Chung Yang, senior investment analyst at Phillips Futures Pte in Singapore.
YEN STAYS WEAK
Japan's benchmark Nikkei stock average erased earlier losses to end 0.7 percent higher, bolstered by the yen's resumed weakness. The dollar had risen about 12 percent over the past two months against the yen, contributing to the Nikkei's 22 percent jump in the same period.
Expectations of much bolder monetary easing from the Bank of Japan to help Tokyo beat deflation under new Japanese Prime Minister Shinzo Abe have encouraged investors to sell the yen.
But as trading resumed from year-end holidays, analysts and traders said markets were ripe for position adjustments.
"After a good run in risk assets since December, we entered in a phase of consolidation which is moving from Japanese equities to short JPY positions," said Sebastien Galy, FX strategist at Societe Generale in New York, in a note, adding that the dollar could consolidate to 85 yen but must first take out the first Fibonacci retracement at 85.75 yen.
Yen crosses which had been bought the most, including the yen/Korean won, are the most exposed to the correction.
"Such a washout in JPY crosses is the opportunity many long-term investors will be waiting for to continue their switch into strategic short yen positions," he said.
The dollar earlier on Wednesday fell as low as 86.825 yen, having scaled its highest since July 2010 at 88.48 on Friday. The euro also added 0.2 percent to 114.475 yen, off the day lows of 113.55. The euro last week hit 115.995 yen, its highest since July 2011.
The Bank of Japan will consider easing monetary policy again at its January 21-22 meeting, by likely boosting buying of government bonds and treasury discount bills, while considering a doubling of its inflation target to 2 percent.
The euro held steady against the dollar at $1.3086, ahead of Thursday's European Central Bank policy meeting and Spanish and Italian bond auctions toward the end of the week.
Sentiment turned cautious in Asian credit markets, with the spread on the iTraxx Asia ex-Japan investment-grade index widening slightly by 1 basis point.

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UK stocks stage recovery on positive U.S. earnings

* FTSE 100 up 0.4 percent
* Miners gain after Alcoa says sees brighter 2013
* Lloyds Banking shines after UBS upgrade
* J Sainsbury drops after trading update
LONDON, Jan 9 (Reuters) - Britain's top shares rose on
Wednesday, boosted by banking stocks and miners as a reassuring
start to the U.S. earnings season boosted investors' appetite
for riskier assets.
The FTSE 100 was up 24.33 points, or 0.4 percent, at
6,077.96 by 0907 GMT, resuming a rally that took it to its
highest closing level since early February 2011 on Friday,
having slipped on Monday and Tuesday of this week.
Miners gained as investors welcomed news that
Alcoa, the largest aluminium producer in the United
States, posted in-line fourth-quarter earnings after the Wall
Street close on Tuesday and offered a positive outlook for 2013.
But it kept a cautious tone as worries linger over a looming
U.S. budget confrontation.
"The comments from Alcoa... put people more into a risk-on
perspective. But if you wanted to buy (the market) on the Alcoa
results it's probably tempting fate somewhat because it's (just)
one set of results," Andy Ash, head of sales at Monument
Securities, said.
"I think a lot of what we are seeing is new year flows, so
retail (investors) putting money into equity funds ...- and you
don't want to fight against that. But that tends to run out in
the third week of January which coincides with (when the
reporting season gets under way in earnest)."
Banks led blue chips higher, with Lloyds
Banking Group the best performer, up 3.3 percent as
traders cited the impact of a UBS upgrade to "buy" from
"neutral" with an increased target price of 60 pence.
"Lloyds' investment strategy is simplest of the UK domestic
banks. The story is defined with the group focused on
execution," UBS said in a note.
"We think Lloyds will deliver rising margins, falling costs
and falling provisions, which will provide a very strong upswing
to profitability and EPS momentum over the next few years."
J Sainsbury suffered early falls, off 2.5 percent
and relinquishing the previous session's advance as it issued a
trading update which prompted Seymour Pierce to cut its rating
on the stock to "reduce".
Britain's No. 3 supermarket met forecasts for underlying
sales in the Christmas quarter, though growth did slow from its
first half in a highly competitive festive market.
"We suspect Sainsbury will struggle to outperform in 2013 as
Tesco continues its fight back and there is some margin
vulnerability as momentum slows," Seymour Pierce said in a note.
Many of Britain's grocers are finding the going tough as
consumers fret over job security and a squeeze on real incomes,
and with the retail market showing minimal growth, store groups
are battling to take market share off each other.
For a graphic showing UK retailers' share price performances
click on: http://link.reuters.com/mat94t
Tesco, which reports on Thursday, shed 0.8 percent.

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Global shares buoyed by Alcoa earnings, dollar gains on yen

012. REUTERS/Issei Kato
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LONDON (Reuters) - World shares staged a modest recovery from two days of losses on Wednesday after aluminum giant Alcoa opened the U.S. earnings season with an optimistic outlook for world demand.
However, with European and British central banks due to hold policy meetings on Thursday, the same day Spain will test demand for its debt and China releases its latest trade data, investors were in a cautious mood.
Alcoa, the largest aluminum producer in the United States, rose 1.3 percent in after-hours trade after it reported a fourth-quarter profit in line with Wall Street expectations and revenues that beat forecasts.
The results lifted Asian stock markets and pushed Europe's FTSE Eurofirst 300 index <.fteu3> up around 0.2 percent in early trade, leaving the MSCI world equity index <.miwd00000pus> up 0.1 percent. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were flat to 0.2 percent higher.
U.S. stock futures were up 0.15 percent, suggesting a firmer start on Wall Street. <.l><.eu><.n>
Corporate profits are expected to be higher than the third quarter's lackluster results, but analysts' estimates are down sharply from where they were in October.
"Expectations are quite low going into the earnings season as we saw a lot of downward guidance in the past few months. There is potential for an upside surprise to come through," said Robert Parkes, equity strategist at HSBC Securities.
SOVEREIGN DEBT TEST
In European fixed income markets German Bund prices dipped slightly as investors prepared for the government's auction of 5 billion euros' worth of new five-year bonds following successful debt sales in Austria, the Netherlands and Ireland on Tuesday.
Investors were also looking ahead to Spanish and Italian bond auctions on Thursday for the new year's first test of market appetite for peripheral euro zone debt.
The Spanish auction could also provide clues on the timing of a much anticipated request by Madrid for fresh financial aid from the ECB. [ID:nL5E9C46KK]
The dollar meanwhile climbed against the yen, moving back towards a 2-1/2 year high hit last week, on expectations of a much bolder monetary easing from the Bank of Japan at its next meeting later this month.
The U.S. currency was up 0.7 percent at 87.61 yen, above a near one-week low of 86.82 hit earlier in Tokyo.
"No one is going to want to be short yen going into the BOJ meeting," said Derek Halpenny, European head of FX research at Bank of Tokyo-Mitsubishi.
Sources familiar with the BOJ's thinking told Reuters the central bank was likely to adopt a 2 percent inflation target at the meeting, double its current goal, and issue a statement with the government pledging to pursue bold monetary easing steps.
The BOJ will also consider easing monetary policy again this month, probably through a further increase in its 101 trillion yen ($1.2 trillion) asset buying and lending programme, the sources said.
The euro held steady against the dollar at $1.3080, with most analysts forecasting the European Central Bank will keep interest rates on hold on Thursday, though some believe rates will be cut later this year.
CHINA DEMAND EYED
Brent crude oil slipped around 0.3 percent to below $112 per barrel as the market awaited the latest trade data from China, the world's biggest energy consumer, due on Thursday.
"What we're seeing in the oil markets is the cautious sentiment playing up ahead of some key economic events this week," said Ker Chung Yang, senior investment analyst at Phillips Futures in Singapore.
However, iron ore jumped to its highest since October 2011, stretching a rally that has lifted prices by more than a third since December as China replenished stockpiles and as supply in the spot market remained limited.
Iron ore, a raw material used to make steel, has now risen 83 percent since falling to below $87 in September.

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Rex, Woody excited for Jets' new 'beginning'

FLORHAM PARK, N.J. (AP) — Rex Ryan and Woody Johnson met the media Tuesday, wearing Jets-green ties and presenting an unusually united front for a coach and owner coming off an abysmal season that produced far more in the way of turbulence than touchdowns.
The general manager is gone, along with the offensive, defensive and special teams coordinators.
Ryan isn't going anywhere because Johnson really likes him.
More than that, "I trust him," Johnson said.
"I think Rex is perfect for the New York Jets," he said. "He is 100 percent this team."
So, basking in that comfort zone, Ryan laid out his plans for the future of the 6-10 New York Jets, speaking mostly in generalities and giving few, if any, specifics about two guys named Sanchez and Tebow.
Ryan made big, bold pronouncements — the kind he made when he was hired four years ago:
— "We are going to be a dangerous football team. I can promise you that. I'm going to tell you, you're not going to want to play the Jets."
— "We're not going to be bullied. Fans don't like for their team to be embarrassed. We were embarrassed at times last year. That's not going to happen. We might not win every game, and no team does. But you've got to stand for something. We're going to be the team you don't want to play."
He managed to stop short of guaranteeing a Super Bowl trip.
Ryan told the packed press conference room at the training facility that, yes, he thought he might get fired after the season because he "failed" to leave his imprint on all aspects of the team, particularly on offense. That, and perhaps the fact the Jets haven't made the playoffs in two straight seasons.
"I don't think I've done as good a job of implementing who I am throughout this team," Ryan said. "I want a physical, aggressive, attack style."
To get it, he's wiping the slate clean, zoning out all the bad vibes tied to Mark Sanchez being an ineffective starting quarterback and leader, and Tim Tebow being his invisible backup.
"I'm approaching this day like it's the first day. Period," Ryan said. "Like my first day as a head coach. This is a new chance for me. This is a beginning, certainly not an end."
It was the end for general manager Mike Tannenbaum and offensive coordinator Tony Sparano, who were both fired, defensive coordinator Mike Pettine, whose contract was not renewed, and special teams coordinator Mike Westhoff, who retired.
Johnson said Ryan will have a say in hiring the new GM. San Francisco director of player personnel Tom Gamble has been considered by many to be the front-runner, but he has attracted interest from several teams. So has Atlanta director of player personnel David Caldwell, who was hired Tuesday by Jacksonville.
The team also met with Marc Ross, the Giants' director of college scouting, and in-house candidate Scott Cohen, the Jets' assistant GM. Johnson acknowledged that the team has told candidates they will have to be willing to work with Ryan, who brushed off any talk that he could be considered a lame-duck coach.
"I'm pretty sure I'll have the exact same agenda as the general manager," Ryan said. "We want to win."
Sparano was fired Tuesday after one season in which the offense ranked among the league's worst, and quarterbacks coach Matt Cavanaugh is also out after four seasons.
"I have failed in that area," Ryan said.
Neither Sparano nor Cavanaugh could get Sanchez to make the next step in his development, and the quarterback actually regressed this season — culminating in the first benching of his career. Sanchez's 52 turnovers the last two seasons are the most in the NFL. Ryan and Johnson insisted money wouldn't factor into any decisions on personnel — despite the fact Sanchez is owed $8.25 million in guarantees and would cost the Jets a $17.1 million salary cap hit if they cut him.
"We'll play the player that fits what we do best," Ryan said, refusing to commit to Sanchez.
The Jets also couldn't figure out a way to effectively use Tebow, who failed to get into the end zone all season and stood mostly on the sideline, though he was supposed to be a major part of Sparano's offense. Tebow is expected to be traded or released — but personnel moves will largely depend on the next general manager.
"It is way too early to say what any of our players' futures are," Ryan said.
Ryan hinted that Pettine's replacement would come from within the franchise, likely secondary coach Dennis Thurman. Westhoff will be replaced by his assistant, Ben Kotwica.
Ryan's much-discussed tattoo of his wife wearing a Sanchez jersey — photographed while he was vacationing in the Bahamas — also came up. The coach laughed at the question, saying he's had it on his right arm for nearly three years.
"I know what you're thinking. Obviously, if Sanchez doesn't play better that number is changing," Ryan said with a laugh. "I've been married 25 years and, in my eyes, my wife is the most beautiful woman in the world.

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Jaguars hire Falcons' Caldwell as general manager

JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have hired Atlanta director of player personnel David Caldwell as general manager, charging him with turning around one of the league's worst teams.
His first move will be deciding the fate of coach Mike Mularkey.
Owner Shad Khan tabbed the 38-year-old Caldwell on Tuesday, a day after a third interview. FoxSports.com first reported that the Jaguars had reached an agreement with Caldwell. A formal new conference is scheduled for Thursday afternoon.
"We got our man," Khan said in a statement. "I have a lot of faith in David Caldwell and I can assure our fans that the best days for the Jacksonville Jaguars are in front of us."
Added Caldwell, who chose the Jaguars over the New York Jets: "I am thrilled to accept the offer to become the next general manager of the Jacksonville Jaguars. There are no bad GM opportunities in the NFL, but to work on behalf of a dynamic owner in a rabid football city like Jacksonville is truly special. This is where I wanted to be and I could not be happier. I can't wait to get to Jacksonville and get started."
Caldwell's first task will be to make a decision on Mularkey, who went 2-14 in his first season in Jacksonville and has lost 20 of his last 23 games as a head coach.
Khan gave Mularkey's assistants permission to search for other jobs last week, an indication that he doesn't expect to retain Mularkey or his staff.
Then again, Caldwell and Mularkey have a relationship stemming from their time in Atlanta.
Before becoming the Falcons' director of player personnel in 2012, Caldwell spent four seasons as Atlanta's director of college scouting — the same four years Mularkey served as offensive coordinator. Caldwell replaced Les Snead, who was hired as St. Louis' general manager last offseason.
"He's a great guy, a great family man, does a good job," Mularkey said of Caldwell last month. "He had some experience in Indy before he got to Atlanta, and I thought he did a good job up there. ... I thought that (he would become a GM) when I worked with him, that he was heading in that direction."
Caldwell was part of an Atlanta front office that drafted quarterback Matt Ryan, linebackers Curtis Lofton and Sean Witherspoon, offensive tackle Sam Baker, safety William Moore, receiver Julio Jones and running back Jacquizz Rodgers.
He doesn't inherit as much talent in Jacksonville, but the Jaguars have the No. 2 pick in April's draft and plenty of room under the salary cap to make moves. And coming off the worst season in franchise history, it won't take much to show improvement.
Khan fired general manager Gene Smith last week, parting ways with the guy who built a team that failed to make the playoffs the last four seasons.
Smith had been with the team since its inception in 1994, working his way up from regional scout to general manager. He had been GM since 2009, compiling a 22-42 record. Not one player he acquired made the Pro Bowl, though.
Smith changed the way Jacksonville approached personnel moves. He made character as important as ability, but it never paid off the way he envisioned.
Finding talent was the main issue.
Smith whiffed on offensive tackle Eben Britton (39th overall pick in 2009), defensive tackle Tyson Alualu (10th pick in 2010) and quarterback Blaine Gabbert (10th pick in 2011). Smith traded up to select Gabbert even though several teams with quarterback needs passed on the former Missouri starter.
Smith's most controversial act came in April, when he chose punter Bryan Anger in the third round (70th pick). Anger was terrific as a rookie, but adding him never seemed like the best call for a team that needed talent and depth at so many other positions.
Smith did hit on some players, including left tackle Eugene Monroe (eighth pick in 2009), cornerback Derek Cox (73rd pick in 2009) and receivers Cecil Shorts (114th pick in 2011) and Justin Blackmon (fifth pick in 2012). But none of those starters has become a star. And Smith gave up a second-round pick to get Cox and a fourth-rounder to trade up and get Blackmon.
Caldwell will need to do better to help get the Jaguars back in the playoffs for the first time since 2007.

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Source: RG3 to have surgery on torn knee ligament

WASHINGTON (AP) — A person familiar with the situation says Robert Griffin III will have surgery Wednesday to repair a torn ligament in his right knee.
The person said Griffin has a torn lateral collateral ligament and that the surgery will also determine whether he also has damaged the ACL.
The person spoke on condition of anonymity because the Redskins have not announced the latest details of Griffin's injury.
Baylor coach Art Briles confirmed the same details in an interview with USA Today.
A torn LCL would require a rehabilitation period of several months, possibly extending into training camp and the start of next season. A torn ACL is a more severe injury, typically requiring nine to 12 months of recovery.
Griffin reinjured the knee in Sunday's playoff loss to Seattle.

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Stocks open lower, pushing S&P 500 down from high

NEW YORK (AP) — Stocks are opening lower on Wall Street Monday, pushing the Standard & Poor's 500 index down from the five-year high it reached Friday.
The Dow Jones industrial average fell 55 points to 13,379 as of 10:30 a.m. EST Monday. The S&P 500 dropped six points to 1,460. The Nasdaq composite fell eight points to 3,093.
Bank of America bucked the downward trend. The stock rose after the bank said it had reached an agreement to settle claims from the government agency Fannie Mae over mortgage investments that lost value after the housing crash. Bank of America will pay the agency $3.6 billion and buy back $6.75 billion in loans that the North Carolina-based bank and its Countrywide unit sold to agency from Jan. 1, 2000 through Dec. 31, 2008. The stock rose 2 cents to $12.13.
The S&P 500 closed at a five-year high Friday after a report showed that hiring held up in December during the tense fiscal negotiations in Washington, with employers adding 155,000 jobs in the month. Stocks surged at the start of last week after lawmakers passed a bill to avoid a combination of government spending cuts and tax increases that came to be known as the "fiscal cliff." The law passed late Tuesday night averted that outcome, which could have pushed the economy back into recession.
Investors will get a better feel for outlook for corporate America this week as earnings reports start coming in. Aluminum producer Alcoa Inc. will launch the reporting season for the fourth quarter of 2012 on Tuesday after the markets close.
The yield on the 10-year Treasury note rose 1 basis point to 1.91 percent. The yield on the note climbed to an eight-month high of 1.97 percent in intra-day trading Friday, according to prices from Tradeweb, an operator of fixed income markets.
Other stocks making big moves:
— Lowe's Cos. fell 68 cents to $34.90 after Canaccord cuts its rating on the company to "sell" from "hold," saying that the home improvement company's efforts to improve stores and sales won't be successful.
— Walgreen Co. gained 65 cents to $37.83 after Jefferies analyst Scott A. Mushkin raised his rating on the drugstore chain to "buy" from "hold," saying the company's profits may get a boost from the flu season, Medicare drug plans and the health care overhaul.

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U.S. stocks slip before earnings; oil dips

 U.S. stock prices fell on Monday on worries about disappointing company results while world oil prices dipped on profit-taking, but signs of improvement in the global economy capped the losses.
The dollar fell against the yen after rallying to a 2-1/2- year high last week, which some traders reckoned was overdone. But it strengthened against the euro on speculation over whether the European Central Bank might signal future interest rate cuts when ECB officials meet on Thursday.
After a jolt of confidence from last week's budget deal in Washington, investors turned their focus to corporate profits in the last three months of 2012, when growth in American holiday spending and corporate investments were tepid.
"We have a cautious market entering fourth-quarter earnings season," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "I think it's going to be a disappointing one this time around."
Uneasiness about weak corporate results emerged even as data on Friday showed U.S. employers kept up a steady pace of hiring in December and the vast services sector had expanded.
The three major U.S. stock indexes opened lower. The Dow Jones industrial average was last down 39.87 points, or 0.30 percent, at 13,395.34. The Standard & Poor's 500 Index was down 4.78 points, or 0.33 percent, at 1,461.69. The Nasdaq Composite Index was down 4.93 points, or 0.16 percent, at 3,096.73.
After touching a 22-month peak last week, the FTSE Eurofirst index of top European shares was down 0.44 percent at 1,162.
MSCI's broad world equity index fell 0.28 percent but was still not far from an 18-month peak scaled when investors returned to the market after the immediate U.S. fiscal crisis was averted by a political deal in Washington.
The pullback in equities also spurred selling in oil, gold and other risky assets.
Brent crude futures slipped 38 cents or 0.31 percent to $110.93 per barrel after rising 0.6 percent last week, while U.S. oil futures dipped 8 cents or 0.1 percent to $93.01.
Spot gold was down 0.6 percent at $1,646.44 an ounce, though above Friday's $1,625.79, its lowest price since August.
In the currency market, the euro was little changed against the dollar at $1.3076, erasing early losses. It held above a three-week low of $1.2998 hit on Friday.
Analysts predicted it would stay around those levels until after the ECB meeting. Some expect the ECB to point to the prospect of easier rates early this year, contrasting with signals from Federal Reserve policymakers that the U.S. central bank it may pursue less-accommodative policies in the future.
The Bank of Japan is also expected to take major steps to stimulate that country's economy later this month as the new government aims to end deflation and recession.
The yen was weaker against the greenback, last down 0.4 percent at 87.83 yen.
Expectations of less-easy monetary policy from the Fed later this year underpinned weakness in U.S. government debt. The yield on benchmark Treasury 10-year notes ticked up to 1.915 percent, which was 6 basis points below the eight-month high set last Friday.

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