Business Today: Stock futures rise after retail sales

Click to View in Browser 04/16/2012 Stock futures rise after retail sales NEW YORK (Reuters) - Stock index futures jumped on Monday after retail sales rose more than expected in March, suggesting that economic growth in the first quarter did not slow as much as many had feared. Retail sales beat expectations in March WASHINGTON (Reuters) - Retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared. Citigroup quarterly profit falls (Reuters) - Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets. Temasek buys $2.3 billion of ICBC shares from Goldman HONG KONG/SINGAPORE (Reuters) - Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy. DE Shaw, PAG back Haitong's $1.8 billion offer: IFR HONG KONG (Reuters) - Pan-Asia private equity firm PAG and asset manager DE Shaw & Co Ltd are among 11 cornerstone investors that pledged to buy almost one-third of the up to $1.8 billion Hong Kong offer by Haitong Securities Co Ltd's , IFR reported on Monday. Carlyle IPO values company at $7.61 billion (Reuters) - Private equity firm Carlyle Group LP said it is looking to raise between $701.5 million to $762.5 million in its initial public offering, valuing the company at as much as $7.61 billion, as it presses on with its plans to catch up with rivals Blackstone , KKR and Apollo . Insight: In Hungary, a business elite thrives BUDAPEST (Reuters) - Like many of the powerful people around Hungary's Prime Minister Viktor Orban, Zsolt Nyerges is media shy. Oracle suit vs. Google over Android hits trial SAN FRANCISCO (Reuters) - Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc is set to begin here on Monday morning, kicking off a trial in which both companies' chief executives are set to take the stand. Coty says may consider raising bid for Avon (Reuters) - Beauty product company Coty Inc, whose $10 billion bid for larger rival Avon Products Inc was rejected earlier this month, said it might raise its offer if it was invited to examine the direct seller's books. SABMiller eyes $2.5 billion in Africa investment JOHANNESBURG (Reuters) - SABMiller plans to invest up to $2.5 billion in Africa over the next five years to build and revamp breweries, its head for the region said on Monday, as it looks to slake rising demand for beer in the fast-growing continent. Related Video Breakingviews: Yuan step shows China reform moving forward China gives yuan more freedom Economic News U.S. economy in better shape to handle high gas prices: Geithner Retail sales beat expectations in March A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend