Business Today: Stock futures briefly pare gains after CPI

		Click to View in Browser 07/17/2012 Stock futures briefly pare gains after CPI NEW YORK (Reuters) - Stock index futures briefly pared gains on Tuesday after data showed consumer prices were unchanged in June. Gasoline prices dampen consumer inflation in June WASHINGTON (Reuters) - Consumer prices were flat in June as the cost of gasoline dropped, offering some relief for cash-strapped Americans and scope for the Federal Reserve to ease monetary policy further to help the faltering recovery. Coca-Cola profit tops Wall Street estimates (Reuters) - Coca-Cola Co reported a higher-than-expected quarterly profit on Tuesday, as rising consumption of its beverages in emerging markets offset declines in Europe, sending its shares up more than 1 percent in premarket trading. Goldman earnings fall 12 percent (Reuters) - Goldman Sachs Group Inc's profit fell 12 percent in the second quarter due to losses on some equity investments and a slowdown in dealmaking activity. Exclusive: Chesapeake board changes could trigger bonus windfall for many (Reuters) - Chesapeake Energy Corp often boasts that it's one of America's best workplaces, offering its 13,500 employees such benefits as Botox injections, NBA tickets and a fitness center with an Olympic-sized pool and a rock-climbing wall. JP Morgan downgrades Deere on drought woes (Reuters) - J.P. Morgan Securities downgraded Deere & Co to "underweight" from "overweight," saying it expects the world's largest farm equipment maker to be hurt by the drought in the U.S. Midwest and declining farm yield. J&J Q2 sales lag, profit view cut on forex factors (Reuters) - Johnson & Johnson reported lower-than-expected quarterly sales on Tuesday and cut its full-year 2012 profit forecast, citing the negative impact of a stronger dollar, but quarterly earnings narrowly beat Wall Street estimates. BoE's King says Barclays was in denial over Diamond LONDON (Reuters) - Bank of England chief Mervyn King said on Tuesday that Barclays was in such denial about the gravity of an interest rate fixing scandal that he was forced to tell the bank that regulators had lost confidence in Bob Diamond as chief executive. Yahoo turns to Google's Mayer for revival SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc picked Google Inc's Marissa Mayer to become its new CEO, turning to an engineer with established Silicon Valley credentials to turn around the struggling former Internet powerhouse. Spain debt costs fall, but still seen unsustainable MADRID (Reuters) - Spain's borrowing costs dropped on Tuesday, at the first sale of debt since the government announced a new austerity package, but not enough to suggest markets believe the country's finances are on a sustainable path. Related Video Breakingviews: A Libor boycott could happen Reuters Today: Bernanke faces grilling on QE3...and Libor Economic News Gasoline prices dampen consumer inflation in June Many more homeowners using Obama refinance plan: regulator 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