Business Today: Stock futures higher as key companies report strong results

		Click to View in Browser 10/16/2012 Stock futures higher as key companies report strong results NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday as some strong earnings from key companies assuaged fears about the global economy. Citigroup CEO Vikram Pandit resigns NEW YORK (Reuters) - Citigroup Inc Chief Executive Vikram Pandit has resigned effectively immediately, the company said on Tuesday in a statement from Chairman Michael O'Neill. CPI rises 0.6 percent on surge in gasoline WASHINGTON (Reuters) - Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers' spending power although faster inflation looked unlikely to derail the Federal Reserve's ultra-easy policy path. Goldman Sachs revenue more than doubles on investment gains (Reuters) - Goldman Sachs Group Inc reported a third-quarter profit, reversing a year-earlier loss, as revenue more than doubled due to gains in stocks and bonds the investment bank holds as investments. Coca-Cola's profit in line with estimates, revenue is light (Reuters) - Coca-Cola Co reported quarterly earnings in line with Wall Street estimates on Tuesday, but revenue fell slightly short, and its shares fell nearly 1 percent in premarket trading. Johnson & Johnson third quarter profit beats view as drug sales rebound (Reuters) - Johnson & Johnson reported better-than-expected quarterly results on Tuesday, as pharmaceutical sales rebounded with the help of newer products, including treatments for prostate cancer and hepatitis C. State Street third-quarter net rises, forex revenue plummets BOSTON (Reuters) - State Street Corp , the No. 2 global custody bank, said Tuesday that third-quarter net income rose 20 percent, but foreign currency trading results fell sharply, pulling down overall revenue. Japan's Softbank snaps up Sprint in $20 billion deal (Reuters) - Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp for $20.1 billion, giving Softbank the American toehold it has long desired and Sprint the capital to expand its network and potentially buy peers. Germany's Schaeuble advocates leap in euro integration ABU DHABI (Reuters) - German Finance Minister Wolfgang Schaeuble has called ahead of an EU summit for a great leap forward in European integration, urging the creation of a new commissioner with power over budgets and reform of European Parliament decision-making. Geography shouldn't matter in choice of WTO chief: Lamy TOKYO (Reuters) - World Trade Organization Director General Pascal Lamy said on Saturday that there was no system of rotating his job between countries and regions and his successor should be picked on the basis of competence alone. Related Video UK watchdog to tone down approach if banks get in line New UK watchdog warns of no let up in abuses crackdown Economic News Fed officials offer divergent views on inflation risks CPI rises 0.6 percent on surge in gasoline 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