Business Today: Stock futures rise further after retail sales data

		Click to View in Browser 10/15/2012 Stock futures rise further after retail sales data NEW YORK (Reuters) - Stock index futures added to gains on Monday after data showed retail sales rose more than expected in September, while a gauge of consumer spending pointed to stronger-than-expected economic growth in the third quarter. Retail sales point to stronger third-quarter consumer spending WASHINGTON (Reuters) - U.S. retail sales rose in September as Americans bought more cars and gasoline, while a gauge of consumer spending pointed to stronger-than-expected economic growth in the third quarter. Citigroup profit drops as it writes down brokerage unit (Reuters) - Citigroup Inc said quarterly profit plunged on a $4.7 billion write-down of its stake in a brokerage operated by Morgan Stanley, but the bank's mortgage lending revenue increased and capital markets results rebounded. Japan's Softbank to buy 70 percent of Sprint for $20.1 billion TOKYO (Reuters) - Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition. Exclusive: Study shows $1.2 trillion gap for public pensions (Reuters) - The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday. Civil liberties group sues Morgan Stanley over discrimination NEW YORK (Reuters) - The American Civil Liberties Union is filing what it says is the first lawsuit against an investment bank, Morgan Stanley, alleging discrimination for packaging subprime mortgage loans into securities. Gannett reports third-quarter increase in revenue, profit (Reuters) - Gannett Co Inc reported better than expected revenue and higher profit on television advertising related to the Olympics and the presidential election and on subscription revenue at its newspapers, thanks to its online pay model. Founders of Germany's Douglas in $2 billion buyout bid FRANKFURT (Reuters) - The founding family of Douglas Holding AG has teamed up with private equity to bid for the loss-making retailer, offering a possible end to months of uncertainty over its ownership as it battles fierce competition from online players. NYSE Euronext to launch European retail service: sources LONDON (Reuters) - NYSE Euronext , the transatlantic exchange group, plans to launch a European trading platform early next year designed to boost volumes from small investors by offering them better prices, according to sources close to the firm. Britain pushes to temper ECB power in banking union BRUSSELS (Reuters) - Britain is pushing for changes to a proposed euro zone banking union to dilute the power of the European Central Bank, EU officials said, potentially hampering efforts to build the infrastructure urgently needed to underpin the euro. Related Video Breakingviews: RBS needs sympathy FACTBOX: ZTE's growth run at an end? Economic News Fed not anxious to remove easy policy: Dudley Retail sales point to stronger third-quarter consumer spending 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