Business Today: S&P futures extend losses after factory data

		Click to View in Browser 04/15/2013 S&P futures extend losses after factory data NEW YORK (Reuters) - S&P 500 index futures extended their losses on Monday as the latest reading on New York manufacturing came in below expectations. Dish tries to trump SoftBank with $25.5 billion Sprint offer (Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp. Citigroup first-quarter profit rises 31 percent (Reuters) - Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled. China growth risks in focus as first quarter data falls short BEIJING (Reuters) - China's economic recovery unexpectedly stumbled in the first three months of 2013 with slowing factory output and investment spending forcing analysts to start slashing full-year forecasts despite official insistence that the outlook was favorable. Gold slumps to two-year low below $1,400 per ounce LONDON (Reuters) - Gold dropped as much as 6.3 percent on Monday to below $1,400 per ounce for the first time since March 2011 as the market's downward momentum gained speed after more than four months of investor selling. Life Tech in $13.6 billion buyout by Thermo Fisher (Reuters) - Genetic testing equipment maker Life Technologies Corp has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific Inc, in one of the year's biggest corporate takeovers. New York Fed manufacturing growth slows in April NEW YORK (Reuters) - The pace of growth in New York state manufacturing slowed more than expected in April as new orders tumbled, the latest data to suggest the economy lost some steam heading into the second quarter, data from the New York Federal Reserve showed on Monday. Greece set to win more bailout aid, may seek debt relief BRUSSELS/ATHENS (Reuters) - Greece received a clean bill of health from its international creditors on Monday, securing more rescue aid and prompting its finance minister to say he would ask for much more debt relief if Athens keeps meeting its bailout targets. J.C. Penney draws down $850 million in funding (Reuters) - J.C. Penney Co Inc said on Monday that it has drawn $850 million out of a $1.85 billion revolving credit facility to cover its current funding needs. JPMorgan investors urge split of chairman, CEO roles in letter NEW YORK (Reuters) - JPMorgan Chase & Co should split the roles of chairman and chief executive officer to restore credibility with regulators and manage the bank more effectively, a group of investors said in a letter to other shareholders on Monday. Related Video U.S. Morning Call: Dish offers to buy Sprint for $25.5B Food bonds make tasty investments Economic News New York Fed manufacturing growth slows in April Fed doves play down threat of U.S. inflation 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