Business Today: Futures drop further after retail sales data

		Click to View in Browser 07/16/2012 Futures drop further after retail sales data NEW YORK (Reuters) - Stock index futures briefly added to losses on Monday as data showed retail sales unexpectedly fell in June, more than offsetting a better-than-forecast reading in New York State manufacturing. Retail sales fall for third straight month in June WASHINGTON (Reuters) - Retail sales fell for a third straight month in June as demand slumped for everything from cars and electronics to building materials, a sign the economic recovery is flagging. Citigroup second-quarter profit falls on losses from older assets NEW YORK (Reuters) - Citigroup Inc reported lower second-quarter profit on Monday as the big banking group lost money on the sale of a stake in a Turkish bank and suffered from the drag of its troubled assets left over from the 2008 credit crisis. Exclusive: GSK set for Human Genome takeover - sources NEW YORK/LONDON (Reuters) - GlaxoSmithKline is expected to announce a deal to buy Human Genome Sciences for about $2.8 billion as soon as Monday, ending a three-month hostile pursuit of the U.S. biotech company on friendly terms after sweetening its offer. NY Fed manufacturing growth picks up in July NEW YORK (Reuters) - A gauge of manufacturing in New York state perked up in July after a sharp drop off the month before, though new orders shrank, the New York Federal Reserve said in a report on Monday. Fewer U.S. companies planning to hire; Europe looms: poll WASHINGTON (Reuters) - American companies are scaling back plans to hire workers and a rising share of firms feel the European debt crisis is taking a bite out of their sales, a survey showed on Monday. Analysis: Banks behave badly redux: Is it killing confidence? After the worst financial crisis since the Great Depression almost took the global economy over a cliff, tough new regulations and stronger internal controls at the world's major banks were meant to help restore confidence in the financial system. ECB declines comment on bank bond losses report FRANKFURT (Reuters) - The European Central Bank declined to comment on Monday on a report its president advocated imposing losses on holders of senior bonds issued by the most severely damaged Spanish savings banks in what would be a change to the ECB's previous stance. Two U.S. states probing banks over Libor manipulation NEW YORK (Reuters) - New York Attorney General Eric Schneiderman has launched a probe into possible manipulation of the Libor benchmark international lending rates by global banks, his spokesman said on Sunday. Energy cools euro zone inflation, imports stagnant BRUSSELS (Reuters) - A sharp fall in energy prices helped cool consumer prices in the euro zone in June and gave the European Central Bank space to cut interest rates this month to try to revive the economy, but stagnant imports highlighted the depth of the downturn. Related Video London remembers its taste for gin Breakingviews: No quick fix for G4S Economic News Retail sales fall for third straight month in June NY Fed manufacturing growth picks up in July 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