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Tuesday, October 15, 2013

Business Today: S&P futures down after Citigroup results

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10/15/2013
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S&P futures down after Citigroup results
NEW YORK (Reuters) - U.S. stock futures edged lower on Tuesday after Citigroup reported a marginal fall in adjusted quarterly profit from continuing businesses after the Federal Reserve chose to continue its program of bond buying for longer than expected.
Citigroup adjusted profit hit by bond trading slowdown
(Reuters) - Citigroup Inc reported a marginal fall in adjusted quarterly profit from ongoing businesses after the Federal Reserve's decision to continue its bond-buying program for longer than expected slowed trading by clients.
Coca-Cola reports higher quarterly profit, lower revenue
(Reuters) - Coca-Cola Co reported higher quarterly earnings and lower revenue on Tuesday as strong sales of its namesake products offset the effects of global economic pressures and the costs of restructuring bottling operations in Brazil and the Philippines.
Burberry names Bailey CEO as Ahrendts quits for Apple
LONDON (Reuters) - Burberry boss Angela Ahrendts, who has overseen a doubling in sales and a 250-percent jump in the shares of the British fashion brand, will leave to take up a job at Apple next year and hand over to creative director Christopher Bailey.
U.S. Treasury bill rates fall on signs of possible budget deal
NEW YORK (Reuters) - Interest rates on U.S. Treasury bills fell on Tuesday on reduced jitters over a possible U.S. default as there were hints of a possible fiscal agreement that would reopen the government after it was partially shut for the first time in 17 years.
China able to achieve major economic targets this year: Premier
BEIJING (Reuters) - China has the basic foundations to meet its major economic targets this year and the upward trend of the economy will continue, Premier Li Keqiang was quoted as saying in remarks published on Tuesday.
Johnson & Johnson posts results above estimates, nudges forecast up
(Reuters) - Johnson & Johnson reported better than expected quarterly results on strong growth for its prescription drugs, including new treatments for cancer and to prevent blood clots, and the company slightly raised its full-year profit forecast.
NYSE Euronext CFO, general counsel to leave after ICE merger
(Reuters) - NYSE Euronext said Chief Financial Officer Michael Geltzeiler and General Counsel John Halvey will leave the company shortly after its sale to IntercontinentalExchange Inc .
U.S. senators hint at possible fiscal deal on Tuesday
WASHINGTON (Reuters) - A month of combat in the U.S. Congress over government spending showed signs on Monday of giving way to a Senate deal to reopen shuttered federal agencies and prevent an economically damaging default on federal debt.
New York factory growth slows in October to weakest since May: NY Fed
NEW YORK (Reuters) - The pace of growth in New York state's manufacturing sector slipped this month to its slowest since May, but business optimism stayed strong, a report from the New York Federal Reserve showed on Tuesday.
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