Business Today: Stock futures point to rebound as banks rise

Click to View in Browser 05/15/2012 Stock futures point to rebound as banks rise NEW YORK (Reuters) - Stock index futures pointed to a higher open on Tuesday, recovering from a string of losses as investors sought bargains in beaten-down sectors. April consumer prices flat as gasoline drops WASHINGTON (Reuters) - Consumer prices were flat in April as households paid less for gasoline and natural gas, possibly giving the U.S. Federal Reserve more room to help economic growth should the recovery stumble. April retail sales edge up, building materials tumble WASHINGTON (Reuters) - Sales at retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter. JPMorgan's Dimon to face calls to split top roles (Reuters) - Jamie Dimon faces growing calls to give up the chairmanship of JPMorgan Chase & Co when shareholders of the bank convene on Tuesday, days after it revealed losses of billions of dollars in trades that were supposed to protect it from risk. Home Depot sales miss estimates; shares fall (Reuters) - Home Depot Inc reported weaker-than-expected quarterly sales on Tuesday after demand slowed in April following a jump in home improvement projects spurred by warm weather earlier in the year. Avon shares slide after Coty withdraws takeover offer (Reuters) - Shares of Avon Products Inc fell 14 percent in premarket trading on Tuesday, after Coty Inc withdrew its $10.7 billion takeover bid for the world's largest cosmetics direct seller, saying Avon had missed its deadline to begin discussions. Groupon shares jump on upbeat Q1 results (Reuters) - Groupon Inc shares jumped 22 percent in premarket trade on Tuesday after the daily deals company posted its first quarterly profit as it signed up more customers and merchants. Facebook hikes IPO range to raise $12.1 billion NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion. Sony, Panasonic in talks to make OLED TVs: sources TOKYO (Reuters) - Sony Corp and Panasonic Corp are in talks to develop the technology to mass produce next-generation OLED televisions, sources close to the matter said on Tuesday, but may already be running to catch up with South Korean rivals in a technology widely seen replacing current LCD TVs. Insight: In Europe, carmakers talk plant closures GENEVA/BRUSSELS (Reuters) - Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals. Related Video U.S. Morning Call: Facebook hikes IPO range-source Euro zone economy praying at the German altar Economic News April consumer prices flat as gasoline drops April retail sales edge up, building materials tumble 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