Business Today: China rate hike, Apple weigh on futures

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	04/5/2011
Good Morning Aron LATEST NEWS China rate hike, Apple weigh on futures NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday after China, a main source of global growth, raised its interest rates, while Apple shares fell after the stock's weight in a widely followed index was cut. | Full Article Nasdaq to rebalance index, cut Apple weighting April 05, 2011 08:14 AM ET NEW YORK (Reuters) - Exchange operator Nasdaq OMX Group will rebalance its benchmark Nasdaq 100 index, cutting the weighting of widely held stocks, such as Apple Inc, and causing volatility as investors adjust their portfolios. | Full Article China ups rates 4th time since October April 05, 2011 08:04 AM ET SHANGHAI/BEIJING (Reuters) - China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March. | Full Article Procter & Gamble to sell Pringles to Diamond Foods April 05, 2011 07:55 AM ET (Reuters) - Procter & Gamble Co said it will sell its Pringles business to Diamond Foods Inc in a deal valued at $2.35 billion. | Full Article Moody's cuts Portugal, says bailout needed urgently April 05, 2011 08:06 AM ET LISBON (Reuters) - Credit rating agency Moody's cut Portugal's sovereign debt by one notch on Tuesday, saying it believed an incoming government would need to seek financing support from the European Union as a matter of urgency. | Full Article US TOP NEWS Republican budget plan envisions sharp cuts April 05, 2011 01:50 AM ET WASHINGTON (Reuters) - Government spending would plummet by nearly $6 trillion over the coming decade under a Republican plan due to be unveiled on Tuesday, in a sharp contrast to President Barack Obama's fiscal plan. | Full Article Obama declares himself candidate for re-election April 04, 2011 09:03 PM ET WASHINGTON (Reuters) - President Barack Obama declared himself a candidate for re-election in 2012 on Monday, jumping ahead of a slow-starting Republican field and hoping an economic recovery will boost his case for a new term. | Full Article Japan's nuclear plant operator pays "condolence money" April 05, 2011 06:37 AM ET TOKYO (Reuters) - The operator of Japan's crippled nuclear power plant started paying "condolence money" on Tuesday to victims of the worst nuclear crisis since Chernobyl while it kept pouring radioactive water into the sea. | Full Article Libya air strikes aid rebels as diplomacy stalls April 05, 2011 06:40 AM ET BREGA, Libya (Reuters) - A Western air strike destroyed two of Muammar Gaddafi's military vehicles in the east Libyan oil town of Brega on Tuesday allowing rebels to edge forward, but diplomatic efforts to end the war remained stalled. | Full Article Boehner tells Republicans to gird for shutdown April 05, 2011 12:27 AM ET WASHINGTON (Reuters) - House of Representatives Speaker John Boehner on Monday told fellow Republicans to prepare for a government shutdown, undercutting optimism that progress is being made on a deal that would keep the government running. | Full Article HEALTH NEWS Republican to call for sweeping Medicare changes Working long hours? Watch out for your heart Study finds statins reduce pneumonia death rates Boston Scientific stent study meets goal Scientists find gene linked to alcohol consumption RELATED VIDEO Texas Instruments to buy Nat Semi Gray skies over cloud music The day ahead: Apr. 5 2011 A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. 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 ODDLY ENOUGH Full Article - 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