Business Today: Stock futures point to lower open on Fed uncertainty

		Click to View in Browser 05/29/2013 Stock futures point to lower open on Fed uncertainty NEW YORK (Reuters) - Stock index futures pointed to a lower open on Wednesday, indicating a drop from record highs at the open as investors continued to question the longevity of the Federal Reserve's stimulus program. China's Shuanghui to buy Smithfield Foods for $4.7 billion HONG KONG (Reuters) - China's Shuanghui International agreed on Wednesday to buy Smithfield Foods for $4.7 billion in cash, in a deal that will increase the flow of U.S.-made pork to the world's largest consumer of the meat. Switzerland frees banks to settle U.S. tax evasion cases ZURICH (Reuters) - The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by U.S. authorities into their role in helping wealthy Americans evade billions of dollars in tax. Sprint, SoftBank agree to national security deal with U.S (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp said on Wednesday they had entered into a national security agreement with U.S. authorities related to the Japanese company's pending $20.1 billion deal to win control of the wireless carrier. Completed foreclosures hold steady in April: CoreLogic NEW YORK (Reuters) - The number of foreclosed homes held steady in April, while there were fewer properties sitting in the pipeline, fresh signs the housing recovery is on track, data from CoreLogic showed on Wednesday. Apple CEO sees more 'gamechangers'; hints at wearable devices RANCHOS PALOS VERDES, Calif./SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would release "several more game changers" and hinting that wearable computers could be among them. Sallie Mae to split company, names new CEO (Reuters) - Student loan provider Sallie Mae Corp said it would split the company into two publicly traded entities and named John Remondi as its chief executive officer. Peugeot cap hike not on agenda as starts union talks PARIS (Reuters) - PSA Peugeot Citroen denied a report it needs to raise cash from shareholders as the loss-making French carmaker began five months of talks with unions on Wednesday aimed at turning the business around. Air freight market stabilized in April after reversing in March GENEVA (Reuters) - The global air freight market recovered slightly in April after a long-awaited recovery stalled in March, the International Air Transport Association (IATA) said on Wednesday. Consumer groups worry U.S.-EU trade pact will weaken health, privacy regulations WASHINGTON (Reuters) - U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and food safety regulations and undermine privacy on the Internet. Related Video U.S. also fighting youth unemployment war - Hormats U.S. Morning Call: Apple's grand vision and surprises Economic News Anticipating the end of the Fed's bond-buying spree Home prices accelerate by most in seven years 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