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Tuesday, April 5, 2011

Before the Bell: Stock futures fall after Apple's weighting in index is cut

Reuters
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04/5/2011
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LATEST NEWS
Stock futures fall after Apple's weighting in index is cut
NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday after a slide in Apple Inc, which had its weighting cut in a rebalancing of shares in the Nasdaq 100, forcing some to sell the iPhone maker's stock. | Full Article
Nasdaq to rebalance index, cuts Apple's weighting
April 05, 2011 07:56 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 07:53 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 05:06 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 07:27 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 07:25 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
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The day ahead: Apr. 5 2011

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