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• Wall Street gains as M&A offsets China's rate hike (Reuters)
• Late Easter, gas prices hit U.S. store sales (Reuters)
• Nasdaq rebalancing slashes Apple's weighting (Reuters)
• Blockbuster receives 5 bids at bankruptcy auction (Reuters)
• Service sector growth slows in March (Reuters)
• SEC sought information from BofA on loan-loss reserves: filing (Reuters)
• China ups rates 4th time since October (Reuters)
• KB Home 1Q loss widens on fewer home deliveries (AP)
• Moody's cuts Portugal, says bailout needed urgently (Reuters)
• First Person: Even Updated, Renovated Houses Seeing Few Showings (ContributorNetwork)
• Portugal rating cut again, deepening debt crisis (AP)
• Fla. mortgage exec on trial for alleged $2B fraud (AP)
• Corrected: Oil tanker in rebel-held Libya, buyer a mystery (Reuters)
• Treasury working on corporate tax plan: Geithner (Reuters)
• Mercedes to recall SUVs in the United States (AFP)
• MBA Journal: A Busy Second Term at CEIBS (BusinessWeek)

Wall Street gains as M&A offsets China's rate hike (Reuters) Posted: 05 Apr 2011 09:04 AM PDT Reuters - U.S. stocks advanced on Tuesday as a large acquisition helped lift positive sentiment and offset another rate hike in China.

Late Easter, gas prices hit U.S. store sales (Reuters) Posted: 05 Apr 2011 08:13 AM PDT Reuters - March sales at U.S. retail chains probably dropped modestly, held back by the combination of a later Easter and higher gasoline prices.

Nasdaq rebalancing slashes Apple's weighting (Reuters) Posted: 05 Apr 2011 08:40 AM PDT Reuters - Nasdaq on Tuesday announced a rebalancing of its benchmark Nasdaq 100 index next month that will slash Apple Inc's weighting and add to market volatility.

Blockbuster receives 5 bids at bankruptcy auction (Reuters) Posted: 05 Apr 2011 08:37 AM PDT Reuters - Blockbuster Inc has received five qualifying bids at a bankruptcy auction that will determine whether the movie rental chain will stay in business or shutter its roughly 1,700 remaining stores, a lawyer for the company said.

Service sector growth slows in March (Reuters) Posted: 05 Apr 2011 07:49 AM PDT Reuters - Growth in the vast U.S. services sector slowed last month and price pressures eased slightly, according to an industry report released on Tuesday, but overall activity expanded for a 16th straight month.

SEC sought information from BofA on loan-loss reserves: filing (Reuters) Posted: 04 Apr 2011 10:04 PM PDT Reuters - The Securities and Exchange Commission (SEC) sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed.

China ups rates 4th time since October (Reuters) Posted: 05 Apr 2011 05:41 AM PDT 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.

KB Home 1Q loss widens on fewer home deliveries (AP) Posted: 05 Apr 2011 06:25 AM PDT AP - KB Home said Tuesday that its fiscal first-quarter loss widened, as the homebuilder delivered fewer homes and net orders declined.

Moody's cuts Portugal, says bailout needed urgently (Reuters) Posted: 05 Apr 2011 08:24 AM PDT 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.

First Person: Even Updated, Renovated Houses Seeing Few Showings (ContributorNetwork) Posted: 04 Apr 2011 03:46 PM PDT ContributorNetwork - COMMENTARY | Many housing experts have recently said the housing market in the United States has bottomed out and is on the rebound. Many homeowners are desperate to sell their homes or refinance to be able to afford their mortgage payments.

Portugal rating cut again, deepening debt crisis (AP) Posted: 05 Apr 2011 06:31 AM PDT AP - Portugal's financial woes deepened Tuesday after Moody's downgraded its credit rating for the second time in less than a month, further fueling fears the debt-laden country will have no option but to seek an international financial rescue package soon.

Fla. mortgage exec on trial for alleged $2B fraud (AP) Posted: 04 Apr 2011 03:54 PM PDT AP - Prosecutors on Monday accused the owner of what had been one of the nation's largest private mortgage companies of lying and stealing on a staggering scale at the outset of a trial involving the national housing crisis.

Corrected: Oil tanker in rebel-held Libya, buyer a mystery (Reuters) Posted: 05 Apr 2011 08:07 AM PDT Reuters - A tanker arrived at an east Libyan port on Tuesday to load the first crude cargo since unrest shut down exports in early March with mystery surrounding the potential buyer of oil from the rebel held territory.

Treasury working on corporate tax plan: Geithner (Reuters) Posted: 05 Apr 2011 08:46 AM PDT Reuters - The Obama administration is working on a comprehensive proposal for corporate tax reform, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

Mercedes to recall SUVs in the United States (AFP) Posted: 05 Apr 2011 08:09 AM PDT AFP - The German automaker Daimler is recalling 136,751 sports utility vehicles in the United States owing to possible problems with their cruise control systems, the US highway safety watchdog said Tuesday.

MBA Journal: A Busy Second Term at CEIBS (BusinessWeek) Posted: 05 Apr 2011 05:08 AM PDT BusinessWeek - As the only MBA journal writer based in Asia, I fear it may seem frivolous to report about anything other than the Japanese earthquake and nuclear crisis. I am writing this post on Mar. 21, the traditional Japanese holiday to celebrate the Vernal Equinox, which sadly will not be celebrated this year because of the tragedy. The entire community of MBA students, faculty, and staff at the China Europe International Business School in Shanghai is shocked by the situation in the neighboring nation. ...

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