Business Today: Stock futures fall on Spanish yields, China GDP

Click to View in Browser 04/13/2012 Stock futures fall on Spanish yields, China GDP NEW YORK (Reuters) - Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results. Apple rejects e-book pricing collusion charge (Reuters) - Apple Inc has rejected the U.S. Justice Department's allegations that it colluded with publishers over electronic book pricing, calling the charges "simply not true." JPMorgan profit falls 3 percent but tops Street view (Reuters) - JPMorgan Chase & Co's first-quarter profit fell 3 percent as recent improvement in trading and deal-making failed to lift investment banking revenue to year-earlier levels, but results still beat Wall Street expectations. Wells Fargo reports higher first-quarter profit (Reuters) - Wells Fargo & Co reported higher first-quarter profits on Friday as the bank posted strong mortgage banking results and set aside less money for bad loans. Consumer prices up 0.3 percent in March WASHINGTON (Reuters) - U.S. consumer prices rose modestly in March as falling electricity costs countered higher gasoline prices, boosting the view the U.S. Federal Reserve has room to provide more support for the economy if needed. Oracle kicks off busy trial season against Google SAN FRANCISCO (Reuters) - Oracle Corp is set to go to trial next week against Google Inc in a high-stakes dispute over smartphone technology, the biggest case in what is shaping up to be an intense year in court for the enterprise software giant. Weak China GDP growth no signal for fresh stimulus BEIJING (Reuters) - Speculation that China's weakest quarter of annual economic growth since the global financial crisis will trigger a flood of policy support to fight the downturn misses a crucial point - the taps are already turned on. Exclusive: Deutsche Telekom eyes bid for Tele Columbus FRANKFURT/LONDON (Reuters) - Deutsche Telekom may bid for regional cable company Tele Columbus to shore up its position in its key home market against competition from rivals Liberty Global and Kabel Deutschland, sources told Reuters. Google flat as earnings beat offsets slipping ad rates (Reuters) - Shares of Google Inc were nearly flat in premarket trade on Friday, as investors weighed a convincing first-quarter profit beat against a second straight quarterly slip in search advertising rates. Exclusive: Former RIM boss sought strategy shift before he quit TORONTO (Reuters) - Former Research In Motion co-chief executive Jim Balsillie sought to reinvent the BlackBerry smartphone maker with a radical shift in strategy before he stepped down, two sources with knowledge of his plans said. Related Video U.S. Morning Call: Stock futures lower, weakness in China U.S. easing measures to continue to end-2012: Mobius Economic News Jobless claims cast cloud on labor market Analysis: Obama's "green jobs" have been slow to sprout 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