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Friday, October 21, 2011

DAI: Rally reaches third week; hopes hinge on EU summit

Reuters
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10/21/2011
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LATEST NEWS
Rally reaches third week; hopes hinge on EU summit
NEW YORK (Reuters) - The S&P 500 posted its third straight week of gains on Friday, lifted by optimism before this weekend's summit of European leaders and strong earnings from blue-chip stocks. | Full Article
Merkel rebuffs Sarkozy on euro zone solution
October 21, 2011 04:08 PM ET
BRUSSELS (Reuters) - France's push to use more European Central Bank money to fight the euro zone debt crisis ran into strong resistance from Germany and other EU partners on Friday, leaving Paris looking increasingly isolated before a crucial summit. | Full Article
GE growth meets forecasts, but margins a worry
October 21, 2011 01:48 PM ET
(Reuters) - General Electric Co reported earnings that met Wall Street expectations, but its shares slipped 1.4 percent as investors worried about declining profit margins at its energy equipment division. | Full Article
Icahn interested in Navistar, Oshkosh merger
October 21, 2011 02:56 PM ET
(Reuters) - Billionaire investor Carl Icahn wants Navistar International Corp to consider merging with rival Oshkosh Corp , though he has not yet made a formal proposal to either company, several people familiar with the situation said. | Full Article
EU/IMF approve next aid tranche for Greece: euro zone source
October 21, 2011 03:46 PM ET
BRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund have approved the payment of the next tranche of financial support to Greece, a senior euro zone source told Reuters on Friday. | Full Article
US TOP NEWS
Gaddafi, in meat locker, still divides Libya
October 21, 2011 04:20 PM ET
MISRATA, Libya (Reuters) - Muammar Gaddafi's body lay in an old meat store on Friday as arguments over a burial, and his killing after being captured, dogged efforts by Libya's new leaders to make a formal start on a new era of democracy. | Full Article
U.S. to pull out of Iraq nearly nine years after war began
October 21, 2011 03:43 PM ET
WASHINGTON (Reuters) - President Barack Obama said on Friday he would pull U.S. troops from Iraq this year, almost nine years after the U.S. invasion, after he failed to convince Iraq that several thousand troops should remain in part as a balance against neighboring Iran. | Full Article
Groupon's scaled back IPO to raise up to $540 million
October 21, 2011 01:30 PM ET
(Reuters) - Groupon Inc plans to raise as much as $540 million in an initial public offering, less than previously planned, as the daily deals website grapples with a weak equities market, executive departures and questions about its accounting and business model. | Full Article
Investors berate Murdoch, new hacking claims arise
October 21, 2011 04:19 PM ET
LOS ANGELES (Reuters) - A defiant Rupert Murdoch stood his ground at News Corp's annual meeting on Friday, fending off angry shareholders who slammed the media company's poor corporate governance in the wake of a phone hacking scandal and called for him to give up the chairman role. | Full Article
Analysis: Will Obama's foreign policy success help in 2012?
October 21, 2011 04:03 PM ET
WASHINGTON (Reuters) - President Barack Obama delivered on another foreign policy promise on Friday with plans to pull the last U.S. troops from Iraq. But in a re-election campaign all about the weak U.S. economy, he may not get much credit. | Full Article
HEALTH NEWS
Congress to probe listeria outbreak in cantaloupes
Moms who lose a baby face higher stillbirth risk
Kids' daytime wetting accidents linked to ADHD
Mobile phones don't hike cancer risk: Danish study
Pro divers are less headache-prone: study
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