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Monday, October 31, 2011

U.S. Top News Early Edition: Insight: Did Corzine's risk taking cripple MF Global?

Reuters
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10/31/2011
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Insight: Did Corzine's risk taking cripple MF Global?
NEW YORK (Reuters) - In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink. | Full Article
UNESCO gives Palestinians full membership
October 31, 2011 09:32 AM ET
PARIS (Reuters) - The United Nations' cultural agency decided Monday to give the Palestinians full membership of the body, a vote that will boost their bid for recognition as a state at the United Nations. | Full Article
Japan intervenes to tame soaring yen ahead of G20
October 31, 2011 07:52 AM ET
TOKYO (Reuters) - Japan sold the yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy. | Full Article
Qantas resumes flights grounded by labor dispute
October 31, 2011 08:02 AM ET
MELBOURNE/SYDNEY (Reuters) - Australia's Qantas Airways returned to the air on Monday after grounding its entire global fleet over the weekend in a bold tactic to force the government to intervene in the nation's worst labor dispute in a decade. | Full Article
Republican Cain accused of sex harassment: Politico
October 31, 2011 08:04 AM ET
WASHINGTON (Reuters) - Two women employees complained of sexually suggestive behavior by Republican presidential contender Herman Cain when he headed the National Restaurant Association in the 1990s, Politico said on Sunday. | Full Article
BUSINESS NEWS
Wall Street to open lower after yen intervention
October 31, 2011 09:19 AM ET
NEW YORK (Reuters) - Stocks were set to fall at the open on Monday after four weeks of gains, as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets. | Full Article
NY fed suspends MF Global, deal on future nears
October 31, 2011 08:21 AM ET
NEW YORK (Reuters) - The New York Fed suspended MF Global from conducting new business with the central bank on Monday and its shares were suspended, as the troubled brokerage nears a deal on its future. | Full Article
Panasonic sees $5.5 billion annual loss, worst in a decade
October 31, 2011 08:16 AM ET
TOKYO (Reuters) - Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as it cut unprofitable businesses deeper and faster than first planned, while battling a soaring yen and weak demand in the United States and Europe. | Full Article
Euro area growth to slow sharply; debt crisis key: OECD
October 31, 2011 06:18 AM ET
PARIS (Reuters) - The euro area is headed toward a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confidence in battered state finances could prompt a major contraction in developed countries, the OECD said on Monday. | Full Article
Asia faces rocky road in securing energy needs
October 31, 2011 08:45 AM ET
SINGAPORE (Reuters) - Governments in emerging Asian economies will struggle to secure their rising energy needs as rapidly swelling demand in leading consumers China and India outpaces growth in supplies, which is likely to keep oil prices over $100 a barrel. | Full Article
HEALTH NEWS
Obama to take executive action on drug shortages
Insight: Firms to charge smokers, obese more for healthcare
FDA staff say Merck's Vytorin helps kidney patients
Group calls for HIV screening of teens who have sex
Soft drink makers target children and teens: study
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