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Wednesday, November 23, 2011

Before the Bell: Stock futures point to more losses on global concerns

Reuters
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11/23/2011
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LATEST NEWS
Stock futures point to more losses on global concerns
NEW YORK (Reuters) - Stock index futures were lower on Wednesday as worries over Europe once again weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses. | Full Article
Germany and France clash on ECB crisis role
November 23, 2011 07:53 AM ET
BERLIN (Reuters) - Germany and France clashed on Wednesday over whether the ECB should take bolder steps to stem the euro zone debt crisis, with Chancellor Angela Merkel issuing one of her starkest warnings yet against fiddling with the central bank's strict inflation-fighting mandate. | Full Article
Deere earnings rise 46 percent, beat estimates
November 23, 2011 07:30 AM ET
(Reuters) - Deere & Co , reported a 46 percent increase in fiscal fourth-quarter profit on Wednesday due to continued strong demand for farm equipment, and the company said it "expects substantial growth" in 2012. | Full Article
Nokia network joint venture to cut 17,000 jobs
November 23, 2011 07:20 AM ET
HELSINKI (Reuters) - Nokia Oyj said on Wednesday its network gear joint venture Nokia Siemens Networks aims to cut annual operating costs by around 1 billion euros, including slashing some 17,000 jobs. | Full Article
Mortgage purchase demand rises: MBA
November 23, 2011 07:37 AM ET
NEW YORK (Reuters) - Purchase applications for home mortgages rebounded last week, but demand for refinancing sagged for a second week in a row, an industry group said on Wednesday. | Full Article
US TOP NEWS
Republicans bash Pakistan in debate
November 23, 2011 05:34 AM ET
WASHINGTON (Reuters) - The Republican presidential hopefuls criticized U.S. policy toward Pakistan and called for placing sanctions on Iran's central bank in a lively and substantive foreign policy debate on Tuesday. | Full Article
China factory sector shrinks most in 32 months
November 23, 2011 05:20 AM ET
BEIJING (Reuters) - China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey showed, reviving worries that China may be slipping toward a hard landing and fuelling fears of a global recession. | Full Article
Egypt protesters battle on to end army rule
November 23, 2011 06:57 AM ET
CAIRO (Reuters) - Street clashes rumbled on in Cairo on Wednesday as protesters derided a deal struck between Egypt's ruling generals and mostly Islamist parties for a faster transfer to civilian rule. | Full Article
Pakistan names "dedicated democrat" as U.S. envoy
November 23, 2011 07:52 AM ET
ISLAMABAD (Reuters) - Pakistan appointed a former information minister and human rights campaigner as its ambassador to the United States Wednesday, moving quickly to fill a post left vacant after tension between the civilian government and military. | Full Article
Olympus ex-CEO says Tokyo police can get to truth behind scandal
November 23, 2011 07:52 AM ET
NARITA, Japan (Reuters) - Former Olympus Corp CEO Michael Woodford said on Wednesday that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as speculation mounts of possible links to organized crime. | Full Article
HEALTH NEWS
Salt wars: New study says a dash or two is OK
Costly U.S. health system delivers uneven care: OECD
Merck to pay $950 million to settle U.S. Vioxx charge
Cholesterol drugs safe, even after a decade of use
Antipsychotic drugs tied to diabetes risk in kids
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