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Monday, November 28, 2011

Business Today: Stock futures soar on Europe hopes, retail stocks gain

Reuters
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11/28/2011
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Stock futures soar on Europe hopes, retail stocks gain
NEW YORK (Reuters) - Stock index futures soared on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. | Full Article
Germany, France eye euro zone pact, markets hopeful
November 28, 2011 08:25 AM ET
BERLIN/BRUSSELS (Reuters) - Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the euro zone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain. | Full Article
Global economic recovery petering out: OECD
November 28, 2011 05:09 AM ET
PARIS (Reuters) - The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts. | Full Article
Crisis threatens EU sovereign ratings: Moody's
November 28, 2011 05:34 AM ET
(Reuters) - Moody's Investors Service warned on Monday the rapid escalation of the euro zone sovereign and banking crisis threatens the credit standing of all European government bond ratings. | Full Article
Best Buy a winner as holiday weekend sales surge
November 28, 2011 04:04 AM ET
NEW YORK (Reuters) - U.S. retailers racked up a record $52.4 billion in sales over the Thanksgiving weekend, a 16.4 percent jump from a year ago, as early hours and attractive promotions brought out more shoppers, an industry trade group said on Sunday. | Full Article
US TOP NEWS
Pakistan warns NATO attack threatens Afghanistan peace
November 28, 2011 08:33 AM ET
ISLAMABAD (Reuters) - Pakistan ratcheted up pressure on NATO on Monday over a cross-border attack that killed 24 Pakistani soldiers at the weekend, threatening to drastically reduce cooperation on peace efforts in Afghanistan. | Full Article
IMF denies in Italy aid talks
November 28, 2011 03:56 AM ET
ROME (Reuters) - Italy's prime minister faces a testing week as he seeks to shore up the country's strained public finances, with an IMF mission expected in Rome and market pressure building to a point where outside help may be needed to stem a full-scale debt emergency. | Full Article
Egypt votes in first post-Mubarak election
November 28, 2011 08:19 AM ET
CAIRO (Reuters) - Egyptians voted on Monday in their first election since a popular revolt ousted Hosni Mubarak, amid fears the generals who replaced the deposed leader would try to cling on to power. | Full Article
Syrians protest Arab sanctions "interference"
November 28, 2011 07:56 AM ET
BEIRUT (Reuters) - Tens of thousands of Syrians protested Monday in state-backed rallies against unprecedented economic sanctions imposed by the Arab League over President Bashar al-Assad's military crackdown on popular unrest. | Full Article
Obama to press EU leaders over debt crisis
November 28, 2011 01:24 AM ET
WASHINGTON (Reuters) - President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry. | Full Article
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