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Friday, November 25, 2011

DAI: Stocks suffer worst week in 2 months on Europe woes

Reuters
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11/25/2011
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LATEST NEWS
Stocks suffer worst week in 2 months on Europe woes
NEW YORK (Reuters) - Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets. | Full Article
Black Friday draws crowds but spending in doubt
November 25, 2011 04:28 PM ET
(Reuters) - Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season. | Full Article
Bond market hammers Italy, Spain ponders outside help
November 25, 2011 04:37 PM ET
ROME/MADRID (Reuters) - Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, piling pressure on the newly installed government of Mario Monti at the end of a week in which the euro zone crisis tainted even safe haven Germany. | Full Article
S&P downgrades Belgium to AA on funding pressures
November 25, 2011 02:55 PM ET
NEW YORK (Reuters) - Standard & Poor's downgraded Belgium's credit rating to AA from AA-plus on Friday, saying funding and market risk pressures are raising the chances the country's financial sector will need more support. | Full Article
Exclusive: Euro zone may drop bondholder losses from ESM bailout
November 25, 2011 04:08 PM ET
BRUSSELS (Reuters) - Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday. | Full Article
US TOP NEWS
Thousands rally in Egypt on "last chance Friday"
November 25, 2011 03:29 PM ET
CAIRO (Reuters) - Tens of thousands of Egyptians demanding an end to military rule packed Cairo's Tahrir square on Friday in the biggest turnout of a week of protests and violence that has killed 41 people. | Full Article
Ex-Olympus CEO says willing but not begging to return
November 25, 2011 10:30 AM ET
TOKYO (Reuters) - The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't "begging" to return and clean up the mess. | Full Article
Global supermarkets wary of fine print on India invite
November 25, 2011 09:16 AM ET
NEW DELHI (Reuters) - Global supermarket chains welcomed a long-awaited invitation from India to invest in the country's $450 billion retail market, but they fear the small print may keep a lid on investment in the short term. | Full Article
More bloodshed in Syria despite Arab deadline
November 25, 2011 02:57 PM ET
BEIRUT (Reuters) - The Syrian government ignored Arab powers' moves to halt its crackdown on a pro-democracy uprising on Friday and more opposition supporters and military personnel were killed in unrelenting violence. | Full Article
Analysis: Sprint network upgrade may curb unlimited data
November 25, 2011 04:35 PM ET
NEW YORK (Reuters) - Sprint Nextel may be forced to abandon the biggest advantage it has over its rivals - unlimited data services for a flat fee - because of heavy data users and a shortage of wireless airwaves. | Full Article
HEALTH NEWS
Doctor brain drain costs Africa $2 billion
Aspirin not worth risks for healthy women: study
FDA accepts marketing application of Amarin's heart
Migraines may raise depression risk: study
Moderate drinking tied to lower diabetes risk
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