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Monday, November 7, 2011

DAI: Wall Street edges up in choppy day, swayed by Europe

Reuters
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11/7/2011
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Wall Street edges up in choppy day, swayed by Europe
NEW YORK (Reuters) - Stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe. | Full Article
Euro zone governments rush to placate bond markets
November 07, 2011 03:54 PM ET
ATHENS/ROME (Reuters) - Italy overtook Greece as the prime threat to the stability of the euro zone on Monday as governments sought to placate frantic bond markets and halt accelerating financial contagion. | Full Article
MF Global's Europe clients stuck, U.S. breathes easier
November 07, 2011 04:12 PM ET
NEW YORK/LONDON (Reuters) - European clients of failed brokerage MF Global on Monday grew increasingly frustrated at the slow transfer to new brokers a week after filing for bankruptcy protection, while U.S. traders saw limited disruption from margin calls after exchanges relaxed collateral rules. | Full Article
Jefferies cuts certain Europe positions by half
November 07, 2011 12:37 PM ET
(Reuters) - Jefferies Group Inc the mid-sized investment bank trying to distance itself from bankrupt MF Global Holdings Ltd , said it reduced by half the gross positions in sovereign securities of certain European countries it had on Friday. | Full Article
Failed BP deal renews pressure on CEO Dudley
November 07, 2011 10:54 AM ET
LONDON (Reuters) - The collapse of BP's planned sale of a $7 billion stake in an Argentinean unit is Chief Executive Bob Dudley's second failed multi-billion dollar deal this year and has renewed investor concerns about his claimed turnaround of the group. | Full Article
US TOP NEWS
Ex-central banker frontrunner to become Greek PM
November 07, 2011 04:09 PM ET
ATHENS (Reuters) - A former deputy head of the European Central Bank emerged on Monday as frontrunner to become Greek prime minister, as party leaders bargained over who will lead a "100 day coalition" to push through a bailout before the nation runs out of money. | Full Article
Berlusconi plays last cards, denies will resign
November 07, 2011 04:30 PM ET
ROME (Reuters) - Prime Minister Silvio Berlusconi defied huge pressure to resign on Monday, desperately playing his last cards to save his crumbling government as fears over Italy's instability hit markets across Europe. | Full Article
Michael Jackson doctor guilty of manslaughter
November 07, 2011 04:31 PM ET
LOS ANGELES (Reuters) - Michael Jackson's personal doctor was found guilty on Monday of involuntary manslaughter in the singer's death following a six-week trial that captivated Jackson fans around the world. | Full Article
Insight: Has Iran ended Israel's Begin Doctrine?
November 07, 2011 10:20 AM ET
JERUSALEM (Reuters) - Menachem Begin did not pull his punches. In 1981, as work neared completion on an Iraqi nuclear reactor that Israel believed would produce plutonium for warheads, the Israeli prime minister dispatched eight F-16 bombers to destroy the plant. Begin later said that the raid was proof his country would "under no circumstances allow the enemy to develop weapons of mass-destruction against our people". | Full Article
Inside Room 200, home of the "super committee"
November 07, 2011 01:00 PM ET
WASHINGTON (Reuters) - Deep beneath the Capitol is a red-carpeted room that recently reverberated to the sound of Democrats and Republicans singing together, and then to their angry exchanges over how to fix the U.S. budget. | Full Article
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