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Thursday, November 3, 2011

U.S. Top News Early Edition: Greek PM on brink as world tells Europe to fix crisis

Reuters
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11/3/2011
News Good Morning
LATEST NEWS
Greek PM on brink as world tells Europe to fix crisis
ATHENS/CANNES, France (Reuters) - Greece's government was on the brink of collapse on Thursday, casting doubt on plans for a referendum on staying in the euro, as European leaders talked for the first time of a possible Greek exit to preserve the single currency. | Full Article
Jobless claims fall, labor market slowly improves
November 03, 2011 09:15 AM ET
WASHINGTON (Reuters) - New U.S. claims for unemployment benefits fell below 400,000 last week for the first time in five weeks, suggesting a modest improvement in the still-moribund labor market. | Full Article
Wall St up on ECB rate cut
November 03, 2011 09:36 AM ET
NEW YORK (Reuters) - Stocks rose 1 percent at the open on Thursday after the European Central Bank surprised markets by cutting interest rates and as a Greek referendum on its euro zone membership was put into question. | Full Article
Greek government on brink of collapse
November 03, 2011 09:25 AM ET
ATHENS (Reuters) - The Greek government teetered on the brink of collapse on Thursday over plans for a referendum on a euro zone bailout with turmoil in the ruling party casting grave doubt on whether Prime Minister George Papandreou can survive a confidence vote. | Full Article
ECB cuts rates in surprise move
November 03, 2011 09:13 AM ET
FRANKFURT (Reuters) - The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. | Full Article
BUSINESS NEWS
SEC probes MF Global's statements on European bets: report
November 03, 2011 02:57 AM ET
(Reuters) - The Securities and Exchange Commission (SEC) has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter. | Full Article
BNP cuts Italy exposure as Greece hits Q3
November 03, 2011 07:07 AM ET
PARIS (Reuters) - France's biggest listed bank BNP Paribas slashed its exposure to Greece, Italy and Spain by more than 12 billion euros ($16.6 billion) in a bid to protect its balance sheet as the euro zone debt crisis threatens to deepen. | Full Article
CVS Caremark's higher profit tops expectations
November 03, 2011 09:08 AM ET
(Reuters) - CVS Caremark Corp posted a higher quarterly profit on Thursday as business improved at its pharmacy benefits management unit, and said this year's profit should come in toward the higher end of its prior forecast. | Full Article
Lingering anxiety curbs chain store gains
November 03, 2011 09:29 AM ET
(Reuters) - Many top U.S. store chains reported disappointing October sales on Thursday, showing that consumers up and down the income spectrum are still anxious about the state of the economy as they begin their holiday shopping season. | Full Article
GlaxoSmithKline settles U.S. drug rows for $3 billion
November 03, 2011 09:01 AM ET
LONDON (Reuters) - GlaxoSmithKline Plc has agreed in principle to settle several long-standing disputes with the U.S. government over the way it marketed and developed drugs, at a cost of $3 billion, which is covered by existing provisions. | Full Article
HEALTH NEWS
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