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Tuesday, November 8, 2011

U.S. Top News Early Edition: In abrupt turnaround, Olympus admits it hid losses

Reuters
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11/8/2011
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LATEST NEWS
In abrupt turnaround, Olympus admits it hid losses
TOKYO (Reuters) - Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. | Full Article
Italy, Greece on the brink, markets hold breath
November 08, 2011 09:07 AM ET
ROME/ATHENS (Reuters) - Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government. | Full Article
Berlusconi's top ally tells him to resign
November 08, 2011 09:22 AM ET
ROME (Reuters) - Silvio Berlusconi's closest coalition ally, Umberto Bossi, told him to resign on Tuesday in what could be a mortal blow to the Italian prime minister before a crunch vote in parliament. | Full Article
USS Cole bomb suspect finally gets his day in court
November 08, 2011 09:28 AM ET
GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Nine years after his capture and a decade after the United States first authorized military tribunals for terrorist suspects, the alleged mastermind of the deadly bombing of the USS Cole will face a judge in the Guantanamo war crimes tribunal. | Full Article
Exclusive: HP weighing sale of webOS unit
November 08, 2011 04:29 AM ET
NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said. | Full Article
BUSINESS NEWS
Wall St opens higher; Italy vote in focus
November 08, 2011 09:35 AM ET
NEW YORK (Reuters) - Stocks opened higher on Tuesday as Italian lawmakers prepared for a crucial vote on public finances that marks the latest turn in the long-simmering euro zone debt crisis. | Full Article
Toyota withdraws outlook on Thai floods, quake, yen
November 08, 2011 08:46 AM ET
TOKYO (Reuters) - Toyota Motor Corp withdrew its annual profit guidance on Tuesday as Thai floods threaten output just as it had recovered from supply shortages that battered production after the March earthquake in Japan. | Full Article
McDonald's October same-store sales rise 5.5 percent
November 08, 2011 08:50 AM ET
(Reuters) - McDonald's Corp reported a higher-than-expected rise in worldwide October sales at established restaurants, aided by a popular promotional game in the United States. | Full Article
SocGen to cut bonuses, scrap dividend after tough Q3
November 08, 2011 08:14 AM ET
PARIS (Reuters) - Societe Generale , France's second-biggest listed bank, said it would slash bonuses and scrap its 2011 dividend after a tough quarter as it scrambles to meet strict new capital requirements. | Full Article
PepsiCo taking more time to review its business
November 08, 2011 09:27 AM ET
(Reuters) - PepsiCo Inc's management and its board are extending their ongoing review of business plans for 2012 and beyond, the drink and food maker said on Tuesday. | Full Article
HEALTH NEWS
U.S. judge blocks graphic cigarette warnings
Newer birth control pills again tied to blood clots
Brain analysis can help predict psychosis: study
AstraZeneca, Targacept drug fails depression test
U.S. food lobby fighting hard to defend kid ads
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Australia imposes carbon taxes.

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