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Monday, December 19, 2011

Business Today: Futures rise, focus on North Korea and Europe

Reuters
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12/19/2011
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LATEST NEWS
Futures rise, focus on North Korea and Europe
NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street's steep decline last week, but the death of North Korea's leader over the weekend and a warning from Fitch about possible credit downgrades kept investors jittery. | Full Article
Saab heads for scrapyard as long rescue quest fails
December 19, 2011 08:29 AM ET
TROLLHATTAN, Sweden (Reuters) - Car maker Saab ran out of room for maneuver on Monday when its Dutch owner filed for bankruptcy, calling time on a nine-month battle to rescue the struggling Swedish marquee. | Full Article
Eurozone to pursue IMF lending plan
December 19, 2011 08:32 AM ET
BRUSSELS (Reuters) - European finance ministers will pursue plans on Monday to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis. | Full Article
Markets may play jilted lover in euro zone drama
December 19, 2011 04:48 AM ET
LONDON (Reuters) - The euro zone debt crisis may be as much about the heart as it is about the head -- like a jilted lover, markets are just finding it hard to trust again. | Full Article
Samsung expands patent row with Apple in Germany
December 18, 2011 10:59 PM ET
SEOUL (Reuters) - Samsung Electronics has filed new claims in its patent war with Apple Inc over alleged patent infringements in Germany, a spokesman for the company said on Monday. | Full Article
US TOP NEWS
North Korea mourns dead leader, son hailed as "Great Successor"
December 19, 2011 08:27 AM ET
SEOUL (Reuters) - North Koreans poured into the streets on Monday to mourn the death of iron leader Kim Jong-il as state media hailed his untested son as the "Great Successor" of the reclusive state whose atomic weapons ambitions are a major threat to the region. | Full Article
Fate of payroll tax break uncertain
December 19, 2011 07:02 AM ET
WASHINGTON (Reuters) - A tax break for 160 million U.S. workers was in doubt on Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend. | Full Article
Exclusive: Secret U.S., Taliban talks reach turning point
December 19, 2011 08:15 AM ET
WASHINGTON (Reuters) - After 10 months of secret dialogue with Afghanistan's Taliban insurgents, senior U.S. officials say the talks have reached a critical juncture and they will soon know whether a breakthrough is possible, leading to peace talks whose ultimate goal is to end the Afghan war. | Full Article
Syria signs deal to let in Arab monitors
December 19, 2011 08:24 AM ET
CAIRO (Reuters) - Syria agreed on Monday to let Arab League observers into the country to monitor implementation of a deal it agreed last month to pull troops from protest-hit towns, free political prisoners and start talking to dissidents. | Full Article
Insight: CME's Duffy vs MF Global's Corzine: A question of trust
December 18, 2011 06:33 PM ET
WASHINGTON (Reuters) - The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. | Full Article
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