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Wednesday, December 21, 2011

Business Today: TSX may open lower as ECB lending optimism fades

Reuters
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12/21/2011
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LATEST NEWS
TSX may open lower as ECB lending optimism fades
(Reuters) - Canada's main stock index was set to open lower on Wednesday as the initial enthusiasm faded about strong demand at European Central Bank's three-year tender | Full Article
Banks take 489 billion euros in 3-year ECB loans
December 21, 2011 08:12 AM ET
FRANKFURT (Reuters) - Banks took a huge 489 billion euros at the European Central Bank's first ever offering of three-year funding on Wednesday, raising hope a credit crunch can be avoided and that the money may be used to buy Italian and Spanish bonds. | Full Article
Walgreen profit down, says no Express Scripts deal
December 21, 2011 08:09 AM ET
(Reuters) - Walgreen Co posted a lower quarterly profit as the largest U.S. drugstore chain's margins were hurt by lower reimbursement rates for the prescriptions it fills, fewer flu shots and its spat with pharmacy benefits manager Express Scripts Inc . | Full Article
Oracle results shock investors, shares plunge
December 21, 2011 05:15 AM ET
(Reuters) - Oracle Corp's earnings fell short of Wall Street's forecasts for the first time in a decade as software and hardware sales sputtered, sending its shares down more than 10 percent and stoking fears a global recession will hurt tech spending. | Full Article
Mortgage applications eased last week: MBA
December 21, 2011 07:15 AM ET
NEW YORK (Reuters) - Applications for home mortgages slipped last week, led by a drop in purchase demand as low interest rates were not enough to entice home buyers, an industry group said on Wednesday. | Full Article
US TOP NEWS
Exclusive: North Korea's military to share power with Kim's heir
December 21, 2011 07:38 AM ET
BEIJING (Reuters) - North Korea will shift to collective rule from a strongman dictatorship after last week's death of Kim Jong-il, although his untested young son will be at the head of the ruling coterie, a source with close ties to Pyongyang and Beijing said. | Full Article
Insight: Boehner leadership in focus in tax cut debate
December 20, 2011 11:30 PM ET
WASHINGTON (Reuters) - In Congress' tense drama over how to extend payroll tax cuts for 160 million Americans, it may be the most intriguing subplot: whether Republican House Speaker John Boehner is losing his grip on members of his own party. | Full Article
Olympus offices, homes raided in accounting scandal
December 21, 2011 05:48 AM ET
TOKYO (Reuters) - Dozens of black-suited investigators, marching double-file, raided the office building of three small Olympus Corp subsidiaries Wednesday, one of 20 sites searched in a probe of a $1.7 billion accounting scandal that threatens the once-proud Japanese medical device maker's survival. | Full Article
China hackers breached U.S. Chamber of Commerce: report
December 21, 2011 08:09 AM ET
WASHINGTON (Reuters) - Hackers in China broke through the computer defenses of the U.S. Chamber of Commerce last year and were able to access information about its operations and its 3 million members, the Wall Street Journal reported on Wednesday. | Full Article
Iraq's Maliki tells Kurds to hand over Sunni leader
December 21, 2011 07:33 AM ET
BAGHDAD (Reuters) - Iraq's Shi'ite Prime Minister Nuri al-Maliki on Wednesday called on Kurdish authorities to hand Sunni Vice President Tareq al-Hashemi over to judicial officials to face charges his office had run death squads. | Full Article
HEALTH NEWS
Hong Kong culls chickens at market, bans trade, as H5N1 found
Insight: Pharma asks the money question earlier for new drugs
Experimental malaria vaccine shows early promise
Sleep disorders common in cops: study
California sperm donor at odds with federal regulators
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