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Monday, December 19, 2011

DAI: Banks sink Wall Street, BofA below $5/share

Reuters
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12/19/2011
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LATEST NEWS
Banks sink Wall Street, BofA below $5/share
NEW YORK (Reuters) - Banks dragged the stock market lower on Monday, with losses accelerating late after Bank of America's stock price fell below | Full Article
Fed bank oversight rules expected this week: source
December 19, 2011 02:18 PM ET
WASHINGTON (Reuters) - The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest banks, a person familiar with the plan said on Monday. | Full Article
Bank of America shares close below $5
December 19, 2011 04:29 PM ET
NEW YORK (Reuters) - Shares of Bank of America Corp closed below $5 on Monday for the first time since the depths of the bear market in March 2009. | Full Article
Saab heads for scrapyard as long rescue quest fails
December 19, 2011 12:38 PM ET
TROLLHATTAN, Sweden (Reuters) - Car maker Saab ran out of room for maneuver Monday when its Dutch owner filed for bankruptcy, calling time on a nine-month battle to rescue the struggling Swedish marque. | Full Article
Exclusive: Falcone's wireless company running out of cash
December 19, 2011 04:30 PM ET
NEW YORK (Reuters) - The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement. | Full Article
US TOP NEWS
North Korea mourns dead leader, son is "Great Successor"
December 19, 2011 04:09 PM ET
SEOUL (Reuters) - North Koreans poured into the streets on Monday to mourn the death of leader Kim Jong-il and 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
Payroll tax cut extension stuck in partisan fight
December 19, 2011 03:41 PM ET
WASHINGTON (Reuters) - With a tax cut for 160 million U.S. workers set to expire in less than two weeks, Republicans and Democrats in Congress on Monday were mired in a last-ditch battle over extending it. | Full Article
Euro zone IMF loan target in danger as UK declines
December 19, 2011 04:33 PM ET
BRUSSELS/LONDON (Reuters) - Euro zone ministers agreed on Monday to boost IMF resources by 150 billion euros to ward off the debt crisis and won support for more money from EU allies, but it was unclear if the bloc would reach its 200 billion euro target after Britain bowed out. | Full Article
Tension rise as Iraq seeks Sunni VP arrest
December 19, 2011 03:26 PM ET
BAGHDAD (Reuters) - Iraqi authorities issued an arrest warrant for Sunni Muslim Vice-President Tareq al-Hashemi on Monday for suspected ties to assassinations and bombings, a decision likely to fuel sectarian tensions after the U.S. troop withdrawal. | Full Article
Gingrich star fading in Iowa, nationally
December 19, 2011 02:48 PM ET
DES MOINES, Iowa (Reuters) - Presidential nominee Newt Gingrich's status as Republican front runner is fading after weeks of attack ads from rivals and intense media exposure of his political history and personality. | Full Article
HEALTH NEWS
Supreme Court sets Obama healthcare arguments
One-third of young U.S. adults have been arrested: study
Analysis: Deficit may be biggest threat to healthcare reforms
Plan B denial could be challenged by New York suit
Cigar smokers resist possible FDA rules
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