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Friday, December 2, 2011

DAI: Wall St. caps stellar week on drop in jobless rate

Reuters
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12/2/2011
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LATEST NEWS
Wall St. caps stellar week on drop in jobless rate
NEW YORK (Reuters) - Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low. | Full Article
U.S. jobless rate drops to 2-1/2 year low
December 02, 2011 01:59 PM ET
WASHINGTON (Reuters) - The U.S. unemployment rate tumbled to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant acceleration in the labor market recovery. | Full Article
Zynga seeks lower IPO value in tough market
December 02, 2011 03:08 PM ET
(Reuters)- Zynga Inc is seeking a more modest valuation than Wall Street expected for its initial public offering, hoping to attract investors after a series of Internet stocks fell below their IPO price in recent weeks. | Full Article
Congress subpoenas Corzine on MF Global collapse
December 02, 2011 01:53 PM ET
WASHINGTON (Reuters) - A U.S. House committee voted to subpoena Jon Corzine to testify before Congress about the collapse of MF Global, after the former CEO refused an earlier invitation. | Full Article
AA woes menace Dallas, Miami, Chicago airports: Fitch
December 02, 2011 02:52 PM ET
WASHINGTON (Reuters) - The finances of three major U.S. airports could weaken from the bankruptcy filings of American Airlines and its parent company, Fitch Ratings said on Friday as it revised rating outlooks lower on some of their debt from negative to stable. | Full Article
US TOP NEWS
Germany's Merkel fights for euro, Cameron for UK
December 02, 2011 03:54 PM ET
PARIS/BERLIN (Reuters) - British Prime Minister David Cameron threatened on Friday to obstruct a Franco-German drive for swift change to the European Union's treaty, a sign of the difficulty leaders will face transforming Europe to save the euro. | Full Article
Obama promises big push on payroll tax cut
December 02, 2011 02:01 PM ET
WASHINGTON (Reuters) - President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for U.S. workers, saying lawmakers must not leave for their holiday break without taking action on it. | Full Article
GE, Rolls drop push to build F-35 engines
December 02, 2011 04:08 PM ET
(Reuters) - General Electric Co and Rolls Royce dropped their drive to build an alternate engine for Lockheed Martin Corp's F-35 joint strike fighter, giving up on what they had said could be a $100 billion market. | Full Article
Over 20 arrested at U.S. London embassy protest
December 02, 2011 10:40 AM ET
LONDON (Reuters) - Police said they had made more than 20 arrests at a demonstration outside the U.S. embassy in London on Friday. | Full Article
U.S. hands main war base, Saddam palaces back to Iraq
December 02, 2011 01:30 PM ET
BAGHDAD (Reuters) - The U.S. military passed a milestone in its pending withdrawal from Iraq on Friday, vacating its vast main base near Baghdad airport that once housed the American war operations hub and hosted a captive Saddam Hussein before his execution. | Full Article
HEALTH NEWS
Apple's Siri irks abortion rights advocates
Obama raises U.S. goal on fighting AIDS
Chinese herb mix may cool hot flashes a bit
Obese people use more meds: study
Insight: Diabetes breakthrough stalled in safety debate
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