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Tuesday, December 13, 2011

DAI: Wall Street closes lower on Fed disappointment

Reuters
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12/13/2011
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LATEST NEWS
Wall Street closes lower on Fed disappointment
NEW YORK (Reuters) - Stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis. | Full Article
Fed sees risks from Europe
December 13, 2011 04:00 PM ET
WASHINGTON (Reuters) - The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market. | Full Article
Exclusive: Steve Cohen calls insider trading rules "vague"
December 13, 2011 02:23 PM ET
NEW YORK (Reuters) - Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading "very vague" and said sometimes it's a "judgment call" as to whether a tidbit about a public company is inside information. | Full Article
Retail sales growth weak in November
December 13, 2011 02:32 PM ET
WASHINGTON (Reuters) - Retail sales grew at their slowest pace in five months in November, tempering expectations for a strong holiday shopping season. | Full Article
Greek debt swap talks make progress, no deal yet
December 13, 2011 03:03 PM ET
ATHENS (Reuters) - A deal to restructure Greek bonds could see banks rank on an equal footing with official euro zone lenders to the country under a plan being discussed, one of the lead negotiators said on Tuesday. | Full Article
US TOP NEWS
Corzine amends comments about MF fund transfers
December 13, 2011 02:43 PM ET
WASHINGTON (Reuters) - Former MF Global chief Jon Corzine corrected his earlier statements about the hundreds of millions of dollars in missing customer money, telling lawmakers on Tuesday there was no way to confuse anything he said as an authorization to raid those funds. | Full Article
Syria death toll hits 5,000 as insurgency spreads
December 13, 2011 03:04 PM ET
AMMAN (Reuters) - Security forces shot dead 17 people in Syria on Tuesday and rebels killed seven police in an ambush, activists said, after the U.N. human rights chief put the death toll from nine months of protest against President Bashar al-Assad at 5,000. | Full Article
Lawmakers in showdown over payroll tax cuts
December 13, 2011 03:56 PM ET
WASHINGTON (Reuters) - Republican and Democratic lawmakers are locked in an end-of-year fight that threatens a government shutdown, an effective tax hike for 160 million Americans and the loss of benefits for millions of unemployed. | Full Article
Spending bill in jeopardy as lawmakers bicker
December 13, 2011 01:49 PM ET
WASHINGTON (Reuters) - A bill that would keep the U.S. government operating beyond the weekend appeared in trouble on Tuesday as lawmakers bickered over whether they had resolved policy issues such as abortion funding and travel to Cuba. | Full Article
EU, without Britain, moves towards fiscal deal
December 13, 2011 02:52 PM ET
STRASBOURG, France (Reuters) - Up to 26 European Union countries will finalize a pact to enforce budget discipline more strictly in the euro zone by March, a top official said on Tuesday, as the bloc tries to move quickly to rebuild confidence but without Britain's backing. | Full Article
HEALTH NEWS
Reality check: States tough on abortion face legal costs
State Medicaid spending soars
Safety board proposes ban on cell use while driving
Experimental diet drug keeps weight off for 2 years
A little reward might get kids to eat veggies
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