DAI: Wall Street ends 5-day rally on renewed concerns about Europe

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	12/28/2011
Good Evening LATEST NEWS Wall Street ends 5-day rally on renewed concerns about Europe NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Wednesday after a hefty year-end rally and the S&P 500 erased gains for the year on renewed concerns about the euro zone's financial health. | Full Article Retail sales resilient in final holiday stretch December 28, 2011 03:03 PM ET (Reuters) - Retail sales look poised for a solid finish to the holiday season as consumers hit stores and went online to snap up last-minute gifts and deals, according to data released on Wednesday. | Full Article Whistleblower documents illuminate case against BNY Mellon December 28, 2011 01:20 PM ET NEW YORK (Reuters) - Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Mellon Corp charged pension funds for currency exchange, provide a rare window into how a bank insider aided a lawsuit against the bank. | Full Article Italy short-term debt costs halve at auction December 28, 2011 12:24 PM ET MILAN (Reuters) - Italy's short-term debt costs halved at auction Wednesday as a new austerity package and an injection of cheap long-term money from the European Central Bank won Rome some respite in thin year-end markets. | Full Article Deutsche Boerse, NYSE extend merger deadline to sway Europe December 28, 2011 08:23 AM ET LONDON (Reuters) - Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince European regulators to back the $9 billion deal. | Full Article US TOP NEWS Snow and tears mark funeral for North Korean leader December 28, 2011 02:46 PM ET SEOUL (Reuters) - The world watched anxiously on Wednesday as North Korea staged a huge funeral in the capital, Pyongyang, for former leader Kim Jong-il, searching for signs of what to expect from the isolated nation that may be close to attaining nuclear weapons capacity. | Full Article Obama taps economist, banker as Fed governors December 27, 2011 07:43 PM ET HONOLULU/WASHINGTON (Reuters) - President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors. | Full Article Analysis: China needs new policy course as capital tide turns December 28, 2011 08:11 AM ET BEIJING (Reuters) - China's economy has surfed for years on a crest of hefty capital inflows, but the tide that brought gains in money supply is turning as global growth slows. | Full Article U.S. Fifth Fleet says won't allow Hormuz disruption December 28, 2011 12:12 PM ET TEHRAN/DUBAI (Reuters) - The U.S. Fifth Fleet said on Wednesday it would not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the world's most important oil route. | Full Article Arab monitors face crowds, blasts in second Syria tour December 28, 2011 04:23 PM ET BEIRUT, Dec 28, Reuters - - Arab League monitors in Syria faced angry crowds, gunfire and explosions during their second visit to Homs, the heart of a nine-month revolt against President Bashar al-Assad, online videos appeared to show on Wednesday. | Full Article HEALTH NEWS Mead Johnson confirms FDA visits in Enfamil probe Parents show modest gains after smoking programs Exercise doesn't prevent pregnancy-related diabetes FDA warns docs on wart remover and eye salve mix-ups Red meat lovers have more kidney cancer RELATED VIDEO Worst customer satisfaction websites Trading at Noon: Wall St. falls on 2012 outlook concerns Morning Briefing: North Korea mourns Kim, Mubarak trial resumes A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Venezuela's Chavez: did U.S. give Latin American leaders cancer? Full Article For the not-so-serious drinker: Marshmallow vodka Now or never for workers as "Elvis" the croc strikes again Whale sperm, orgasmic feet top 2011 bad science list Crime scene cleanup ad lifts Handel's Messiah Stressed Chinese fight back - with pillows - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend