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Thursday, December 1, 2011

U.S. Top News Early Edition: ECB hints at action if euro zone adopts fiscal pact

Reuters
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12/1/2011
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ECB hints at action if euro zone adopts fiscal pact
BRUSSELS/FRANKFURT (Reuters) - The new head of the European Central Bank signaled on Thursday it was ready to take stronger action to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone. | Full Article
November retail sales reports show mixed results
December 01, 2011 09:25 AM ET
(Reuters) - Major U.S. retailers showed a big rift between winners and losers in November, as a strong turnout on "Black Friday," the busiest shopping day of the year, encouraged some, while others did not experience the swell of buying they had hoped for. | Full Article
Jobless claims edge above 400,000
December 01, 2011 09:11 AM ET
WASHINGTON (Reuters) - New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly. | Full Article
Enraged Pakistan says NATO attack threatens war on terror
December 01, 2011 07:21 AM ET
ISLAMABAD (Reuters) - Pakistan, enraged by a NATO cross-border attack that killed 24 soldiers, could end support for the U.S.-led war on militancy if its sovereignty is violated again, the foreign minister said, warning "enough is enough." | Full Article
Britain seeks EU action on Iran as China urges calm
December 01, 2011 09:27 AM ET
BRUSSELS/TEHRAN (Reuters) - Britain urged the European Union on Thursday to tighten sanctions on Iran over its nuclear program, as China warned against "emotionally charged actions" that might aggravate a bitter row between London and Tehran. | Full Article
BUSINESS NEWS
Wall Street edges down after big run
December 01, 2011 09:38 AM ET
NEW YORK (Reuters) - Wall Street stocks drifted lower at the open on Thursday as investors took a breather after the S&P 500 posted its best gains since August in a powerful rally, and looked ahead to closely watched employment data on Friday. | Full Article
More charges coming in insider trading probe: sources
December 01, 2011 08:10 AM ET
(Reuters) - A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation said. | Full Article
AT&T, Deutsche Telekom "battling" for merger: sources
December 01, 2011 09:37 AM ET
LONDON (Reuters) - AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday. | Full Article
Kroger raises 2011 profit forecast
December 01, 2011 09:10 AM ET
(Reuters) - Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores. | Full Article
Fed's Bullard: No single fix for European crisis
December 01, 2011 09:36 AM ET
WASHINGTON (Reuters) - St. Louis Fed President James Bullard on Thursday said no there will be no single fix by government or central bank action for the European sovereign debt crisis. | Full Article
HEALTH NEWS
Insight: Diabetes breakthrough stalled in safety debate
Children with HIV in Asia suffer resistance to AIDS drugs
Germany offers therapy to child sex abuse victims
Medicare to cover obesity counseling, screening
Pfizer aims to keep one-third of Lipitor pie
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