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Wednesday, December 21, 2011

U.S. Top News Early Edition: Exclusive: North Korea's military to share power with Kim's heir

Reuters
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12/21/2011
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Exclusive: North Korea's military to share power with Kim's heir
BEIJING (Reuters) - North Korea will shift to collective rule from a strongman dictatorship after last week's death of Kim Jong-il, although his untested young son will be at the head of the ruling coterie, a source with close ties to Pyongyang and Beijing said. | Full Article
Banks gorge on ECB loans
December 21, 2011 09:32 AM ET
FRANKFURT (Reuters) - Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies. | Full Article
Payroll tax cut in doubt with stand-off in Congress
December 21, 2011 09:00 AM ET
WASHINGTON (Reuters) - A payroll tax cut for 160 million American workers was in limbo on Wednesday with Democrats and Republicans in Congress accusing each other of bringing an extension to a dead stop. | Full Article
Insight: Boehner leadership in focus in tax cut debate
December 20, 2011 11:30 PM ET
WASHINGTON (Reuters) - In Congress' tense drama over how to extend payroll tax cuts for 160 million Americans, it may be the most intriguing subplot: whether Republican House Speaker John Boehner is losing his grip on members of his own party. | Full Article
Olympus offices, homes raided in accounting scandal
December 21, 2011 08:41 AM ET
TOKYO (Reuters) - Dozens of black-suited investigators, marching double-file, raided the office building of three small Olympus Corp subsidiaries Wednesday, one of 20 sites searched in a probe of a $1.7 billion accounting scandal that threatens the once-proud Japanese medical device maker's survival. | Full Article
BUSINESS NEWS
Wall Street set for lower open as Europe optimism fades
December 21, 2011 08:58 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a lower open on Wednesday as enthusiasm waned after strong bank demand for the European Central Bank's record funding operation and fears over the debt crisis resurfaced. | Full Article
Walgreen profit down, says no Express Scripts deal
December 21, 2011 09:20 AM ET
(Reuters) - Walgreen Co posted a lower quarterly profit as the largest U.S. drugstore chain's margins were hurt by lower reimbursement rates for the prescriptions it fills, fewer flu shots and its spat with pharmacy benefits manager Express Scripts Inc . | Full Article
Oracle results shock investors, shares plunge
December 21, 2011 05:15 AM ET
(Reuters) - Oracle Corp's earnings fell short of Wall Street's forecasts for the first time in a decade as software and hardware sales sputtered, sending its shares down more than 10 percent and stoking fears a global recession will hurt tech spending. | Full Article
Mortgage applications eased last week: MBA
December 21, 2011 07:15 AM ET
NEW YORK (Reuters) - Applications for home mortgages slipped last week, led by a drop in purchase demand as low interest rates were not enough to entice home buyers, an industry group said on Wednesday. | Full Article
Top EU court says carbon airline law valid
December 21, 2011 08:55 AM ET
LUXEMBOURG/BRUSSELS (Reuters) - Europe's highest court gave unreserved backing on Wednesday to an EU law that charges airlines for carbon emissions on flights to and from Europe, a decision likely to escalate tension with its trading partners, including the United States. | Full Article
HEALTH NEWS
Hong Kong culls chickens at market, bans trade, as H5N1 found
UK authorities see no breast implant cancer link
Insight: Pharma asks the money question earlier for new drugs
Experimental malaria vaccine shows early promise
Sleep disorders common in cops: study
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