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Tuesday, December 6, 2011

U.S. Top News Early Edition: Insight: Conflicting visions at core of euro zone crisis

Reuters
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12/6/2011
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LATEST NEWS
Insight: Conflicting visions at core of euro zone crisis
Since the inception of the euro, France and Germany have pursued divergent visions of European economic and monetary union. In two decades, the French have become a little more German, the Germans a little more French. But the gulf remains. | Full Article
S&P downgrade threat a clarion call for euro reform
December 06, 2011 09:23 AM ET
PARIS/BERLIN (Reuters) - A threat by Standard & Poors to slash credit ratings across the euro zone has sounded a clarion call, which could help Nicolas Sarkozy and Angela Merkel force through a change to the European Union treaty at a summit this week. | Full Article
Legal action urged in damning Olympus report
December 06, 2011 09:18 AM ET
TOKYO (Reuters) - An independent panel issued a damning report on a $1.7 billion accounting scandal at Japan's disgraced Olympus Corp on Tuesday, urging legal action against the executives responsible for the cover-up and the replacement of other board members who knew. | Full Article
Wall Street opens flat on Europe caution
December 06, 2011 09:37 AM ET
NEW YORK (Reuters) - Stocks opened little changed on Tuesday as investors continued to cautiously view the ongoing sovereign debt crisis in Europe. | Full Article
Blasts across Afghanistan target Shi'ites, 59 dead
December 06, 2011 08:48 AM ET
KABUL (Reuters) - A suicide attack killed dozens of Shi'ite Muslims at a crowded Kabul shrine on Tuesday, and four others died in a smaller blast in a key northern city, in the worst sectarian violence Afghanistan has seen since the fall of the Taliban. | Full Article
BUSINESS NEWS
S&P says EFSF could be downgraded
December 06, 2011 09:10 AM ET
(Reuters) - Standard & Poor's said on Tuesday it is considering downgrading the European Financial Stability Facility, the euro zone's bailout fund that is financed by member governments, after saying it could downgrade the majority of euro zone nations on Monday. | Full Article
Icahn goes hostile with Commercial Metals bid
December 06, 2011 09:15 AM ET
(Reuters) - Billionaire investor Carl Icahn went hostile with his bid to buy Commercial Metals , a day after the metals recycler rejected his $1.73 billion offer. | Full Article
American Express: Retailers optimistic so far
December 06, 2011 09:32 AM ET
NEW YORK (Reuters) - Retailers are generally optimistic about their holiday performance so far, although shaky economic conditions could change things quickly, the chief executive officer of American Express Co said on Tuesday. | Full Article
BofA Merrill unit in $315 million mortgage settlement
December 06, 2011 08:51 AM ET
(Reuters) - Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit. | Full Article
Home prices fall in Oct for 3rd month: CoreLogic
December 06, 2011 09:05 AM ET
NEW YORK (Reuters) - Home prices fell in October for the third month in a row with growth in the beleaguered sector expected to remain flat for years to come, data analysis firm CoreLogic Inc said on Tuesday. | Full Article
HEALTH NEWS
Analysis: Court tests liability of healthcare executives
AIDS group seeks Los Angeles referendum on porn star condom use
Chocolate helps you grow? EU sifts the evidence
Imperial Tobacco challenges Australia plain packaging
Sanofi announces positive results for diabetes drug
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