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Friday, December 2, 2011

U.S. Top News Early Edition: Merkel says debt crisis will take years to solve

Reuters
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12/2/2011
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Merkel says debt crisis will take years to solve
BERLIN/PARIS (Reuters) - German Chancellor Angela Merkel called on Friday for rapid EU treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard "marathon" to restore lost credibility. | Full Article
Jobless rate drops to 8.6 percent, hiring picks up
December 02, 2011 09:15 AM ET
WASHINGTON (Reuters) - The unemployment rate fell to a 2-1/2 year low of 8.6 percent in November and companies stepped up hiring, further evidence the economic recovery was gaining momentum. | Full Article
Zynga IPO values company as high as $9.04 billion
December 02, 2011 08:38 AM ET
(Reuters)- Zynga Inc plans to sell an 11.1 percent stake in a scaled-back initial public offering that would value the Facebook game maker at as much as $9 billion on a fully diluted basis. | Full Article
After NATO strike, Pakistan adjusts rules of engagement
December 02, 2011 07:32 AM ET
ISLAMABAD (Reuters) - Pakistan's commanders in the wild Afghan border region can return fire if attacked without waiting for permission, the army chief said, a change in rules of engagement that could stoke tension after Saturday's NATO strike killed 24 Pakistani troops. | Full Article
Myanmar's Suu Kyi praises U.S. engagement
December 02, 2011 05:39 AM ET
YANGON (Reuters) - Pro-democracy leader Aung San Suu Kyi welcomed on Friday renewed U.S. engagement with Myanmar, saying she hoped it would set her long-isolated country on the road to democracy. | Full Article
BUSINESS NEWS
Wall Street rises on jobs, Europe
December 02, 2011 09:37 AM ET
NEW YORK (Reuters) - Wall Street stocks rose on Friday after data showed the U.S. jobless rate dropped to a 2-1/2 year low and as policymakers again appeared to move a step closer to tackling Europe's debt crisis. | Full Article
Insight: Tables turned as SEC watchdog comes under attack
December 02, 2011 09:23 AM ET
WASHINGTON (Reuters) - David Kotz, the top watchdog of the Securities and Exchange Commission, is facing mounting criticism over some of the investigative techniques that have won him plaudits on Capitol Hill. | Full Article
Verizon to pay $3.6 billion for cable spectrum
December 02, 2011 09:04 AM ET
NEW YORK (Reuters) - Verizon Wireless agreed to pay $3.6 billion to buy wireless airwaves from a venture of cable companies Comcast Corp, Time Warner Cable Inc and privately held Bright House Networks. | Full Article
Fiscal deficits hurt Fed's efforts on economy: Fisher
December 02, 2011 09:36 AM ET
DALLAS (Reuters) - Federal deficits are complicating efforts by the Federal Reserve to help the economy, but using the central bank as a printing press to solve the problem "is not an option," a top Fed official said on Friday. | Full Article
RIM won't meet targets after PlayBook charge
December 02, 2011 08:43 AM ET
TORONTO (Reuters) - Research in Motion warned on Friday it would fall short of its financial targets after taking a huge charge to write down the value of its PlayBook tablet, and the BlackBerry maker's shares tumbled. | Full Article
HEALTH NEWS
Obama raises U.S. goal on fighting AIDS
Insight: Diabetes breakthrough stalled in safety debate
Donors of bone marrow can be paid, court rules
Apple's Siri irks abortion rights advocates
Walgreen, others sue Pfizer over depression drug
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