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Tuesday, January 10, 2012

DAI: Wall Street closes higher, led by materials

Reuters
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01/10/2012
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LATEST NEWS
Wall Street closes higher, led by materials
NEW YORK (Reuters) - Stocks climbed to a five-month high on Tuesday, led by materials stocks after an upbeat forecast by aluminum company Alcoa Inc and strong gains by bank shares. | Full Article
Hedge funds lock horns with IMF on Greek debt
January 10, 2012 11:42 AM ET
LONDON (Reuters) - Hedge funds are taking on the powerful International Monetary Fund over its plan to slash Greece's towering debt burden as time runs out on the talks that could sway the future of Europe's single currency. | Full Article
Ford sees Asia region 2011 loss after Thai floods
January 10, 2012 03:23 PM ET
DETROIT (Reuters) - Ford Motor Co will report a loss in the Asia Pacific region in 2011 because of the impact of last year's floods in Thailand, the company said on Tuesday. | Full Article
Cargill reports worst quarter since 2001
January 10, 2012 04:07 PM ET
(Reuters) - U.S. agribusiness giant Cargill Inc reported a third consecutive slump in quarterly earnings on Tuesday, as one of the world's largest commodity traders took a beating from sugar losses and volatility in financial markets. | Full Article
Wall Street banks curb economic growth forecasts
January 10, 2012 02:21 PM ET
WASHINGTON (Reuters) - Wall Street banks lowered their outlook for U.S. economic growth due to concerns over the European debt crisis, oil prices, regulatory uncertainties and "continued disarray in Washington," according to a financial industry survey released on Tuesday. | Full Article
US TOP NEWS
Race for 2nd as Romney eyes New Hampshire win
January 10, 2012 04:35 PM ET
MANCHESTER, New Hampshire (Reuters) - With Mitt Romney poised to stride toward the Republican presidential nomination by capturing New Hampshire on Tuesday, all eyes were on whether he could win big enough to convince his party he is the best candidate to defeat Democrat Barack Obama. | Full Article
Olympus sues execs over scandal, shares surge
January 10, 2012 06:32 AM ET
TOKYO (Reuters) - Japan's disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation's worst accounting scandals. | Full Article
Romney leads Republicans, narrows gap with Obama: poll
January 10, 2012 04:36 PM ET
WASHINGTON (Reuters) - U.S. presidential hopeful Mitt Romney has sailed farther ahead of rival Republican candidates nationally and narrowed President Barack Obama's lead in the White House race, according to a Reuters/Ipsos poll on Tuesday. | Full Article
Forex trade emails cast doubt on SNB's Hildebrand
January 10, 2012 02:49 PM ET
ZURICH (Reuters) - Switzerland's central bank was seeking a new leader on Tuesday to contain the strength of the country's safe-haven franc after apparently forcing out Chairman Philipp Hildebrand when emails failed to clear him of involvement in a currency trade by his wife. | Full Article
EU ministers plan Iran oil embargo, IAEA team to visit
January 10, 2012 03:13 PM ET
TEHRAN/VIENNA (Reuters) - Europe and Japan moved ahead Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives. | Full Article
HEALTH NEWS
Exclusive: The troubled history of PIP's implants man in America
Insight: New DNA reader to bring promise
FDA tests threaten Brazil orange juice imports
Babies' cries get a speedy response
Most milk in India contaminated or diluted
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