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Friday, January 6, 2012

DAI: Wall Street ends down but rises for week

Reuters
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01/6/2012
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LATEST NEWS
Wall Street ends down but rises for week
NEW YORK (Reuters) - Stocks rose in the first week of 2012, even though news that the U.S. jobless rate neared a three-year low did not spark buying interest in equities on Friday. | Full Article
Job growth quickens; unemployment near 3-year low
January 06, 2012 02:27 PM ET
WASHINGTON (Reuters) - Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam. | Full Article
MF Global's aborted fruit salad solution to capital woes
January 06, 2012 02:06 PM ET
(Reuters) - A few months before MF Global collapsed in bankruptcy, some top executives at the futures firm were talking about a plan code-named "Project Honeydew" as a way of freeing-up badly needed capital and cash. | Full Article
Investors brace for European hit on earnings
January 06, 2012 03:12 PM ET
NEW YORK (Reuters) - Investors are about to find out if the economic woes in Europe are going to deliver a deep wound to U.S. company earnings instead of the mere scratch that many expect. | Full Article
Holiday hangover means slow 2012 start for stores
January 06, 2012 03:56 PM ET
(Reuters) - Take a trip down Chicago's Michigan Avenue - known as the "Miracle Mile" for its shopping attractions - and you won't find a lot of activity a few days into the new year. | Full Article
US TOP NEWS
Exclusive: West readies oil plan in case of Iran crisis
January 06, 2012 03:49 PM ET
LONDON (Reuters) - Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats told Reuters. | Full Article
Obama, staying on attack, highlights consumer watchdog
January 06, 2012 04:03 PM ET
WASHINGTON (Reuters) - President Barack Obama, on the attack against Republicans, visited his new consumer financial protection agency chief on Friday to praise the agency's mission while urging Congress to extend a payroll tax cut through the end of the year. | Full Article
Iran plans more war games in strait as sanctions bite
January 06, 2012 03:42 PM ET
TEHRAN (Reuters) - Iran announced plans on Friday for new military exercises in the world's most important oil shipping lane, the latest in weeks of bellicose gestures towards the West as new sanctions threaten Tehran's oil exports. | Full Article
Soros says EU break-up would be catastrophic: report
January 06, 2012 02:29 PM ET
(Reuters) - A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying. | Full Article
Woodford to sue Olympus over firing, drops CEO bid
January 06, 2012 10:16 AM ET
TOKYO (Reuters) - The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family. | Full Article
HEALTH NEWS
Exclusive: EU medicines head urges tougher implant rules
PSA screening doesn't prevent cancer deaths: study
No need for routine removal of breast implants: UK
French implant boss's flippancy sparks anger
Germany advises women to have PIP implants removed
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