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Friday, January 13, 2012

U.S. Top News Early Edition: JPMorgan profit falls, but sees hope in economy

Reuters
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01/13/2012
News Good Morning
LATEST NEWS
JPMorgan profit falls, but sees hope in economy
(Reuters) - JPMorgan Chase & Co's fourth-quarter profit fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making, dragging down shares of the major U.S. banks. | Full Article
Exclusive: TPG willing to invest $1 billion in Olympus
January 13, 2012 08:12 AM ET
TOKYO (Reuters) - Private equity firm TPG Capital is willing to invest about $1 billion in Japan's Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG's thinking said. | Full Article
Italy bond auction fails to match Spanish success
January 13, 2012 08:20 AM ET
MILAN (Reuters) - Italy's three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months. | Full Article
Taliban say Marine tape won't hurt Afghanistan talks
January 13, 2012 09:05 AM ET
KABUL/WASHINGTON (Reuters) - A video showing what appears to be American forces urinating on dead Taliban fighters prompted anger in Afghanistan and promises of a U.S. investigation on Thursday but the insurgent group said it would not harm nascent efforts to broker peace talks. | Full Article
Tea Party may get rebuffed in tax cut showdown
January 13, 2012 07:58 AM ET
WASHINGTON (Reuters) - House Speaker John Boehner, hoping to spare fellow Republicans a second embarrassing defeat over payroll tax cuts, is prepared to navigate around rebellious Tea Party-aligned lawmakers to get a deal, according to congressional aides. | Full Article
BUSINESS NEWS
Reports of S&P euro zone cuts weigh on stock futures
January 13, 2012 09:37 AM ET
NEW YORK (Reuters) - Stocks were set to retreat from five-month highs at the open on Friday after reports that Standard & Poor's was set to downgrade the ratings on several euro zone countries. | Full Article
S&P to cut some euro zone countries on Friday: source
January 13, 2012 09:22 AM ET
BERLIN (Reuters) - Credit rating agency Standard & Poor's is set to downgrade several euro zone countries, not including Germany, on Friday, a senior euro zone government source said. | Full Article
November trade gap widens, biggest since June
January 13, 2012 09:25 AM ET
WASHINGTON (Reuters) - The trade deficit widened in November to its largest in five months, suggesting imports weighed on economic growth a bit more than expected during the fourth quarter. | Full Article
Novartis cuts 2,000 U.S. jobs after drug setback
January 13, 2012 07:57 AM ET
ZURICH (Reuters) - Novartis AG plans to axe nearly 2,000 of its U.S. workforce ahead of the patent loss of top-selling blood pressure drug Diovan there and will take a $900 million charge after another of its key drugs failed to live up to expectations. | Full Article
Greek debt swap talks end without deal
January 13, 2012 09:17 AM ET
ATHENS (Reuters) - Greece and its creditor banks, racing against the clock to reach an agreement to avert a disorderly bond default, packed up work without at deal on Friday but with more talks likely next week. | Full Article
HEALTH NEWS
China seeks to unlock secrets of herbs, roots
Red wine-heart research slammed with fraud charges
Walgreen sued for overcharging for generics
Group seeks re-vote on birth control clot risk
Rip Roarin' Crab Soup recalled over allergy worries
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