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Monday, January 16, 2012

U.S. Top News Early Edition: S&P, Greece pressure euro zone to boost defenses

Reuters
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01/16/2012
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LATEST NEWS
S&P, Greece pressure euro zone to boost defenses
LONDON (Reuters) - Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused. | Full Article
Rescue on Italian cruise ship halted
January 16, 2012 09:16 AM ET
GIGLIO, Italy (Reuters) - Italian rescuers suspended efforts to find survivors Monday as the hulk of a giant cruise liner slipped in worsening weather on the steep rocky underwater slope on which it is lodged off Italy's west coast. | Full Article
Huntsman to quit presidential race
January 16, 2012 07:22 AM ET
MYRTLE BEACH, South Carolina (Reuters) - Republican presidential hopeful Jon Huntsman will drop out of the White House race on Monday and endorse front-runner Mitt Romney, a senior campaign official said. | Full Article
Greece dispatches officials to U.S., default fears grow
January 16, 2012 09:05 AM ET
ATHENS (Reuters) - Greece sent senior officials to Washington on Monday for meetings with the International Monetary Fund as it raced against the clock to break a deadlock in debt swap talks that has prompted new fears of an unruly default. | Full Article
Carnival and cruise sector count cost of disaster
January 16, 2012 08:18 AM ET
LONDON (Reuters) - The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period. | Full Article
BUSINESS NEWS
Global shares, euro steady after S&P but outlook weak
January 16, 2012 07:32 AM ET
LONDON (Reuters) - European shares and the euro recovered from early losses on Monday in the wake of a mass downgrade of euro zone sovereign ratings, but trading was choppy with U.S. markets closed and the outlook for Greek debt talks uncertain. | Full Article
S&P downgrade may spark tougher EU ratings curbs
January 16, 2012 09:26 AM ET
LONDON (Reuters) - Standard & Poor's credit rating downgrades of nine euro zone countries will fuel attempts by European Union lawmakers to slap stricter curbs on sovereign ratings. | Full Article
Wary banks boost ECB deposits; reserve change due
January 16, 2012 05:52 AM ET
FRANKFURT (Reuters) - Commercial banks parked almost half a trillion euros at the European Central Bank, the highest on record, as the mix of debt crisis worries and a recent giant injection of ECB cash left banks awash with money but too scared to lend it. | Full Article
Toshiba denies report it will propose Olympus equity tie-up
January 16, 2012 07:54 AM ET
TOKYO (Reuters) - Toshiba Corp on Monday denied a newspaper report it was set to propose an equity tie-up with scandal-hit Olympus Corp . | Full Article
Brazil's Embraer eyes NATO buyers for Super Tucano
January 16, 2012 09:02 AM ET
SAO PAULO (Reuters) - Brazil's Embraer expects to sell its Super Tucano light attack aircraft to more NATO nations after clinching an order from the United States that lifted the company into the upper echelons of global defense contractors, a top executive told Reuters. | Full Article
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