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Friday, January 27, 2012

U.S. Top News Early Edition: U.S. growth quickens in Q4, but speed-bumps ahead

Reuters
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01/27/2012
News Good Morning
LATEST NEWS
U.S. growth quickens in Q4, but speed-bumps ahead
WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year. | Full Article
Romney puts Gingrich on defensive in Florida debate
January 27, 2012 02:42 AM ET
JACKSONVILLE, Florida (Reuters) - Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida's primary vote. | Full Article
Ford hit by commodity costs, international woes
January 27, 2012 09:23 AM ET
(Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations. | Full Article
EU, IMF press Greece on reforms before aid flows
January 27, 2012 09:13 AM ET
ATHENS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows. | Full Article
James Murdoch to quit GSK board
January 27, 2012 07:56 AM ET
LONDON (Reuters) - News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline to spend more time on his media roles. | Full Article
BUSINESS NEWS
Wall Street opens lower after GDP data
January 27, 2012 09:35 AM ET
NEW YORK (Reuters) - U.S. stocks opened lower on Friday after data showed the U.S. economy grew less than expected in the fourth quarter, while weak earnings from Ford and Procter & Gamble and euro zone debt worries also weighed on the market. | Full Article
Chevron profit falls as refineries, output suffer
January 27, 2012 09:22 AM ET
(Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices. | Full Article
Eastman Chemical to buy Solutia for $3.38 billion
January 27, 2012 09:29 AM ET
(Reuters) - Eastman Chemical is buying specialty chemical maker Solutia Inc for about $3.38 billion in cash and stock to extend its reach in emerging markets, particularly the Asia-Pacific region. | Full Article
Geithner presses Europe to increase crisis firewall
January 27, 2012 08:46 AM ET
DAVOS, Switzerland (Reuters) - U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn. | Full Article
Japan prices fall, mild deflation to persist
January 27, 2012 09:36 AM ET
TOKYO (Reuters) - Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt crisis suppress wage growth and economic activity. | Full Article
HEALTH NEWS
French implant boss released, faces bodily harm charge
China cadmium spill threatens drinking water for millions
Rivals see no need to match Roche's big gene bet
Bill Gates injects $750 million into troubled AIDS fund
Spike in deaths blamed on 2003 NYC power outage
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