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Friday, January 6, 2012

U.S. Top News Early Edition: Woodford to sue Olympus over firing, drops CEO bid

Reuters
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01/6/2012
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LATEST NEWS
Woodford to sue Olympus over firing, drops CEO bid
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
Iran plans more war games in strait as sanctions bite
January 06, 2012 08:58 AM 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 08:17 AM 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
Suicide bomb kills 25 in Damascus: Syrian TV
January 06, 2012 09:16 AM ET
BEIRUT (Reuters) - A suicide bomber killed about 25 people and wounded 46 in Damascus on Friday, Syria's state news agency SANA said, in the third such attack in the Syrian capital in a month. | Full Article
Smartphones power Samsung to record quarterly profit
January 06, 2012 09:32 AM ET
SEOUL (Reuters) - Samsung Electronics, the world's top maker of memory chips and smartphones, reported a record quarterly profit on Friday, aided by one-off gains and best-ever sales of high-end phones. | Full Article
BUSINESS NEWS
Dollar, stocks up after U.S. jobs data
January 06, 2012 09:07 AM ET
LONDON (Reuters) - Stocks, commodity prices and the dollar moved higher on Friday while safe-haven government bonds fell after better-than-expected U.S. jobs data for December confirmed the recovery in the world's biggest economy is strengthening. | Full Article
Payroll jobs up, jobless rate falls to 8.5 percent
January 06, 2012 09:22 AM ET
WASHINGTON (Reuters) - Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity. | Full Article
Hungary downgraded to "junk" as PM says wants deal
January 06, 2012 09:30 AM ET
BUDAPEST (Reuters) - A rating downgrade on Friday left Hungary's debt rated "junk" across the board, underscoring investors' doubts about the government's willingness to change its controversial policies in return for aid to stave off a financial crisis. | Full Article
Best Buy backs profit view despite soft December sales
January 06, 2012 09:33 AM ET
(Reuters) - Best Buy Co stood by its profit outlook for the financial year despite a 1.2 percent same-store sales decline in the key selling month of December, allaying some concerns that all its holiday sales were driven by profit-sapping discounts. | Full Article
Euro zone's economy slumps at year-end
January 06, 2012 08:11 AM ET
BRUSSELS (Reuters) - The euro zone's economy deepened its downturn at the end of 2011 as retail sales fell and sentiment soured, but the first improvement in the business climate in 10 months offered hope that an expected recession may be mild. | Full Article
HEALTH NEWS
Exclusive: EU medicines head urges tougher implant rules
Babies' sleep problems may persist over years, study says
France urges tighter EU rules on implants
EU to set new biosimilar drug rules by mid-year
Doctors pressure Hospira over execution drug
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