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Wednesday, January 18, 2012

U.S. Top News Early Edition: Yahoo co-founder Jerry Yang resigns

Reuters
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01/18/2012
News Good Morning
LATEST NEWS
Yahoo co-founder Jerry Yang resigns
SAN FRANCISCO (Reuters) - Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company. | Full Article
Divers suspend search of capsized Italy liner
January 18, 2012 09:17 AM ET
GIGLIO, Italy (Reuters) - Divers searching the capsized Italian cruise liner Costa Concordia suspended work on Wednesday after the vast wreck shifted slightly, but officials said they are hoping to resume as soon as possible. | Full Article
Goldman beats Street on lower expenses
January 18, 2012 09:32 AM ET
(Reuters) - Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank managed to beat analysts' expectations through cost cutting and lower taxes. | Full Article
IMF looks to raise $600 billion in new resources: sources
January 18, 2012 09:35 AM ET
WASHINGTON (Reuters) - The International Monetary Fund is estimating it needs to raise up to $600 billion in new resources to lend to countries struggling with the fallout from the growing euro zone debt crisis, IMF sources said on Wednesday. | Full Article
More arrests in insider trading probe: sources
January 18, 2012 09:22 AM ET
(Reuters) - The FBI is making several arrests as part of the government's sweeping probe into insider trading, people familiar with the matter said on Wednesday. | Full Article
BUSINESS NEWS
Wall Street to open off after IMF enthusiasm wanes
January 18, 2012 09:26 AM ET
NEW YORK (Reuters) - Stocks were poised for a slightly lower open on Wednesday as initial enthusiasm over the International Monetary Fund's plan to bolster lending to struggling euro zone nations flagged. | Full Article
Industrial output rises on strong manufacturing
January 18, 2012 09:27 AM ET
WASHINGTON (Reuters) - Industrial output rose in December as manufacturing rebounded at its strongest pace in a year, countering a weather-related decline in utilities, Federal Reserve data showed on Wednesday. | Full Article
December producer prices fall 0.1 percent but core rises
January 18, 2012 09:05 AM ET
WASHINGTON (Reuters) - Producer prices fell in December as companies paid less for gasoline and vegetables but a measure of underlying inflation climbed higher, sending mixed signals about inflation pressures in the economy. | Full Article
Exclusive: EU moves early on Google antitrust probe
January 18, 2012 08:54 AM ET
BRUSSELS (Reuters) - European regulators will decide around the end of March whether to file a formal complaint against Google for misuse of its market position, potentially bringing the internet company's squabble with competitors to a head much sooner than expected. | Full Article
BNY Mellon profit falls on restructuring, lower FX volume
January 18, 2012 07:16 AM ET
(Reuters) - Bank of New York Mellon said on Wednesday that fourth-quarter earnings fell 26 percent after the world's No. 1 custody bank reported lower forex volume and took a restructuring charge as part of a large-scale plan to make its operations more efficient. | Full Article
HEALTH NEWS
Implant boss says France "criminal" in recommending removal
Little change in U.S. obesity rates in recent years
How much iodine is too much?
FDA approves BTG's drug for cancer toxicity
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