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Thursday, February 16, 2012

U.S. Top News Early Edition: Congress reaches payroll tax-cut deal

Reuters
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02/16/2012
News Good Morning
LATEST NEWS
Congress reaches payroll tax-cut deal
WASHINGTON (Reuters) - A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders. | Full Article
Jobless claims drop to near 4-year low
February 16, 2012 09:16 AM ET
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam. | Full Article
Moody's may downgrade 17 banks, including UBS, Morgan Stanley
February 16, 2012 09:20 AM ET
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system. | Full Article
Greece battles mistrust to target bailout deal
February 16, 2012 09:35 AM ET
ATHENS (Reuters) - Greece expressed hope it was within days of finally securing a 130-billion-euro EU/IMF bailout to ease its debt crisis but markets reacted skeptically on Thursday as acrimony grew between Athens and euro zone partners led by Germany. | Full Article
Former executives, bankers arrested over Olympus fraud
February 16, 2012 07:34 AM ET
TOKYO (Reuters) - Four months after one of Japan's biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion accounting fraud at the medical equipment and camera maker. | Full Article
BUSINESS NEWS
Wall Street opens flat as data offsets Moody's warning
February 16, 2012 09:36 AM ET
NEW YORK (Reuters) - Stocks opened little changed on Thursday as concerns about a possible downgrade of global banks by Moody's were offset by upbeat U.S. data on the labor and housing sectors. | Full Article
GM reports weaker- than-expected quarterly profit
February 16, 2012 09:25 AM ET
DETROIT (Reuters) - General Motors Co posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America. | Full Article
Bernanke says recovery slow but small banks climbing back
February 16, 2012 09:37 AM ET
WASHINGTON (Reuters) - The weak economic recovery has made it harder for banks to make money from loans but the financial conditions of smaller institutions appear to be solidifying, Federal Reserve Chairman Ben Bernanke said on Thursday. | Full Article
Oldest Swiss private bank is newest U.S. target
February 16, 2012 09:18 AM ET
ST. GALLEN, Switzerland (Reuters) - On the morning of January 27, employees at the St. Gallen headquarters of Wegelin, Switzerland's oldest private bank, were told to expect an important announcement from Konrad Hummler, Wegelin's leading partner. Other Wegelin branches across Switzerland, also alerted, tuned in to the company-wide address system. | Full Article
Nestle cautious on 2012 as it seeks new growth
February 16, 2012 06:53 AM ET
VEVEY, Switzerland (Reuters) - Nestle echoed the cautious outlook for 2012 of other global food makers on Thursday as it said it was banking on new markets and products to put it ahead of the field after it posted forecast-beating 2011 sales growth. | Full Article
HEALTH NEWS
Stemming the tide of overtreatment in U.S. healthcare
How secure are labs handling world's deadliest pathogens?
One in 10 U.S. kids have alcoholic parent - study
Doctors scour drug supplies after fake Avastin found
In prostate cancer, other death risks may be higher
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