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Thursday, February 2, 2012

U.S. Top News Early Edition: Facebook's Zuckerberg to keep iron grip after IPO

Reuters
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02/2/2012
News Good Morning
LATEST NEWS
Facebook's Zuckerberg to keep iron grip after IPO
SAN FRANCISCO (Reuters) - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say. | Full Article
Glencore and Xstrata in $80 billion merger talks
February 02, 2012 08:28 AM ET
LONDON (Reuters) - Mining group Xstrata and commodities trader Glencore are in talks over an all-share merger that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the industry with its biggest deal to date. | Full Article
Jobless claims fall, jobs market slowly healing
February 02, 2012 09:14 AM ET
WASHINGTON (Reuters) - New claims for unemployment benefits in the United States fell more than expected last week, pointing to more healing in the nation's battered jobs market. | Full Article
Sony sees $2.9 billion loss, new CEO warns of pain
February 02, 2012 08:18 AM ET
TOKYO (Reuters) - Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around. | Full Article
Deutsche Bank's Ackermann era ends in quarterly loss
February 02, 2012 06:29 AM ET
FRANKFURT (Reuters) - Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies. | Full Article
BUSINESS NEWS
Stock futures imply higher open after jobless claims fall
February 02, 2012 09:11 AM ET
NEW YORK (Reuters) - Stock index futures pointed to slight gains at the open on Thursday after jobless claims fell more than expected, boosting optimism about the upcoming January payrolls report. | Full Article
Europe gets bond market respite, real economy pain
February 02, 2012 09:30 AM ET
MADRID/FRANKFURT (Reuters) - Spain and France gained fresh relief at bond auctions on Thursday, extending a rally in euro zone government debt markets since the European Central Bank flooded banks with cheap money in December. | Full Article
Merck profit beats as research trimmed
February 02, 2012 08:48 AM ET
(Reuters) - Merck & Co on Thursday reported better-than-expected fourth-quarter earnings, helped by a decrease in research spending, and predicted relatively flat 2012 results as the No. 2 U.S. drugmaker girds for cheaper generic forms of its biggest product, asthma drug Singulair. | Full Article
Dow Chemical profit misses
February 02, 2012 08:20 AM ET
(Reuters) - Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to cut production and aggressively conserve cash. | Full Article
Costco, Limited impress in January
February 02, 2012 08:36 AM ET
(Reuters) - A handful of U.S. retailers, including Costco Wholesale Corp and Limited Brands Inc , beat Wall Street's expectations for January sales, but analysts are not so optimistic about department store chains and apparel chains that have yet to report on Thursday. | Full Article
HEALTH NEWS
Birth control recall raises risk of unplanned pregnancy
Moms' bossiness at snack time tied to kids' weight
Aging America creates demand for health-care workers
Judge: health labels may stem tobacco co rights
Nuclear accidents pose little risk to health: NRC
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