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Thursday, October 27, 2011

U.S. Top News Early Edition: Consumers, businesses pump up Q3 growth

Reuters
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10/27/2011
News Good Morning
LATEST NEWS
Consumers, businesses pump up Q3 growth
WASHINGTON (Reuters) - The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year. | Full Article
Euro deal leaves much to do on rescue fund, Greek debt
October 27, 2011 09:05 AM ET
BRUSSELS (Reuters) - Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund. | Full Article
Sony buys Ericsson out of mobile phone venture
October 27, 2011 08:08 AM ET
LONDON (Reuters) - Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc. | Full Article
Special Report: Harrisburg, Pa: a city at war with itself
October 27, 2011 08:51 AM ET
HARRISBURG, Pennsylvania (Reuters) - For three days last summer, Mayor Linda Thompson joined religious leaders to pray for a "cooperative spirit" among city leaders, the business community and residents here in Pennsylvania's state capital. | Full Article
Exxon profit rises 41 percent, shares higher
October 27, 2011 09:21 AM ET
(Reuters) - Exxon Mobil Corp's profit rose 41 percent in the third quarter, slightly ahead of Wall Street estimates, as gains in crude oil prices and higher refining margins boosted results. | Full Article
BUSINESS NEWS
NYSE invokes volatility rule for open
October 27, 2011 09:25 AM ET
NEW YORK (Reuters) - The New York Stock Exchange and NYSE Amex Cash Markets invoked Rule 48 on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds. | Full Article
Exclusive: Records raise Olympus conflict of interest question
October 27, 2011 07:12 AM ET
DETROIT/TOKYO (Reuters) - U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses. | Full Article
Procter & Gamble profit in line, keeps year view
October 27, 2011 07:53 AM ET
(Reuters) - Procter & Gamble Co posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit. | Full Article
Analysis: Euro zone debt deal tackles symptoms not cause
October 27, 2011 09:14 AM ET
LONDON (Reuters) - Euro zone leaders are as far as ever from finding a lasting solution to the bloc's underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis. | Full Article
Shell, Statoil profits soar on higher oil
October 27, 2011 05:25 AM ET
LONDON (Reuters) - Royal Dutch Shell Plc and Norway's Statoil reported big jumps in profits on Thursday, driven mainly by higher oil and gas prices with help from increased production. | Full Article
HEALTH NEWS
Doctors split on Avastin for breast cancer: survey
Fertility treatment raises tumor risk in study
Report links HPV with heart attacks, strokes
Reused pacemakers safe option in poor countries
Murder, suicide top medical deaths in pregnancy
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