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Monday, November 21, 2011

Before the Bell: Futures tumble on expected debt panel defeat

Reuters
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11/21/2011
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Futures tumble on expected debt panel defeat
NEW YORK (Reuters) - Stock index futures were sharply lower on Monday, extending the previous week's losses as a congressional "super committee" was expected to concede defeat in its bid to lower the deficit. | Full Article
Euro zone not working, words alone won't fix it: Buffett
November 21, 2011 07:55 AM ET
IWAKI, Japan (Reuters) - Billionaire investor Warren Buffett said Europe's debt crisis had shown up a "major flaw" in the 17-member euro zone system and it would take more than words to fix it. | Full Article
Debt crisis strikes at heart of Europe
November 21, 2011 07:43 AM ET
BRUSSELS/MADRID (Reuters) - The euro zone's debt crisis struck again at the heart of Europe on Monday despite a clear-cut election victory in Spain for conservatives committed to tougher austerity. | Full Article
Insight: Lessons for U.S. from Canada's "basket case" moment
November 21, 2011 07:31 AM ET
OTTAWA (Reuters) - Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid. | Full Article
Moody's warns on French rating outlook
November 21, 2011 04:51 AM ET
PARIS (Reuters) - A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report on Monday, adding to pressure on European debt markets. | Full Article
US TOP NEWS
Grand deficit-cutting effort ends with whimper
November 21, 2011 07:09 AM ET
WASHINGTON (Reuters) - The Republican and Democratic leaders of a 12-member congressional "super committee" are set to declare defeat in a joint statement to be released after three months of talks failed to bridge deep divides over taxes and spending. | Full Article
Cairo morgue has 33 bodies after clashes: sources
November 21, 2011 07:54 AM ET
CAIRO (Reuters) - Cairo's main morgue at Zainhum hospital has received 33 corpses from those killed in clashes between protesters and security forces, medical sources said on Monday. | Full Article
Global economic outlook grim, China tells U.S. trade talks
November 21, 2011 06:31 AM ET
CHENGDU, China (Reuters) - Chinese Vice-Premier Wang Qishan warned on Monday the global economy is in a grim state and the visiting U.S. commerce secretary said China would spend $1.7 trillion on strategic sectors as Beijing seeks to bolster waning growth. | Full Article
NYC police say arrest "lone wolf" in bomb plot
November 21, 2011 06:36 AM ET
NEW YORK (Reuters) - New York police arrested a 27-year-old man they called a "lone wolf" militant on charges of plotting to build bombs to kill American soldiers returning from Iraq and Afghanistan. | Full Article
Pressure for fast action after Spain election win
November 21, 2011 07:08 AM ET
MADRID (Reuters) - Spanish Prime Minister elect Mariano Rajoy was under pressure on Monday to give rapid details of his policies to overcome the worst economic crisis for generations as his overwhelming election victory did little to calm the nerves of investors. | Full Article
HEALTH NEWS
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