Business Today: Futures sink on growing euro zone worry

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	11/9/2011
Good Morning LATEST NEWS Futures sink on growing euro zone worry NEW YORK (Reuters) - Stock index futures tumbled on Wednesday as a spike in Italian bond yields fueled fears the country will need a bailout, ratcheting up the region's debt crisis to another level. | Full Article Italian borrowing costs reach breaking point November 09, 2011 07:36 AM ET ROME/LONDON (Reuters) - Italian borrowing costs reached breaking point on Wednesday after Prime Minister Silvio Berlusconi's promise to resign failed to raise optimism about the country's ability to deliver on long-promised economic reforms. | Full Article GM profit beats Street; cuts Europe outlook November 09, 2011 08:03 AM ET DETROIT (Reuters) - General Motors Co posted a stronger-than-expected quarterly profit as it gained market share in North American and Asian markets, but backed away from its full-year break-even target in Europe due to deteriorating conditions there. | Full Article China inflation, output create room for pro-growth steps November 09, 2011 07:06 AM ET BEIJING (Reuters) - Chinese industrial output grew at its weakest annual pace in a year in October and inflation fell sharply, raising expectations Beijing will do more to support economic growth by "fine tuning" policy. | Full Article Macy's posts higher net, raises full-year outlook November 09, 2011 08:15 AM ET (Reuters) - Macy's Inc reported a higher third-quarter profit, helped by sales gains on its website and at its upscale Bloomingdale's chain, and the retailer raised its profit forecast for the fiscal year. | Full Article US TOP NEWS Greek leaders struggle to agree on PM November 09, 2011 07:19 AM ET ATHENS (Reuters) - Political leaders were scrambling unsuccessfully on Wednesday to find a new prime minister to lead Greece back from the brink of bankruptcy, after a plan to name a former central banker ran into trouble. | Full Article Cain looks to move past controversy at debate November 09, 2011 07:07 AM ET ROCHESTER, Michigan (Reuters) - Republican Herman Cain will try to move past an escalating sexual harassment controversy on Wednesday during a U.S. presidential debate on economic issues held in the hard-hit manufacturing state of Michigan. | Full Article Olympus investment losses may have exceeded $1 billion November 09, 2011 08:02 AM ET TOKYO (Reuters) - Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the 92-year-old firm's share price plunged due to doubts about its future. | Full Article Huge U.S. air base returned to Iraqi control November 09, 2011 05:01 AM ET BAGHDAD (Reuters) - The U.S. military has handed over to the Iraqi government its 2nd largest Iraq base, a joint army and air force complex that housed some 36,000 American troops and contractors at the peak of the war, U.S. officials said. | Full Article Paul Volcker says Volcker rule too complicated November 09, 2011 07:52 AM ET SINGAPORE (Reuters) - The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading. | Full Article HEALTH NEWS Panel backs skin cancer advice for youths Roche skin cancer drug to get priority review in U.S. Clinton sets new U.S. global AIDS focus on treatment Fiber-loving teens have lower heart, diabetes risks Cervical cancer vaccines may cut need for screening RELATED VIDEO Perfect storm forming in Italian bond market, Albano says Breakingviews: Italy faces nerve-racking game of chicken Customers tune in to TV shopping channels A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Agents intercept military flare in mail Full Article "Cemetery collector" with 29 bodies arrested Five teenagers arrested for stealing Halloween candy Strapped county sacks Santa to save $660 Devil found in detail of Giotto fresco in Italy's Assisi - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend