Business Today: Futures tumble on expected debt panel defeat

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	11/21/2011
Good Morning LATEST NEWS Futures tumble on expected debt panel defeat NEW YORK (Reuters) - U.S. 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 Gilead to buy Pharmasset for $11 billion November 21, 2011 08:16 AM ET (Reuters) - Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio. | Full Article Alleghany to buy Transatlantic for $3.4 billion November 21, 2011 08:14 AM ET (Reuters) - U.S. property and casualty insurer Alleghany Corp said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, a day after a source told Reuters that Alleghany was close to a deal for the company. | 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 US TOP NEWS Grand deficit-cutting effort ends with whimper November 21, 2011 08:34 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 08:13 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 November 21, 2011 08:12 AM ET MADRID (Reuters) - A landslide conservative win in Spain's election failed to calm markets on Monday and Prime Minister elect Mariano Rajoy was under pressure to end uncertainty by giving rapid details of his policies to combat the worst economic crisis for decades. | Full Article HEALTH NEWS HIV numbers hit new high as AIDS drugs save lives Overweight people eat less often: study Healthy male diet may boost IVF success: study Philip Morris challenges Australia on plain pack FDA revokes approval of Avastin for breast cancer RELATED VIDEO Bids for Spain's bonds in 2012 may not meet offers: Albano Inside the News: More action by Europe leaders seen unlikely How Gujarat became India's model state 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 Darth Vader claims land plot in Ukraine Full Article Court upholds fine against nude hiker - 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