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Tuesday, November 29, 2011

DAI: Dow, S&P up for 2nd day but financials a drag

Reuters
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11/29/2011
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LATEST NEWS
Dow, S&P up for 2nd day but financials a drag
NEW YORK (Reuters) - The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess. | Full Article
FCC to let AT&T pull merger application: report
November 29, 2011 04:07 PM ET
WASHINGTON (Reuters) - The Federal Communications Commission planned to approve AT&T Inc's request to withdraw its application for approval of its acquisition of T-Mobile USA, the Wall Street Journal reported on Tuesday. | Full Article
American Airlines files for bankruptcy
November 29, 2011 04:19 PM ET
(Reuters) - American Airlines, the third-largest U.S. carrier, and its parent AMR Corp filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand. | Full Article
Consumers more hopeful but home prices fall
November 29, 2011 03:38 PM ET
NEW YORK (Reuters) - Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery. | Full Article
MF Global trustee seeks to pay out $2.1 billion more
November 29, 2011 02:46 PM ET
(Reuters) - The trustee liquidating MF Global Holdings Ltd's broker-dealer unit asked a federal bankruptcy judge to authorize the distribution of another $2.1 billion to former commodities customers, roughly doubling the total payout to $4.1 billion. | Full Article
US TOP NEWS
Insight: In euro zone crisis, companies plan for the unthinkable
November 29, 2011 03:27 PM ET
LONDON/BOSTON (Reuters) - When Novo Nordisk's chief financial officer met marketing colleagues last Friday the conversation moved far beyond the usual discussion of sales and performance. Jesper Brandgaard asked a simple, far-reaching question: how would the firm set prices for two pivotal new insulin products if the euro collapsed? | Full Article
Cain campaign crumbling after affair allegation
November 29, 2011 04:34 PM ET
WASHINGTON (Reuters) - Herman Cain told aides on Tuesday he would reassess the viability of his struggling campaign after an Atlanta woman accused him of conducting a 13-year extramarital affair. | Full Article
Iranian protesters storm UK diplomatic compounds
November 29, 2011 03:55 PM ET
TEHRAN (Reuters) - Iranian protesters stormed two British diplomatic compounds in Tehran on Tuesday, smashing windows, torching a car and burning the British flag in protest against new sanctions imposed by London. | Full Article
Facebook settles privacy case with FTC
November 29, 2011 04:12 PM ET
WASHINGTON (Reuters) - Facebook will be required to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers and forced them to share more personal information than they intended. | Full Article
Europe struggles with rescue fund, may turn to IMF
November 29, 2011 04:37 PM ET
BRUSSELS/MILAN (Reuters) - Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. | Full Article
HEALTH NEWS
AIDS fund cuts will hit Southern Africa hard
Obama administration appeals cigarette warning ruling
Few in US with HIV have virus under control: CDC
When moms on welfare work, kids may lag in vaccines
Secondhand smoke tied to bad heart failure outcomes
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