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Tuesday, November 22, 2011

DAI: Wall Street ends down for fifth day on Europe

Reuters
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11/22/2011
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LATEST NEWS
Wall Street ends down for fifth day on Europe
NEW YORK (Reuters) - Stocks fell for a fifth day on Tuesday, having lost more than 5 percent over that period as borrowing costs in Spain hit another record. | Full Article
Fed to test six U.S. banks on Euro stress
November 22, 2011 04:27 PM ET
WASHINGTON (Reuters) - The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis. | Full Article
Merck to pay about $950 million to settle U.S. Vioxx charge
November 22, 2011 04:11 PM ET
(Reuters) - Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday. | Full Article
States moving on smaller U.S. mortgage probe deal
November 22, 2011 04:11 PM ET
WASHINGTON (Reuters) - States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices. | Full Article
Third-quarter growth cut on weak inventories
November 22, 2011 03:17 PM ET
WASHINGTON (Reuters) - The U.S. economy grew more slowly than previously estimated in the third quarter but a drawing down of stocks held by companies and firm consumer spending suggested output would pick up in late 2011. | Full Article
US TOP NEWS
Obama pushes divided Congress to extend tax cut
November 22, 2011 04:04 PM ET
MANCHESTER, New Hampshire (Reuters) - President Barack Obama challenged the Congress on Tuesday to vote next week to save an expiring payroll tax cut, a day after a high-profile effort to tackle huge deficits collapsed in acrimony. | Full Article
Egypt generals promise transfer to civilian rule
November 22, 2011 03:26 PM ET
CAIRO (Reuters) - Under fierce pressure from street protests, Egypt's army chief promised on Tuesday to hand over to a civilian president by July and made a conditional offer for an immediate end to army rule. | Full Article
Three U.S. students held in Egypt over protests
November 22, 2011 04:07 PM ET
CAIRO (Reuters) - Three U.S. students were paraded on Egyptian television on Tuesday after being accused of throwing petrol bombs at police during protests near Cairo's Tahrir Square where demonstrators have been demanding an end to military rule. | Full Article
JP Morgan to buy MF Global stake in LME: sources
November 22, 2011 01:28 PM ET
LONDON (Reuters) - J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange (LME) from defunct U.S. brokerage MF Global, two people familiar with the situation said, making it the exchange's largest shareholder. | Full Article
Former Obama fundraiser Rezko gets 10-year sentence
November 22, 2011 02:52 PM ET
CHICAGO (Reuters) - A U.S. judge on Tuesday sentenced Antoin "Tony" Rezko, a former Chicago fundraiser for President Barack Obama, to 10-1/2 years in prison for corruption and extortion. | Full Article
HEALTH NEWS
Too much or too little salt tied to heart risks
Antipsychotic drugs tied to diabetes risk in kids
Coffee drinkers show lower uterine cancer risk
Most docs return to work after addiction treatment
U.S. healthcare cuts minimal, more pain looms
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