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Monday, November 28, 2011

DAI: Wall Street snaps 7-day slide but volume is low

Reuters
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11/28/2011
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LATEST NEWS
Wall Street snaps 7-day slide but volume is low
NEW YORK (Reuters) - Stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions. | Full Article
Fitch revises U.S. rating outlook to negative
November 28, 2011 04:29 PM ET
NEW YORK (Reuters) - Fitch Ratings on Monday revised to negative the outlook on the United States' AAA credit rating after a Congress committee failed last week to agree on at least $1.2 trillion in deficit-reduction measures. | Full Article
Judge blocks Citigroup-SEC settlement
November 28, 2011 03:40 PM ET
NEW YORK (Reuters) - A federal judge angrily blocked Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements. | Full Article
Exclusive: Regulators doubt MF Global shortfall estimate
November 28, 2011 03:33 PM ET
WASHINGTON (Reuters) - U.S. regulators are privately questioning a bankruptcy trustee's estimate that puts the shortfall in MF Global Holdings' customer funds at around $1.2 billion, a source familiar with the matter said on Monday. | Full Article
October home sales rise 1.3 percent but prices fall
November 28, 2011 01:55 PM ET
WASHINGTON (Reuters) - Sales of new homes rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector. | Full Article
US TOP NEWS
Germany, France press for coercive euro zone debt rules
November 28, 2011 04:07 PM ET
BERLIN/BRUSSELS (Reuters) - Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, and the United States kept up the drumbeat of demands from the rest of the world for decisive action. | Full Article
Pakistan PM: No more "business as usual" with U.S.
November 28, 2011 04:17 PM ET
ISLAMABAD (Reuters) - Pakistan's prime minister ruled out "business as usual" with the United States on Monday after a NATO attack killed 24 Pakistani soldiers and the army threatened to curtail cooperation over the war in Afghanistan. | Full Article
Obama tells EU to take decisive action on debt
November 28, 2011 04:12 PM ET
WASHINGTON (Reuters) - President Barack Obama pressed European Union officials on Monday to act quickly and decisively to resolve their sovereign debt crisis, which the White House said was weighing on the American economy. | Full Article
Barney Frank, author of Wall St reform, to retire
November 28, 2011 03:43 PM ET
(Reuters) - Barney Frank announced his retirement from Congress Monday, leaving fellow Democrats without their foremost defender of a landmark financial-regulation overhaul that Republicans and Wall Street groups want to repeal. | Full Article
Syria sanctioned and condemned for "brutality"
November 28, 2011 03:25 PM ET
BEIRUT (Reuters) - Syria faced growing economic sanctions and condemnation over "gross human rights violations" on Monday, but President Bashar al-Assad showed no sign of buckling under international pressure to end his military crackdown on popular unrest. | Full Article
HEALTH NEWS
Mediterranean-ish diet tied to better heart health
HIV-positive men urge China Premier to end discrimination
AIDS fund cuts will hit Southern Africa hard
Low vitamin D linked to heart disease, death
Elan to create research centre with Cambridge University
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