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Monday, November 7, 2011

U.S. Top News Early Edition: Papademos front-runner to be new Greek PM

Reuters
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11/7/2011
News Good Morning
LATEST NEWS
Papademos front-runner to be new Greek PM
ATHENS (Reuters) - Lucas Papademos, a former deputy head of the European Central Bank, was on Monday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out of money in mid-December. | Full Article
Berlusconi plays last cards, denies will resign
November 07, 2011 07:54 AM ET
ROME (Reuters) - Italian Prime Minister Silvio Berlusconi, under huge pressure from international markets and rebels in his party, tried to play his last cards on Monday to hang on to power and denied reports that he could resign within hours. | Full Article
Olympus ex-CEO to meet panel member next week
November 07, 2011 03:31 AM ET
TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said he will meet in London next week with a member of the third-party panel probing past M&A deals at the endoscope maker. | Full Article
Wall St opens flat, Italy worries in focus
November 07, 2011 09:37 AM ET
NEW YORK (Reuters) - Stocks were little changed at the open on Monday as political turmoil in Italy sparked worry the euro zone debt crisis could overwhelm the region's third largest economy. | Full Article
Insight: Has Iran ended Israel's Begin Doctrine?
November 07, 2011 08:51 AM ET
JERUSALEM (Reuters) - Menachem Begin did not pull his punches. In 1981, as work neared completion on an Iraqi nuclear reactor that Israel believed would produce plutonium for warheads, the Israeli prime minister dispatched eight F-16 bombers to destroy the plant. Begin later said that the raid was proof his country would "under no circumstances allow the enemy to develop weapons of mass-destruction against our people". | Full Article
BUSINESS NEWS
MF Global UK administrators reconciling positions
November 07, 2011 07:55 AM ET
LONDON (Reuters) - Administrators to failed brokerage MF Global's UK unit said on Monday they were reconciling cash positions of the firm before paying out money to anyone with a claim on the firm. | Full Article
Inflation, debt crisis hurt euro zone retail sales
November 07, 2011 06:54 AM ET
BRUSSELS (Reuters) - Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession. | Full Article
Analysis: Asia's policy dilemma: Pause or pre-emptive strike?
November 07, 2011 09:15 AM ET
(Reuters) - Asia's central bankers have two main choices for coping with Europe's debt crisis: Wait it out and hope for a safe resolution, or take out an insurance policy in the form of an interest rate cut. | Full Article
Best Buy buys out U.S. mobile partner for $1.3 billion
November 07, 2011 09:15 AM ET
LONDON/NEW YORK (Reuters) - U.S. electronics retailer Best Buy Co Inc is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion and scrapping plans for a chain of European megastores, it said on Monday. | Full Article
Analysis: Stores gear up for "dogfight" in TV aisles
November 07, 2011 08:07 AM ET
NEW YORK (Reuters) - It may not be a blood bath, but it will definitely be a dogfight. | Full Article
HEALTH NEWS
Analysis: Lipitor, legendary cash cow, prepares for fadeout
Live liver donors have troubles years later: study
Heart procedures linked to cognitive decline
Novartis drug helps in severe childhood arthritis
Medicare change tied to safer weight loss surgery
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