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Wednesday, December 28, 2011

Business Today: Futures edge higher after Italian auction

Reuters
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12/28/2011
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Futures edge higher after Italian auction
NEW YORK (Reuters) - Stock index futures edged higher on Wednesday in what looks to be another low-volume session, with investors waiting for the start of 2012 before betting on risky assets. | Full Article
Italy short-term debt costs halve at auction
December 28, 2011 08:15 AM ET
MILAN (Reuters) - Italy's short-term debt costs halved at auction Wednesday as a new package of budget austerity and an injection of cheap long-term money from the European Central Bank won Rome some respite in thin year-end markets. | Full Article
Deutsche Boerse, NYSE extend merger deadline to sway Europe
December 28, 2011 08:23 AM ET
LONDON (Reuters) - Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince European regulators to back the $9 billion deal. | Full Article
U.S. says China not currency manipulator; chides Japan
December 28, 2011 08:06 AM ET
WASHINGTON (Reuters) - The U.S. Treasury again shied away from labeling China a currency manipulator on Tuesday, but it rapped the country for not moving quickly enough on exchange rate reforms. | Full Article
Netflix, Gap lag in customer satisfaction online
December 28, 2011 08:21 AM ET
(Reuters) - Netflix Inc and Gap Inc were among the worst performers in customer satisfaction among the largest online retailers this holiday season, according to a survey released on Wednesday. | Full Article
US TOP NEWS
Snow and tears mark funeral for North Korean leader
December 28, 2011 06:59 AM ET
SEOUL (Reuters) - The world watched anxiously on Wednesday as North Korea staged a huge funeral in the capital, Pyongyang, for former leader Kim Jong-il, searching for signs of what to expect from the isolated nation that may be close to attaining nuclear weapons capacity. | Full Article
Obama taps economist, banker as Fed governors
December 27, 2011 07:43 PM ET
HONOLULU/WASHINGTON (Reuters) - President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors. | Full Article
Analysis: China needs new policy course as capital tide turns
December 28, 2011 08:11 AM ET
BEIJING (Reuters) - China's economy has surfed for years on a crest of hefty capital inflows, but the tide that brought gains in money supply is turning as global growth slows. | Full Article
Iran navy chief says closing Gulf "really easy"
December 28, 2011 08:22 AM ET
TEHRAN (Reuters) - Closing off the Gulf to oil tankers will be "easier than drinking a glass of water" for Iran if the Islamic state deems it necessary, state television reported on Wednesday, ratcheting up fears over the world's most important oil chokepoint. | Full Article
"Nothing frightening" seen in Syria protest hotbed: monitor
December 28, 2011 08:16 AM ET
BEIRUT (Reuters) - Arab League monitors checking if Syria is ending a military crackdown on popular unrest said they saw "nothing frightening" in an initial visit to the protest hotbed of Homs, although a longer investigation would be needed. | Full Article
HEALTH NEWS
Insight: FDA warned PIP on breast implant safety in 2000
Third infant infected as U.S. probes baby formula
Breast implants need lifetime of care: experts
Venezuela offers free removal of PIP breast implants
Want a pet cat? Think again, researchers say
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