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Thursday, December 8, 2011

Business Today: Stock futures flat as euro zone summit looms

Reuters
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12/8/2011
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LATEST NEWS
Stock futures flat as euro zone summit looms
NEW YORK (Reuters) - Stock index futures were little changed on Thursday after investors pushed up stocks for three straight sessions, betting leaders come up with a solution to euro zone debt crisis at an upcoming summit. | Full Article
ECB cuts rates to record low on recession fears
December 08, 2011 07:56 AM ET
FRANKFURT (Reuters) - The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the euro zone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis. | Full Article
Corzine apologizes for collapse of MF Global
December 08, 2011 08:17 AM ET
WASHINGTON (Reuters) - Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is. | Full Article
McDonald's November sales up 7.4 percent
December 08, 2011 08:10 AM ET
(Reuters) - McDonald's Corp reported a bigger-than-expected rise in worldwide November sales at established restaurants, led by big gains in Japan, China and a strong showing in Europe, its top revenue market. | Full Article
ECB cuts rates as France, Germany press for EU deal
December 08, 2011 08:32 AM ET
FRANKFURT/MARSEILLE, France (Reuters) - The European Central Bank acted to soften a looming recession and avert a credit crunch in the debt-plagued euro zone by cutting interest rates on Thursday as European Union leaders prepared for a crucial summit. | Full Article
US TOP NEWS
S&P may downgrade EU, large euro-zone banks
December 07, 2011 08:37 PM ET
NEW YORK (Reuters) - Standard & Poor's warned on Wednesday that it could cut the credit ratings of the European Union and large euro-zone banks if a mass downgrade of euro-zone countries materializes. | Full Article
Package sent to Deutsche Bank CEO was bomb
December 08, 2011 08:01 AM ET
FRANKFURT (Reuters) - A suspicious envelope sent to Deutsche Bank Chief Executive Josef Ackermann was a letter bomb capable of exploding, investigators said on Thursday. | Full Article
Putin says U.S. stoked Russian protests
December 08, 2011 08:11 AM ET
MOSCOW (Reuters) - Prime Minister Vladimir Putin accused the United States on Thursday of stirring up protests against his 12-year rule and said foreign countries were spending hundreds of millions of dollars to influence Russian elections. | Full Article
Syria says pipeline blown up by rebel saboteurs
December 08, 2011 08:12 AM ET
BEIRUT (Reuters) - A Syrian pipeline carrying oil from the east of the country to a vital refinery in Homs was blown up Thursday in what the official news agency SANA said was an act of sabotage by an armed terrorist group. | Full Article
Many words, little action in consumer agency debate
December 08, 2011 12:31 AM ET
WASHINGTON (Reuters) - The answer to the Final Jeopardy! question of who will be the first director of the Consumer Financial Protection Bureau will not become known on Thursday. | Full Article
HEALTH NEWS
Health Secretary blocks wider access to morning-after pill
U.S. to test therapy to prevent birth defects
GE, Microsoft in healthcare software joint venture
Vow of chastity and the pill may keep nuns healthy
Some men can delay prostate cancer treatment: panel
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