DAI: Oracle sinks Nasdaq; Dow, S&P hold firm

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	12/21/2011
Good Evening LATEST NEWS Oracle sinks Nasdaq; Dow, S&P hold firm NEW YORK (Reuters) - Technology shares slumped on Wednesday and pushed the Nasdaq down 1 percent after Oracle reported results that cast doubts on the sector's health, even as broader markets closed mostly flat in a thinly traded day. | Full Article BofA's Countrywide to pay $335 million over bias case December 21, 2011 03:46 PM ET WASHINGTON (Reuters) - Bank of America Corp's Countrywide Financial unit agreed on Wednesday to pay a record $335 million to settle civil charges that it discriminated against minority homebuyers, a historic settlement for the Obama administration in the wake of the subprime mortgage morass. | Full Article Fitch again warns U.S. debt burden threatens AAA rating December 21, 2011 03:56 PM ET NEW YORK (Reuters) - Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining the country's top AAA credit rating, but said there would likely be no decision on whether to cut the rating before 2013. | Full Article Exclusive: Italian banks tap 116 billion euros of ECB loans December 21, 2011 01:39 PM ET ROME/MILAN (Reuters) - More than a dozen Italian banks, including top lenders UniCredit and Intesa Sanpaolo , tapped 116 billion euros ($143.52 billion) of new three-year loans offered by the European Central Bank, nearly a quarter of the total, three sources with direct knowledge of the matter told Reuters. | Full Article Heungkuk drops Timberwolf lawsuit against Goldman December 21, 2011 03:38 PM ET NEW YORK (Reuters) - Heungkuk Life Insurance Co has withdrawn a lawsuit accusing Goldman Sachs & Co of secretly betting against a collateralized debt obligation the bank had sold to its clients. | Full Article US TOP NEWS Obama presses Boehner to compromise on tax deal December 21, 2011 04:31 PM ET WASHINGTON (Reuters) - In a bid to end a worsening standoff over extending a tax break for Americans, President Barack Obama urged Republican House of Representatives Speaker John Boehner on Wednesday to pass a short-term extension and return to talks on a year-long deal in the New Year. | Full Article Exclusive: North Korea's military to share power with Kim's heir December 21, 2011 04:16 PM ET BEIJING (Reuters) - North Korea will shift to collective rule from a strongman dictatorship after last week's death of Kim Jong-il, although his untested young son will be at the head of the ruling coterie, a source with close ties to Pyongyang and Beijing said. | Full Article Iraq PM warns Sunnis could be shut from power December 21, 2011 02:51 PM ET BAGHDAD (Reuters) - Iraq's Sunni Muslim minority rejected a call for all-party talks on Wednesday, ignoring U.S. pressure for dialogue to resolve a sectarian crisis that has erupted since American forces left the country this week. | Full Article Banks gorge on ECB loans, market cheer short-lived December 21, 2011 01:35 PM ET FRANKFURT (Reuters) - Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies. | Full Article Labor board gives U.S. unions a rare victory December 21, 2011 02:59 PM ET WASHINGTON (Reuters) - The U.S. labor movement has not gotten the sweeping changes to organizing rules that it wants from the Obama administration, but a new rule may give unions a modest boost. | Full Article HEALTH NEWS Insight: Russia says no to West's way with HIV Hong Kong culls chickens at market, bans trade, as H5N1 found Early help may improve preemies' behavior later UK authorities see no breast implant cancer link Antidepressant, talk therapy fail to beat placebo RELATED VIDEO How to play movie-related stocks Morning Briefing: Egyptians back at polls, ECB offers loans U.S. Morning Call: Oracle forecast may push tech stocks down A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Waiting for Congress, Obama takes dog Bo shopping Full Article Hungary tech firm immortalizes Steve Jobs in bronze Mystery buyer acquires vatican.xxx web address Florida town seeks nudist vacationers from Europe Canadian charity throws doomed bunnies a lifeline Portugal police boss suspended for saucy X-mas email - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend