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Wednesday, December 14, 2011

DAI: Wall Street ends down for 3rd day

Reuters
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12/14/2011
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LATEST NEWS
Wall Street ends down for 3rd day
NEW YORK (Reuters) - Stocks fell for a third day and hit their lowest level in two weeks on Wednesday as widespread risk aversion sent commodity prices tumbling, drove the euro to its lowest in a year and forced Italy to pay a euro-era high to sell debt. | Full Article
Insight: MF Global puts harsh light on self-regulation
December 14, 2011 02:35 PM ET
WASHINGTON (Reuters) - Two weeks after MF Global's collapse, officials from the Commodity Futures Trading Commission briefed Senate staff on the brokerage firm's final days. When asked about reports that the brokerage firm had written checks that bounced when customers tried to cash them, the regulators had an admission that surprised the room: they didn't know about the bad checks. | Full Article
OPEC oil deal puts Saudi back in charge
December 14, 2011 03:12 PM ET
VIENNA (Reuters) - OPEC oil producers on Wednesday sealed their first new output agreement in three years in a deal that settles a 6-month-old argument over supply policy firmly in Saudi Arabia's favor. | Full Article
Fed won't bail Europe out, Bernanke tells lawmakers
December 14, 2011 03:42 PM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Republican senators on Wednesday the Fed can't and won't provide bailout funds to support European banks or nations, lawmakers said. | Full Article
Avon needs bold change as Jung's CEO tenure ends
December 14, 2011 04:34 PM ET
(Reuters) - Avon Products Inc's decision to look outside its walls for a new CEO is viewed as an admission that the cosmetics brand needs a major overhaul rather than the small make-overs it has undertaken in recent years. | Full Article
US TOP NEWS
Germans rebuff calls for ECB action after summit
December 14, 2011 02:29 PM ET
BERLIN/FRANKFURT (Reuters) - Germany's chancellor and central banker urged Europe to stick to stricter budget discipline and forget about one-shot solutions after financial markets judged that another EU summit had failed to resolve the euro zone's debt crisis. | Full Article
Tax fight gets nastier as government shutdown looms
December 14, 2011 04:35 PM ET
WASHINGTON (Reuters) - The United States on Wednesday faced the prospect of an imminent government shutdown for the third time this year as a fight between lawmakers in Congress over taxes and spending turned nastier. | Full Article
China says will hit U.S. auto imports with duties
December 14, 2011 04:24 PM ET
BEIJING/WASHINGTON (Reuters) - China will impose punitive duties of up to 22 percent on large cars and SUVs exported from the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies. | Full Article
Obama: Troops leaving Iraq with heads held high
December 14, 2011 03:53 PM ET
FORT BRAGG, North Carolina (Reuters) - President Barack Obama welcomed home some of the last U.S. troops from Iraq on Wednesday, marking a symbolic end to the nearly nine-year war that strained America's armed forces and damaged its standing worldwide. | Full Article
Analysis: Supreme Court immigration case a federal-state test
December 14, 2011 03:28 PM ET
WASHINGTON (Reuters) - The Supreme Court's promised ruling next year on Arizona's immigration crackdown could turn on how much a state can intrude on federal government enforcement powers. | Full Article
HEALTH NEWS
Cancer group aims to boost trust in guidelines
Analysis: Big Pharma gets a driving lesson from carmakers
Kids' leukemia risk tied to dads' smoking
Teen smoking at historic lows but marijuana use high: survey
2.5 million young adults insured due to reforms: U.S.
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