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Tuesday, December 27, 2011

DAI: Wall Street finishes mostly flat in thin trade

Reuters
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12/27/2011
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LATEST NEWS
Wall Street finishes mostly flat in thin trade
NEW YORK (Reuters) - Stocks ended flat on Tuesday after fluctuating between small gains and losses in a light-volume session, as investors took a breather following a 5 percent rally last week. | Full Article
From Macy's to Sears, tales of holiday highs, lows
December 27, 2011 04:20 PM ET
(Reuters) - Macy's Inc and Wal-Mart Stores Inc continue to get high marks from Wall Street as the busy season draws to a close, while Sears Holdings Corp proved that it was really not a jolly holiday for all stores. | Full Article
Consumer confidence perks up, house prices sag
December 27, 2011 12:49 PM ET
WASHINGTON (Reuters) - U.S. consumer confidence hit an eight month high in December on improving job prospects, lending the economy further support, even though weak home prices could delay a recovery in the housing market. | Full Article
Appeals court to review BofA $8.5 billion MBS pact
December 27, 2011 04:38 PM ET
(Reuters) - A U.S. appeals court agreed to resolve a dispute among institutional investors over whether Bank of America Corp's $8.5 billion mortgage debt settlement should be sent back to a New York state court for approval. | Full Article
Sears to close more stores as holiday sales slump
December 27, 2011 01:45 PM ET
(Reuters) - Sears Holdings Corp will close as many as 120 of its Kmart and namesake big-box stores after sales during the peak holiday period fell sharply, and the retailer also forecast that fourth quarter earnings would fall by more than half, sending its shares plunging some 25 percent. | Full Article
US TOP NEWS
Obama to nominate economist, banker, as Fed governors
December 27, 2011 04:26 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
Democrat Nelson to retire from Senate
December 27, 2011 04:01 PM ET
(Reuters) - Democratic Senator Ben Nelson will retire next year, news reports said on Tuesday, dealing a significant blow to his party's hopes of keeping control of the Senate after the November 2012 elections. | Full Article
Mass anti-Assad protest in Homs as monitors visit
December 27, 2011 03:19 PM ET
BEIRUT (Reuters) - Tens of thousands of Syrians in Homs rallied on Tuesday against President Bashar al-Assad, emboldened by Arab peace monitors' first tour of the flashpoint city, after the army withdrew some tanks following days of unrest. | Full Article
More trouble for Gingrich as Iowa campaign quickens
December 27, 2011 02:50 PM ET
DES MOINES, Iowa, Dec 27 - Republican presidential candidate Newt Gingrich's campaign struggled to fend off more bad news on Tuesday after he was quoted supporting main rival Mitt Romney's healthcare reform in Massachusetts. | Full Article
Iran threatens to stop Gulf oil if sanctions widened
December 27, 2011 02:56 PM ET
TEHRAN (Reuters) - Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil. | Full Article
HEALTH NEWS
Insight: FDA warned PIP on breast implant safety in 2000
Breast implants need lifetime of care: experts
Regulators had not approved most PIP implants: lawyer
France tries to calm women over scandal-hit implants
Obesity linked to older adults' risk of falls
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