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Thursday, December 29, 2011

U.S. Top News Early Edition: Alibaba hires U.S. lobbying firm as it eyes Yahoo

Reuters
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12/29/2011
News Good Morning
LATEST NEWS
Alibaba hires U.S. lobbying firm as it eyes Yahoo
(Reuters) - Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc in the event that talks to unwind their Asian partnership fail. | Full Article
Italy seeks bigger euro fund after tough debt sale
December 29, 2011 08:50 AM ET
MILAN/ROME (Reuters) - Italy's PM called for significantly more firepower for the euro zone's bailout fund after a bond auction did little to ease concerns over how the country would finance public spending in the next few months. | Full Article
Arab observers fan out across protest-hit Syria
December 29, 2011 08:51 AM ET
BEIRUT (Reuters) - Arab League peace monitors headed to three more Syrian cities on Thursday to check whether government forces have halted violence against protesters as Damascus promised after observers in the center of the unrest were mobbed by people demanding protection. | Full Article
North Korea hails nuclear, military feats of Kim Jong-il
December 29, 2011 09:07 AM ET
SEOUL (Reuters) - North Korea lauded the military might built up by deceased leader Kim Jong-il on Thursday, likely tying his young successor to the same policies that have set Northeast Asia on edge as the impoverished state inches closer to nuclear weapons capability. | Full Article
Retail sales resilient in final holiday stretch
December 28, 2011 06:27 PM ET
(Reuters) - Retail sales look poised for a solid finish to the holiday season as warm weather and deep discounts encouraged shoppers to hit stores or go online to snap up last-minute gifts, according to data released on Wednesday. | Full Article
BUSINESS NEWS
Futures point to slight gains after data
December 29, 2011 09:27 AM ET
NEW YORK (Reuters) - Stock index futures pointed to modest gains at the open on Thursday as a decline in Italian bond yields offset a weak reading on jobless claims a day after the S&P 500's gains for the year were erased. | Full Article
Jobless claims rise but labor market healing
December 29, 2011 08:52 AM ET
WASHINGTON (Reuters) - New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, but the underlying trend continued to point to improving labor market conditions. | Full Article
New York Times sends email to millions by mistake
December 29, 2011 09:05 AM ET
(Reuters) - Some 8 million people received emails from the New York Times on Wednesday offering a special discount if they would reconsider their decision to cancel their subscriptions. | Full Article
China speeds up QFII approvals amid signs of capital outflow
December 29, 2011 03:08 AM ET
SHANGHAI (Reuters) - China has since October granted nearly $1 billion in quotas for foreign institutions to invest in the country's capital markets following a five-month hiatus, reflecting Beijing's desire to encourage inbound investment amid signs of a capital outflow. | Full Article
Tough India IPO market drives deals between private equity funds
December 29, 2011 04:00 AM ET
MUMBAI (Reuters) - When Ind-Barath Power Infra Ltd dropped plans for a $200 million IPO earlier this year, it not only thwarted the fundraising plans of its controlling shareholder, but blocked an exit route for a clutch of private equity investors. | Full Article
HEALTH NEWS
Obesity tied to older adults' risk of falls: study
Mead Johnson confirms FDA visits in Enfamil probe
Parents show modest gains after smoking programs
New York unions sue over retiree health-care change
Exercise doesn't prevent pregnancy-related diabetes
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