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Monday, December 12, 2011

U.S. Top News Early Edition: Euro zone fiscal pact fails to restore confidence

Reuters
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12/12/2011
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Euro zone fiscal pact fails to restore confidence
LONDON/PARIS (Reuters) - A European summit deal to strengthen budget discipline in the euro zone failed to restore financial market confidence on Monday, forcing the European Central Bank to step in again gingerly. | Full Article
Olympus ex-CEO to meet MPs, push for Japan reform: source
December 12, 2011 07:43 AM ET
TOKYO (Reuters) - The whistleblower in a $1.7 billion accounting scandal at Japan's Olympus Corp, ex-CEO Michael Woodford, plans to meet ruling-party lawmakers in Tokyo this week as he lobbies for reforms to Japanese boardrooms, a source said on Monday. | Full Article
Putin ally wants new liberal party after Russia protests
December 12, 2011 08:52 AM ET
MOSCOW (Reuters) - A longtime ally of Vladimir Putin called on Monday for the creation of a liberal party to fill a void in Russian politics exposed by mass protests against the prime minister's 12-year rule, and cast himself as its potential leader. | Full Article
Pakistani government denies talks with Taliban
December 12, 2011 07:17 AM ET
ISLAMABAD (Reuters) - Pakistan's interior minister and prime minister have both denied the government is holding peace talks with its homegrown Taliban, according to media, saying it would do so only if the militants first disarmed and surrendered. | Full Article
Obama says to keep standing up to Congress on taxes
December 11, 2011 07:01 PM ET
WASHINGTON (Reuters) - President Barack Obama defended his leadership style on Sunday and said he would keep standing up to Congress as another stand-off over taxes and deficits brewed on Capitol Hill. | Full Article
BUSINESS NEWS
Futures extend losses after Intel guidance
December 12, 2011 09:33 AM ET
NEW YORK (Reuters) - Stock index futures extended losses on Monday after Intel Corp cut its fourth quarter revenue expectations. | Full Article
Intel cuts Q4 outlook on supply shortage
December 12, 2011 09:34 AM ET
(Reuters) - Intel Corp warned on Monday that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply shortages. | Full Article
Greece opens bailout, debt swap talks
December 12, 2011 07:25 AM ET
ATHENS (Reuters) - Greece began a round of talks with the EU, the IMF and bankers on Monday, with negotiators facing a tight timetable to decide key aspects of a new bailout plan to pull the country out of its economic crisis. | Full Article
RBS report urges tougher rules on bank M&A, execs
December 12, 2011 08:51 AM ET
LONDON (Reuters) - Bank takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain's finance watchdog said in a long-awaited report into Royal Bank of Scotland's near collapse. | Full Article
Italy yields stay close to record high at 1-year auction
December 12, 2011 07:46 AM ET
MILAN (Reuters) - Italian one-year borrowing costs stayed close to a record high at an auction on Monday, in an early sign that last week's EU summit failed to reassure investors European leaders can take the urgent steps required to stem the euro zone debt crisis. | Full Article
HEALTH NEWS
Poor mental health harming productivity, says OECD
Some depressed people do worse on drugs: study
Giving birth is a battle for survival in Afghanistan
Analysis: U.S. focus on birth control may raise new concerns
Barefoot workouts gain ground
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