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Friday, December 9, 2011

U.S. Top News Early Edition: Europe moves ahead with fiscal union, UK isolated

Reuters
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12/9/2011
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Europe moves ahead with fiscal union, UK isolated
BRUSSELS (Reuters) - Europe divided on Friday in a historic rift over building a closer fiscal union to preserve the euro, with an overwhelming majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving the EU's third biggest economy Britain isolated. | Full Article
MF Global's Corzine: I did not intend to break rules
December 08, 2011 11:21 PM ET
WASHINGTON (Reuters) - A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he "never intended" to break rules and had no clue what happened to hundreds of millions of dollars in missing customer money. | Full Article
Pakistan army believes NATO attack planned: reports
December 09, 2011 06:02 AM ET
ISLAMABAD (Reuters) - A senior Pakistani military officer said a NATO air strike killing 24 Pakistani troops on the Afghan border last month was pre-planned and warned of more attacks, comments likely to fuel tension with the United States. | Full Article
Police link fatal shootings on Virginia Tech campus
December 09, 2011 08:46 AM ET
BLACKSBURG, Virginia (Reuters) - The weapon used to kill a Virginia Tech police officer also was used to shoot a second man found dead on campus, Virginia State Police said on Friday. | Full Article
U.S. retailers trim Europe plans on region's debt woes
December 09, 2011 08:14 AM ET
LONDON (Reuters) - A string of big-brand U.S. retailers may curb their UK and European expansion plans, deterred by the region's bleak consumer outlook and nervousness over the unfolding sovereign debt crisis in the euro zone. | Full Article
BUSINESS NEWS
Wall Street rises after EU deal, corporate views weigh
December 09, 2011 09:37 AM ET
NEW YORK (Reuters) - Stocks rose on Friday after EU leaders agreed on measures that partially address the region's debt crisis, but downbeat outlooks from DuPont and Co and Texas Instruments Inc capped gains. | Full Article
Moody's cuts three French banks
December 09, 2011 07:34 AM ET
PARIS (Reuters) - Ratings agency Moody's downgraded the debt of BNP Paribas , Societe Generale , and Credit Agricole on Friday, citing deteriorating liquidity and funding conditions. | Full Article
October trade gap narrows to lowest in 10 months
December 09, 2011 09:04 AM ET
WASHINGTON (Reuters) - The U.S. trade deficit narrowed in October to its lowest in 10 months, but imports from China hit a record high, a government report showed on Friday. | Full Article
Exclusive: China to create $300 billion FX investment vehicle
December 09, 2011 07:29 AM ET
BEIJING (Reuters) - China's central bank plans to create a new vehicle to manage investment funds worth a total of $300 billion to improve returns on the world's largest stockpile of foreign exchange reserves, a source with knowledge of the matter told Reuters. | Full Article
Toyota halves profit view
December 09, 2011 05:08 AM ET
TOKYO (Reuters) - Toyota, set to lose its crown as the world's top-selling automaker this year, more than halved its annual profit forecast to $2.6 billion, reeling from a strong yen and Thai floods that severed its supply lines. | Full Article
HEALTH NEWS
FDA advisers: revise popular birth control labels
Top court schedules Obama healthcare law briefs
Health Secretary blocks wider access to morning-after pill
Vitamin D doesn't prevent heart attack or cancer
Some depressed people do worse on medications: study
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