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Tuesday, December 20, 2011

U.S. Top News Early Edition: In mourning, hermit kingdom North Korea seals itself off

Reuters
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12/20/2011
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LATEST NEWS
In mourning, hermit kingdom North Korea seals itself off
DANDONG, China/WASHINGTON (Reuters) - North Korea was in seclusion on Tuesday, a day after it announced the death of its leader Kim Jong-il, as concern mounted over what would happen next in the deeply secretive nation that is trying to build a nuclear arsenal. | Full Article
Housing starts hit 1.5 year high in November
December 20, 2011 09:35 AM ET
WASHINGTON (Reuters) - Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover. | Full Article
Deutsche Telekom could be forced into arms of Sprint
December 20, 2011 09:05 AM ET
FRANKFURT (Reuters) - Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed. | Full Article
Spain borrowing costs dive
December 20, 2011 08:47 AM ET
MADRID (Reuters) - Short-term financing costs for euro zone struggler Spain more than halved on Tuesday as banks lapped up debt at an auction, with much of the purchasing power said to come from cut-rate money to be lent by the European Central Bank. | Full Article
House Republicans push for new payroll tax cut talks
December 20, 2011 09:21 AM ET
WASHINGTON (Reuters) - The Republican-led House of Representatives will set the stage on Tuesday for a showdown with Senate Democrats over a payroll tax cut extension that is becoming a proxy for 2012 election year battles. | Full Article
BUSINESS NEWS
Wall Street to rebound at open, volatility seen
December 20, 2011 09:22 AM ET
NEW YORK (Reuters) - Stocks were poised to rebound at the open Tuesday after declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries. | Full Article
General Mills earnings miss
December 20, 2011 08:29 AM ET
(Reuters) - General Mills Inc posted disappointing quarterly earnings, hurt by higher ingredient costs, and its shares fell nearly 3 percent, while rival ConAgra Foods Inc topped Wall Street's expectations. | Full Article
Olympus to issue $1.3 billion in new capital: report
December 20, 2011 06:26 AM ET
TOKYO (Reuters) - Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, the Nikkei business daily reported. | Full Article
German business morale rises, defies euro zone gloom
December 20, 2011 07:56 AM ET
BERLIN (Reuters) - German business sentiment rose sharply in December, defying expectations for a decline and underscoring the resilience of Europe's dominant economy in the face of a sovereign debt crisis that has hammered euro zone growth. | Full Article
Three European companies douse hopes for new drugs
December 20, 2011 05:24 AM ET
LONDON/PARIS (Reuters) - Three of Europe's biggest drugmakers -- AstraZeneca , Novartis and Sanofi -- reported product setbacks on Tuesday, underlining the difficulties of developing new medicines to make up for those going off patent. | Full Article
HEALTH NEWS
Supreme Court sets Obama healthcare arguments
DHEA hormone may help women through menopause: study
FDA to review Pfizer rheumatoid arthritis drug
Fake-tan lotion users tend to stay out of sun: study
Patients want to read, share their medical records
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