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 | 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 | | | | RELATED VIDEO | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | » MORE NEWSLETTERS | | ODDLY ENOUGH | | | |
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