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Monday, December 5, 2011

U.S. Top News Early Edition: "Merkozy" under pressure to agree to budget masterplan

Reuters
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12/5/2011
News Good Morning
LATEST NEWS
"Merkozy" under pressure to agree to budget masterplan
PARIS (Reuters) - The leaders of Germany and France met on Monday under intense pressure to agree a plan for imposing budget discipline across the euro zone, as markets rallied in the hope they can produce a sweeping solution to the debt crisis at last. | Full Article
Japan's Olympus hid up to $1.7 billion
December 05, 2011 08:12 AM ET
TOKYO (Reuters) - An investigative panel has found Japan's disgraced Olympus Corp hid up to $1.67 billion in losses from its investors, but is likely to say there is no evidence of involvement by organized crime in the cover-up, a source said Monday. | Full Article
Putin's party clings to reduced majority in Russia
December 05, 2011 08:06 AM ET
MOSCOW (Reuters) - Vladimir Putin's ruling party clung to a much reduced majority in parliament on Monday after an election that showed growing weariness with the man who has dominated Russia for more than a decade and plans to return to the presidency next year. | Full Article
U.S. official says Iran becoming a pariah state
December 05, 2011 08:49 AM ET
SEOUL (Reuters) - A senior U.S. official on Monday said the situation over Iran's nuclear program was becoming increasingly worrying and an urgent diplomatic solution needs to be found. | Full Article
Lehman Brothers close to naming a new board: report
December 05, 2011 08:08 AM ET
(Reuters) - The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter. | Full Article
BUSINESS NEWS
Stock futures advance on euro zone optimism
December 05, 2011 09:14 AM ET
NEW YORK (Reuters) - Stock indexes pointed to gains of about 1 percent at the open on Monday, building on the previous week's gains, as optimism grew that an upcoming European Union summit would break new ground to resolve the euro zone debt crisis. | Full Article
CFTC set to vote on rule opposed by MF Global
December 05, 2011 09:32 AM ET
WASHINGTON (Reuters) - The U.S. futures regulator will vote on Monday on a rule that would put tighter limits on how brokerage firms can use customer funds, a measure now-bankrupt MF Global had encouraged the agency to delay. | Full Article
Brokerages cut RIM price targets on profit warning
December 05, 2011 08:34 AM ET
(Reuters) - At least four brokerages slashed their price targets on Research in Motion's U.S.-listed stock after the BlackBerry maker warned of lower profit amid falling sales and an inventory pile up of its PlayBook tablet. | Full Article
MetLife sees 2012 growth, going back to Fed soon
December 05, 2011 09:13 AM ET
(Reuters) - MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations. | Full Article
Samsung up after Apple's bid to ban Galaxy rejected
December 05, 2011 07:39 AM ET
SEOUL (Reuters) - Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter. | Full Article
HEALTH NEWS
Insight: Stem cell therapy poised to come in from the cold
Child "sexters" risk arrest, but problem uncommon
UK reforms to push use of new medicines
Qatar World Cup organizers help Somalia famine victims
Apple's Siri irks abortion rights advocates
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