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Monday, December 19, 2011

U.S. Top News Early Edition: North Korea mourns dead leader, son hailed as "Great Successor"

Reuters
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12/19/2011
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North Korea mourns dead leader, son hailed as "Great Successor"
SEOUL (Reuters) - North Koreans poured into the streets on Monday to mourn the death of iron leader Kim Jong-il as state media hailed his untested son as the "Great Successor" of the reclusive state whose atomic weapons ambitions are a major threat to the region. | Full Article
Fate of payroll tax break uncertain
December 19, 2011 07:02 AM ET
WASHINGTON (Reuters) - A tax break for 160 million U.S. workers was in doubt on Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend. | Full Article
Eurozone pursues IMF lending plan
December 19, 2011 08:59 AM ET
BRUSSELS (Reuters) - European finance ministers will pursue plans to enhance the IMF's arsenal and press on with a drive for tighter fiscal rules in an attempt to assuage doubts they can overcome their sovereign debt crisis. | Full Article
Saab heads for scrapyard as long rescue quest fails
December 19, 2011 09:12 AM ET
TROLLHATTAN, Sweden (Reuters) - Car maker Saab ran out of room for maneuver on Monday when its Dutch owner filed for bankruptcy, calling time on a nine-month battle to rescue the struggling Swedish marquee. | Full Article
Paul leads in Iowa as Gingrich support erodes: poll
December 19, 2011 09:36 AM ET
WASHINGTON (Reuters) - Republican presidential hopeful Newt Gingrich suffered a big drop in support in Iowa with Ron Paul taking the lead weeks before a key caucus in the state, according to a Democratic polling firm. | Full Article
BUSINESS NEWS
Wall Street set to rebound after hefty losses
December 19, 2011 09:25 AM ET
NEW YORK (Reuters) - Wall Street stocks were set for a higher open on Monday after a steep market decline last week as plans emerged to ease Europe's debt crisis, potentially offsetting geopolitical concerns after the death of North Korea's leader. | Full Article
Investors brace for 2012 with higher cash, stocks: Reuters poll
December 19, 2011 09:22 AM ET
LONDON (Reuters) - Investors raised their cash balance to the highest in a year in December as they prepared for a jittery 2012 with growing concerns over the euro zone debt crisis, although some dipped back into cheap equities, Reuters polls showed on Monday. | Full Article
Markets may play jilted lover in euro zone drama
December 19, 2011 04:48 AM ET
LONDON (Reuters) - The euro zone debt crisis may be as much about the heart as it is about the head -- like a jilted lover, markets are just finding it hard to trust again. | Full Article
Analysis: China's "severe" export outlook
December 19, 2011 09:19 AM ET
(Reuters) - China could record a rare trade deficit next year, which would test both Beijing's resolve to go slowly on policy easing and its trading partners' ability to adapt. | Full Article
Default notices spur strategic review at Sino-Forest
December 19, 2011 12:20 AM ET
TORONTO (Reuters) - Sino-Forest , a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options for the company that could include its sale. | Full Article
HEALTH NEWS
One-third of young U.S. adults have been arrested: study
Analysis: Deficit may be biggest threat to healthcare reforms
Elite athletes at greater risk for arthritis: study
Surgery checklist works, but benefits vary: study
India targets hunger with huge food subsidy plan
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