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Wednesday, December 7, 2011

U.S. Top News Early Edition: Olympus board signals it will quit

Reuters
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12/7/2011
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LATEST NEWS
Olympus board signals it will quit
TOKYO (Reuters) - Olympus Corp's board signaled plans to quit over a $1.7 billion accounting fraud, but will likely pick a team of potential successors, triggering a battle for control of the Japanese firm with the former CEO who blew the whistle on the scandal. | Full Article
Economists see France losing AAA in 3 months: Reuters poll
December 07, 2011 08:12 AM ET
PARIS (Reuters) - France will lose its AAA credit rating early next year regardless of last-ditch efforts by President Nicolas Sarkozy to resolve the euro zone crisis at an EU summit this week, a Reuters poll of economists showed on Wednesday. | Full Article
Obama hits Republicans, Wall Street in populist speech
December 07, 2011 09:16 AM ET
OSAWATOMIE, Kansas (Reuters) - President Barack Obama blasted his Republican foes and Wall Street on Tuesday as he portrayed himself as a champion of the middle class and laid out in the starkest terms yet the populist themes of his 2012 re-election bid. | Full Article
Exclusive: D.Boerse, NYSE mull spin-off on EU demands
December 07, 2011 09:34 AM ET
FRANKFURT (Reuters) - Deutsche Boerse AG and NYSE Euronext could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger, two sources familiar with the Boerse's thinking said. | Full Article
Putin takes formal step to regain Kremlin top job
December 07, 2011 09:18 AM ET
MOSCOW (Reuters) - Vladimir Putin filed candidacy papers for a March 4 presidential election on Wednesday while his opponents prepared for more protests over a parliamentary vote they say was rigged in favor of his ruling party. | Full Article
BUSINESS NEWS
Stock futures point to weak open ahead of Europe summit
December 07, 2011 09:27 AM ET
NEW YORK (Reuters) - Stocks index futures pointed to slight losses at the open on Wednesday as investors found little reason to keep buying after two gains of gains and ahead of a European summit on the region's debt crisis. | Full Article
Banks seek to avoid Volcker rule "fire sale"
December 07, 2011 08:00 AM ET
WASHINGTON/CHARLOTTE (Reuters) - U.S. banks want regulators to give them more time to liquidate investments in certain private equity funds under the Volcker rule, arguing that without more leeway they will have to hold "fire sales." | Full Article
Mortgage applications jumped last week: MBA
December 07, 2011 07:18 AM ET
NEW YORK, Dec 7 - Applications for home mortgages jumped last week, recouping last week's steep decline as interest rates continued to fall, an industry group said on Wednesday. | Full Article
China growth to ease as export outlook darkens
December 07, 2011 05:37 AM ET
BEIJING (Reuters) - China's annual rate of export growth slowed in November versus October, Vice Commerce Minister Chong Quan said on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world's No. 2 economy. | Full Article
Tepco plans $1.3 billion in additional cost cuts: source
December 07, 2011 07:43 AM ET
TOKYO (Reuters) - Tokyo Electric Power Co plans an additional 100 billion yen ($1.3 billion) in cost cuts and is considering selling thermal power plants to help cover compensation and cleanup costs at its crippled Fukushima nuclear power plant, a source familiar with the situation said on Wednesday. | Full Article
HEALTH NEWS
Aging in office: U.S. presidents often outlive peers
Women's post-natal depression linked to partners' abuse: study
Sanofi rebuffs renewed Lantus cancer worries
FDA eyes stronger warning on popular birth control
All in the family: Inbreeding key to bedbug spread
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