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Tuesday, December 27, 2011

U.S. Top News Early Edition: Sears to close more stores as holiday sales slump

Reuters
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12/27/2011
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LATEST NEWS
Sears to close more stores as holiday sales slump
(Reuters) - Sears Holdings Corp will close up to 120 stores in its Kmart and namesake chains, blaming poor sales of consumer electronics so far this holiday season and saying it would focus its energy on its better performing stores. | Full Article
Insight: FDA warned PIP on breast implant safety
December 27, 2011 06:11 AM ET
WASHINGTON (Reuters) - As early as 2000, U.S. health authorities raised concerns about the French breast implant maker at the heart of a scandal affecting hundreds of thousands of women worldwide. That was almost ten years before the company came under scrutiny from European regulators. | Full Article
Analysis: U.S. rental demand lifts housing sector
December 27, 2011 04:55 AM ET
(Reuters) - Brian Keith is busier than ever as the architecture firm he works for rushes to wrap up work on a 300-unit apartment complex in Dallas. | Full Article
U.S. stores hope "Mega Monday" led to brisk sales
December 26, 2011 05:02 PM ET
(Reuters) - Shoppers found a mixed bag of bargains and so-so deals on Monday, as a day off for many Americans lured some out for what was likely to be the third-busiest shopping day of the holiday season. | Full Article
Arab monitors tour Homs, Syrian tanks seen leaving
December 27, 2011 08:42 AM ET
BEIRUT (Reuters) - At least 20,000 people protested in Homs on Tuesday against Syrian President Bashar al-Assad as Arab League peace monitors began to tour the flashpoint city and the army withdrew some tanks following battles that killed 34 people. | Full Article
BUSINESS NEWS
Futures point to dip at open after home price data
December 27, 2011 09:34 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a modestly lower open on Tuesday as investors found little reason to continue buying in what was expected to be a light-volume session following recent gains. | Full Article
House prices fall sharply in October
December 27, 2011 09:30 AM ET
WASHINGTON (Reuters) - Single-family home prices fell more than expected in October, according to data on Tuesday that underscored the challenges facing the housing market. | Full Article
Mead Johnson shares up
December 27, 2011 09:12 AM ET
NEW YORK (Reuters) - Mead Johnson shares rose nearly 5 percent in premarket trade on Tuesday after the maker of Enfamil baby formula said its products were safe, even as health officials continue their investigation following the death of an infant. | Full Article
E&Y audit panel says no violations in Olympus handover
December 27, 2011 06:09 AM ET
TOKYO (Reuters) - A panel reviewing the auditing of Olympus Corp after its $1.7 billion accounting scandal said it had so far not found any problems with the work of Ernst & Young's Japanese arm and questioned the accuracy of a separate investigation critical of auditors. | Full Article
Debt-riddled Japan relaxes decades-old arms exports ban
December 27, 2011 04:08 AM ET
TOKYO (Reuters) - Debt-riddled Japan Tuesday relaxed its self-imposed decades-old ban on military equipment exports in a move that will open new markets to its defense contractors and help the nation squeeze more out of its defense budget. | Full Article
HEALTH NEWS
Breast implants need lifetime of care: experts
PIP implants sold to Dutch firm under new name
Latin American women fret over scandal-hit implants
Ulcer bacteria may protect against diarrhea: study
China's Mengniu says destroys tainted milk
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