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Friday, December 23, 2011

U.S. Top News Early Edition: Senate approves two-month extension of payroll tax cut

Reuters
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12/23/2011
News Good Morning
LATEST NEWS
Senate approves two-month extension of payroll tax cut
(Reuters) - The Senate on Friday approved a two-month extension of a payroll tax cut that otherwise is set to expire on December 31, clearing the way for a vote in the House of Representatives that could occur shortly. | Full Article
Suicide bombers kill 40 in Damascus, Syria says
December 23, 2011 09:33 AM ET
BEIRUT (Reuters) - Suicide car bombers struck Damacus on Friday, officials said, killing 40 people, gutting buildings and sending human limbs flying in the bloodiest violence to hit Syria's capital in a nine-month-old uprising against President Bashar al-Assad. | Full Article
In ad for newsletter, Ron Paul forecast "race war"
December 23, 2011 08:56 AM ET
WASHINGTON (Reuters) - A direct-mail solicitation for Ron Paul's political and investment newsletters two decades ago warned of a "coming race war in our big cities" and of a "federal-homosexual cover-up" to play down the impact of AIDS. | Full Article
Consumer, business spending point to slower growth
December 23, 2011 09:24 AM ET
WASHINGTON (Reuters) - U.S. consumer spending was tepid in November and a gauge of business investment plans fell for a second month, pointing to some loss of momentum in the economy as the year ends. | Full Article
Pakistan army chief says coup fears "speculation"
December 23, 2011 09:34 AM ET
ISLAMABAD (Reuters) - Pakistan's powerful military pledged on Friday to continue supporting democracy, reiterating it was not planning a takeover as tensions grew over a controversial memo alleging an army plot to seize power. | Full Article
BUSINESS NEWS
Futures point to higher open after mixed data
December 23, 2011 09:18 AM ET
NEW YORK (Reuters) -Stocks were set to climb at the open on Friday, with the S&P 500 on track for a fourth straight day of gains as modest durable goods and consumer spending data was not enough to dampen optimism the U.S. recovery remained on track. | Full Article
S&P: Banks downgrade threat remains despite ECB funds
December 23, 2011 09:35 AM ET
FRANKFURT (Reuters) - The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself protect them from threatened rating downgrades, one of Standard and Poor's top executives said. | Full Article
Exclusive: China's CIC to get $50 billion boost
December 23, 2011 05:53 AM ET
BEIJING (Reuters) - China's $410 billion sovereign wealth fund China Investment Corp. is set to receive additional funding of up to $50 billion, two sources said, a step that could help it move quickly to buy overseas assets, especially in Europe. | Full Article
Exclusive: Petronas in talks with oil majors for petchem tie-up
December 23, 2011 05:52 AM ET
KUALA LUMPUR (Reuters) - Petronas is in talks with several global oil majors including Shell and Exxon Mobil to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said. | Full Article
Clearing in spotlight after MF Global debacle
December 23, 2011 07:50 AM ET
LONDON (Reuters) - The collapse of U.S. futures brokerage MF Global has brought to light inconsistencies in the way clearing houses operate, prompting questions over regulatory plans to use more of these platforms to make markets safer. | Full Article
HEALTH NEWS
France recommends removal of suspect breast implants
Germany urges women to check suspect breast implants
Where's the Beef: U.S. beef consumption in decline
Very preterm boys less likely to live than girls
High lead exposure linked to hearing loss in youth
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