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Friday, January 6, 2012

Business Today: Jobs hopes buoy stocks, debt outlook dents

Reuters
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01/6/2012
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LATEST NEWS
Jobs hopes buoy stocks, debt outlook dents
LONDON (Reuters) - Stocks firmed on Friday on hopes that U.S. jobs data due later in the day will show a stronger outlook for the world's biggest economy, but the euro hit a 16-month low on worries over the region's economic health and further debt sales due next week. | Full Article
Payroll jobs up, jobless rate falls to near 3-year low
January 06, 2012 08:35 AM ET
WASHINGTON (Reuters) - Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity. | Full Article
Woodford to sue Olympus over firing, drops CEO bid
January 06, 2012 08:09 AM ET
TOKYO (Reuters) - The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family. | Full Article
ECB's Orphanides wants to stop making banks pay for Greece
January 06, 2012 07:14 AM ET
FRANKFURT (Reuters) - European Central Bank policymaker Athanasios Orphanides called for euro zone leaders to abandon plans to make private sector investors help reduce Greece's debts - a move likely to get little traction with the currency bloc's paymaster, Germany. | Full Article
Best Buy's December same-store sales fall
January 06, 2012 08:29 AM ET
(Reuters) - Best Buy Co reported on Friday a 1.2 percent fall in December same-store sales, as weak demand in Canada and Europe hurt the world's largest consumer electronics chain. | Full Article
US TOP NEWS
Iran plans more war games in strait as sanctions bite
January 06, 2012 08:03 AM ET
TEHRAN (Reuters) - Iran announced plans on Friday for new military exercises in the world's most important oil shipping lane, the latest in weeks of bellicose gestures towards the West as new sanctions threaten Tehran's oil exports. | Full Article
Soros says EU break-up would be catastrophic: report
January 06, 2012 08:17 AM ET
(Reuters) - A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying. | Full Article
Suicide bomb kills 25 in Damascus: Syrian TV
January 06, 2012 08:21 AM ET
BEIRUT (Reuters) - A suicide bomber killed about 25 people and wounded 46 in Damascus on Friday, Syria's state news agency SANA said, in the third such attack in the Syrian capital in a month. | Full Article
Smartphones power Samsung to record Q4 profit
January 06, 2012 08:31 AM ET
SEOUL (Reuters) - Samsung Electronics, the world's top maker of memory chips and smartphones, reported a record quarterly profit on Friday, aided by one-off gains and best-ever sales of high-end phones. | Full Article
Global economy could endure disaster for a week
January 06, 2012 08:26 AM ET
LONDON (Reuters) - The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said. | Full Article
HEALTH NEWS
Czechs say women should replace PIP implants
France urges tighter EU rules on implants
Babies' sleep problems may persist over years, study says
Doctors pressure Hospira over execution drug
J&J to pay more than $1 billion to settle probe: report
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