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Wednesday, January 11, 2012

Business Today: Stock futures off after market hits 5-month high

Reuters
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01/11/2012
News Good Morning
LATEST NEWS
Stock futures off after market hits 5-month high
NEW YORK (Reuters) - Stock index futures dipped on Wednesday, a day after major indexes hit a five-month high, with pressure on the euro testing the recent view that the U.S. market was decoupling from Europe. | Full Article
EU treaty draft spells out escape clause
January 11, 2012 07:47 AM ET
BRUSSELS (Reuters) - A new EU fiscal treaty will only allow euro zone countries to incur budget deficits during severe economic downturns in the euro zone or other exceptional events, according to a draft of the document obtained by Reuters on Wednesday. | Full Article
Hostess returns to bankruptcy protection over pensions
January 11, 2012 08:09 AM ET
(Reuters) - Wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, nearly three years after emerging from a similar process, after failing to reach an agreement with workers on pension and health benefits. | Full Article
Icahn drops $1.73 billion bid for Commercial Metals
January 11, 2012 08:15 AM ET
(Reuters) - Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co and withdrew his nominations to the metals recycler's board. | Full Article
Naming new SNB head may take a few months: finance minister
January 11, 2012 08:34 AM ET
ZURICH (Reuters) - Naming a new third member to the Swiss National Bank's board and appointing a new permanent chairman could take until April or May, Switzerland's finance minister said on Wednesday. | Full Article
US TOP NEWS
Romney takes winning streak to South Carolina
January 11, 2012 06:37 AM ET
MANCHESTER, New Hampshire (Reuters) - One day after a solid victory in New Hampshire, Republican presidential candidate Mitt Romney faces a critical test in South Carolina as he seeks to convince conservative voters that he is their best bet to defeat Democratic President Barack Obama. | Full Article
Santorum runs out of steam in New Hampshire
January 10, 2012 11:02 PM ET
MANCHESTER, New Hampshire (Reuters) - Rick Santorum never showed up for a scheduled Election Day stop at the busiest voting ward in this New Hampshire city on Tuesday. | Full Article
Fannie Mae CEO to leave after successor chosen
January 11, 2012 08:37 AM ET
WASHINGTON (Reuters) - Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures. | Full Article
Iran says bomb kills nuclear scientist, blames Israel
January 11, 2012 08:14 AM ET
TEHRAN (Reuters) - Iran said one of its nuclear scientists was killed on Wednesday by a magnet bomb fixed to his car by a motorcyclist and blamed Israel for the attack, intensifying diplomatic tensions the West over Tehran's nuclear program. | Full Article
Arab monitor quits Syria mission in disgust
January 11, 2012 07:31 AM ET
BEIRUT (Reuters) - An Arab League observer has left Syria, accusing the authorities of committing war crimes and turning the Arab monitoring mission sent to check its compliance with a peace plan into a "farce." | Full Article
HEALTH NEWS
Pot smokers don't puff away lung health: study
Exclusive: The troubled history of PIP's implants man in America
Heart disease more likely in people with psoriasis: study
Loud hospital rooms linked to poor patient sleep
One in six adults goes on drinking binges: CDC
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