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Thursday, January 19, 2012

U.S. Top News Early Edition: Rick Perry to drop out of presidential campaign: report

Reuters
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01/19/2012
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LATEST NEWS
Rick Perry to drop out of presidential campaign: report
WASHINGTON (Reuters) - Texas Governor Rick Perry was poised to drop his run for the Republican presidential nomination later on Thursday, CNN reported. | Full Article
Jobless claims near 4-year low, inflation muted
January 19, 2012 09:23 AM ET
WASHINGTON (Reuters) - The number of Americans filing for new jobless benefits dropped to a near four-year low last week, pointing to some building up of momentum in the labor market and the economy. | Full Article
Bank of America posts fourth-quarter profit
January 19, 2012 08:11 AM ET
(Reuters) - Bank of America Corp reported a fourth-quarter profit, reversing a year-earlier loss, boosted by one-time items and lower expenses for bad loans. | Full Article
Photography pioneer Kodak files for bankruptcy
January 19, 2012 09:21 AM ET
(Reuters) - Eastman Kodak Co, the photography icon that invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies. | Full Article
Relief in Spain, tension in Greece for euro zone
January 19, 2012 09:35 AM ET
MADRID/ATHENS (Reuters) - The embattled euro zone cleared a major funding test on Thursday when Spain romped through a key bond sale, while signs pointed to only a mild recession for the 17-nation bloc. | Full Article
BUSINESS NEWS
Wall Street opens higher on bank earnings
January 19, 2012 09:37 AM ET
NEW YORK (Reuters) - Stocks edged higher at the open on Thursday after Bank of America and Morgan Stanley reported earnings and as strong demand at European bond auctions lessened euro zone debt concerns. | Full Article
Morgan Stanley posts Q4 loss but beats Street
January 19, 2012 09:12 AM ET
(Reuters) - Morgan Stanley lost money in the fourth quarter due to a special charge, but performed better than analysts had expected, sending its shares higher in premarket trading. | Full Article
Starbucks closing in on retail deal with Tata Coffee
January 19, 2012 07:39 AM ET
MUMBAI (Reuters) - Starbucks Corp , the world's largest coffee company, is finalizing its retail partnership with India's Tata Coffee Ltd and hopes to announce the deal by the end of this month, a senior official of the Indian company said on Thursday. | Full Article
IMF sees euro zone GDP down 0.5 percent in 2012: ANSA
January 19, 2012 07:07 AM ET
MILAN (Reuters) - The International Monetary Fund expects the euro zone economy to contract by 0.5 percent this year and warns that tensions arising from the bloc's debt crisis threaten global growth, Italian news agency ANSA reported on Thursday quoting a draft of the World Economic Outlook (WEO). | Full Article
Housing starts drop more than expected in December
January 19, 2012 08:36 AM ET
WASHINGTON (Reuters) - Housing starts fell in December as groundbreaking on rental property posted a big decline, splashing some cold water on hopes the still-weak housing sector could boost economic growth this year. | Full Article
HEALTH NEWS
One in five Americans mentally ill in past year: study
U.S. rebuffs AstraZeneca, Bristol on diabetes drug
Implant boss says France "criminal" in recommending removal
Roche melanoma pill spurs growth of less harmful cancers
Breast milk courier helps Indonesian mums cope
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