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Tuesday, February 7, 2012

U.S. Top News Early Edition: Glencore-Xstrata deal meets shareholder opposition

Reuters
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02/7/2012
News Good Morning
LATEST NEWS
Glencore-Xstrata deal meets shareholder opposition
LONDON (Reuters) - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading. | Full Article
Santorum aims for a victory in Republican contests
February 07, 2012 02:03 AM ET
DENVER (Reuters) - Republican candidate Rick Santorum is gunning for a victory in at least one of the three states holding presidential nominating contests on Tuesday in an attempt to slow down front-runner Mitt Romney and revive his fading White House hopes. | Full Article
Greek unions strike before crunch leaders' talks
February 07, 2012 09:02 AM ET
ATHENS (Reuters) - Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity. | Full Article
Lavrov says seeks peace in Syria as forces bombard Homs
February 07, 2012 08:56 AM ET
AMMAN (Reuters) - Russia's foreign minister said he told Syrian President Bashar al-Assad on Tuesday that Moscow wanted to see peace in the Arab world as Syrian forces resumed a bombardment of Homs, a hub of protest and rebellion against Assad's rule. | Full Article
Iran shrugs off latest U.S. sanctions, trade suffers
February 07, 2012 08:20 AM ET
TEHRAN (Reuters) - Iran castigated its U.S. adversary on Tuesday over new financial measures to disrupt Iranian commerce, and a default on payment for rice purchases highlighted the encroachment of sanctions on the staples of everyday life. | Full Article
BUSINESS NEWS
Wall St flat as Greeks draw up bailout
February 07, 2012 09:36 AM ET
NEW YORK (Reuters) - Stocks were little changed on Tuesday as Greece's government said it was preparing the text of an agreement on a 130-billion euro bailout that will be put to the nation's leaders later in the day. | Full Article
Coca-Cola beats Street, eyes cost savings
February 07, 2012 08:28 AM ET
NEW YORK (Reuters) - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday, helping to send shares in the world's top soft-drink maker up 1.3 percent in premarket trading. | Full Article
Fidelity money fund clients react negatively to SEC proposals
February 07, 2012 08:14 AM ET
BOSTON (Reuters) - Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some of their assets out of the investments if the net asset value of the funds was allowed to fluctuate. | Full Article
Honeywell sees defense, space sales down four to five percent
February 07, 2012 09:24 AM ET
(Reuters) - Diversified manufacturer Honeywell International Inc said it expects sales at its defense and space business to fall by 4 percent to 5 percent this year as the United States pares back its military spending. | Full Article
CalSTRS invests $500 million in infrastructure
February 07, 2012 09:35 AM ET
(Reuters) - The California State Teachers' Retirement System, the second-largest public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million. | Full Article
HEALTH NEWS
Walmart to label healthier food as "Great For You"
"Malaria cure" claim sparks Vienna probe
Diet supplements recalled on unlabeled drug worries
FDA staff unsure about new use for Amgen's Xgeva
Ovarian cancer screening popular despite guidelines
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