Business Today: France to answer ratings downgrade with reforms

		Click to View in Browser 11/20/2012 France to answer ratings downgrade with reforms PARIS (Reuters) - France said on Tuesday it would respond to a Moody's credit downgrade by pushing on with reforms but complained the ratings agency had overlooked steps already taken to revamp the euro zone's second-largest economy. Hewlett-Packard takes $8.8 billion charge, revenues fall (Reuters) - Hewlett-Packard Co said on Tuesday it took an $8.8 billion charge related to its acquisition of software firm Autonomy, citing "serious accounting improprieties," as it swung to a fourth-quarter loss. Housing starts hit four-year high in October WASHINGTON (Reuters) - Housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. Ex-UBS trader Adoboli convicted of $2.3 billion fraud LONDON (Reuters) - Former UBS trader Kweku Adoboli was convicted on Tuesday of the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. S&P 500 index futures rise briefly after data NEW YORK (Reuters) - S&P 500 index futures briefly edged higher on Tuesday after data showed housing starts rose to their highest rate in more than four years in October. Carl Icahn raises stake in Chesapeake Energy (Reuters) - Billionaire investor Carl Icahn, one of the largest shareholders in natural gas producer Chesapeake Energy Corp , has raised his stake in the embattled company to 8.9 percent, a regulatory filing shows. Exclusive: Ericsson helps Iran telecoms, letter reveals long-term deal LONDON (Reuters) - The Swedish firm Ericsson is working with Iran's largest mobile telecom operator to expand its network and has promised to support another Iranian mobile carrier until 2021, according to interviews and an internal company document. Euro zone likely to reach deal on Greek aid payment BRUSSELS (Reuters) - Euro zone finance ministers are likely to approve the next tranche of loans to Greece on Tuesday although the money is unlikely to be disbursed before December and a deal on debt reduction may need further talks. Ex-Cameron aide charged over royal family details LONDON (Reuters) - British prosecutors said on Tuesday they would charge Prime Minister David Cameron's former media chief Andy Coulson with conspiring to pay public officials to secure the contact details of members of the Royal family. Pitfalls lurk as Fed marches toward transparency NEW YORK (Reuters) - Federal Reserve officials want to tell the world what would cause them finally to reverse four years of easy U.S. policies, but something is keeping them up at night. Related Video U.S. Morning Call: HP revenue slightly lower than expected Breakingviews: Credit Suisse shrinks to fit Economic News Housing starts hit four-year high in October Housing recovery gains traction A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend