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Monday, November 26, 2012

Business Today: Stock futures down on jitters over Greece, fiscal cliff

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11/26/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures down on jitters over Greece, fiscal cliff
NEW YORK (Reuters) - Stock futures fell on Monday as investor returned to the market after a holiday-shortened trading week, focused on the meeting of euro zone finance ministers on Greece and negotiations over the U.S. "fiscal cliff."
Euro zone to seek Greek aid deal without write-off
BRUSSELS (Reuters) - Euro zone finance ministers and the International Monetary Fund began their third attempt in as many weeks to release emergency aid for Greece on Monday, with policymakers saying a write-down of Greek debt is off the table for now.
Consumers to spend less if middle-class taxes rise: White House
WASHINGTON (Reuters) - A White House report says that if that Congress allows taxes to go up on middle-class families, consumers will spend $200 billion less in 2013.
UnitedHealth forecasts 2013 profit below Wall St view
(Reuters) - UnitedHealth Group Inc , the largest U.S. private health insurer, said on Monday it expected 2013 earnings of $5.25 to $5.50 per share, below analysts' expectations.
Onex to buy insurance brokerage from Goldman fund for $2.3 billion
(Reuters) - Canadian private equity firm Onex Corp will buy USI, one of the largest providers of insurance brokerage services in the United States, from Goldman Sachs Group Inc's GS Capital Partners private equity fund for $2.3 billion.
UK watchdog fines UBS over trading scandal
ZURICH (Reuters) - UBS was fined 30 million pounds ($48 million) by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion.
Abercrombie seen as early winner in Thanksgiving clothing sales
NEW YORK (Reuters) - Abercrombie & Fitch Co seemed to come out ahead of other clothing retailers during the annual Black Friday kickoff to the holiday shopping season, analysts said on Monday.
L'Oreal buys Urban Decay to beef up young, prestige offering
PARIS (Reuters) - French cosmetics maker L'Oreal acquired U.S. make-up brand Urban Decay from private equity firm Castanea Partners as part of an effort to reach more upscale young consumers.
GSK to spend $1 billion to lift stakes in India, Nigeria units
MUMBAI (Reuters) - GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.
UK to announce new Bank of England governor
LONDON (Reuters) - Britain's government is expected to announce the next governor of the Bank of England at around 1030 EDT on Monday, in an earlier-than-expected move that will end months of intense speculation over who will be the central bank's next leader.
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Consumers to spend less if middle-class taxes rise: White House
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