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Dec 16, 2010

F & F I N | The Australian - World News : Uk Court Upholds Julian Assange Bail




401(k) changes give savers a brighter future | MarketWatch - Personal Finance Daily

MarketWatch
Personal Finance Daily
DECEMBER 16, 2010

401(k)s take sharper aim at retirement crisis

By MarketWatch



Don't miss these top stories:
This was a good year for those who have 401(k) accounts. And not just because the markets are up. And not just because — if you have one of these savings plans offered through workplaces — it means you are employed.

No, 2010 was good for 401(k) savers because a whole bunch of changes have taken place that make the accounts more investor-friendly, including rules on better disclosures and communication, the offering of better investment choices in more plans and the enhancement of automatic enrollments and automatic savings escalation.

Make no mistake, America has not overcome its retirement crisis in one year. Way too many folks have way too small a nest egg to provide much retirement security. Private pensions continue to fall by the wayside, and Social Security has its own challenges that politicians procrastinate on addressing.

But what has been happening, at least when we're talking about 401(k)s, is that a lot of positive changes will benefit the more than 70 million savers in these plans in the future — starting in 2011.

Steve Kerch, assistant managing editor

RETIREMENT SAVINGS

401(k) changes give savers a brighter future

If you're one of the 72 million workers with a 401(k), you should consider 2010 a very good year. And 2011 might even be better.
Read more from Robert Powell.


REAL ESTATE

30-year mortgage jumps to seven-month high

Mortgage rates climbed again this week, with the 30-year fixed-rate mortgage reaching a seven-month high and the 15-year fixed-rate mortgage surpassing 4% for the first time since the end of July.
Read more about mortgages.


Foreclosure filings tumble

Foreclosure filings fell 14% in November, compared with November 2009, according to a report released Thursday by RealtyTrac, an online marketplace for foreclosure properties.
See Real Estate.


U.S. housing starts rise 3.9% in November

Construction of new U.S. homes remained at a low level in November, while permits for new construction fell, according to government data released Thursday.
See Economic Report on housing data.


INVESTING

Gold's prospects rosy in 2011, but pitfalls abound

Newly wealthy Chinese families and well-heeled U.S. fund managers conspired to push gold to records this year, and their investment rationale — rooted in fears of currency debasement and higher inflation — is likely to keep the gold rush going in 2011.
See 2011 Outlook.


Investors exit bond funds

Mutual-fund investors' love affair with bonds may be finally over, after data showed that last week taxable bond funds saw their first net outflows in two years.
See Mutual Funds.


HOLIDAY GIFT GUIDE

Most holiday shoppers only half-done with lists

Done with your holiday shopping? You belong to an elite club. Most Americans still have half their lists to go, according to a new survey.
Listen to Radio Report.


Bah-ha-ha-bug!

Target has grabbed the top spot from Wal-Mart for funny ads this holiday season, reports a new survey from the National Retail Federation. John Wordock and Ann Cates run down who's tickling your funny bone this year.
Listen to Radio Report.


TRAVEL

Credit-card travel deals get sweeter

Scott McCartney says competition among credit-card companies has led to a sweetening of credit-card travel rewards.
 Watch Video Report.

F & F I N | The Australian Business Briefing : Santos seals $70bn Gladstone gas deal







Santos seals $70bn Gladstone gas deal
Santos EXCLUSIVE: Matt Chambers and Brett Clegg SANTOS'S Gladstone Liquefied Natural Gas project has cleared all hurdles for a 2010 green light with a $70 billion Korea Gas deal.
 
Wall St closes at two-year high
Wall St Steven Russolillo and Kristina Peterson US stocks hit fresh two-year closing highs on upbeat economic data and an optimistic tone from global bellwether FedEx.
 
Bilfinger sells unit to Lend Lease
Bilfinger Berger EXCLUSIVE: Brett Clegg and Tracy Lee GERMAN builder Bilfinger Berger is set to quit Australia in a $1 billion sale to Lend Lease to be announced as early as today.
 
ECB boosts capital on debt concerns
Jean-Claude Trichet Ian King THE European Central Bank said it would almost double its capital base, as Spain was forced to pay more to sell bonds.
 
Bank bosses to face new bonus hurdles
Basel III Katherine Griffiths THE world's largest banks must raise $773 billion in capital to comply with Basel III or face restrictions on bonus and dividend payouts.
 
Boart sees strong trends into 2011
Boart Longyear Cynthia Koons BOART Longyear said it expects full year earnings before interest tax depreciation and amortisation to be at least $US220 million.
 
FedEx optimistic on global economy
Fedex Bob Sechler FEDEX Corp has posted a fall in profit but raised its full-year forecast and said it is more optimistic about the global economy.
 
Sovereign risk reputation at stake
sovereign risk Scott Murdoch NAB chairman Michael Chaney says banks have become political footballs and that threatens to erode Australia's sovereign risk rating.
 
Financial Markets
Gold falls as traders wind down
Gold Tatyana Shumsky COMEX gold futures fell as traders booked profits ahead of the end of the year.
 
Wall St closes at two-year high
Investors ignore Europe fears
 
Financial Markets Coverage
 
Mining & Energy
Gold falls as traders wind down
Gold Tatyana Shumsky COMEX gold futures fell as traders booked profits ahead of the end of the year.
 
Santos seals $70bn Gladstone gas deal
Brockman-Fortescue haulage deal on track
 
More Mining & Energy Coverage

F & F I N | Reuters - Daily Investor Update : Wall St ends up with upbeat FedEx outlook





FROM: REUTERS: DAILY INVESTOR UPDATE




LATEST NEWS
Wall St ends up with upbeat FedEx outlook
NEW YORK (Reuters) - U.S. stocks ended higher on Thursday as economic bellwether FedEx offered a bullish profit outlook in a hopeful sign for growth | Full Article

Oracle software sales surge, shares rise
December 16, 2010 04:23 PM ET
BOSTON (Reuters) - Oracle Corp's new software sales surged and beat its own forecasts, and the company reported profit ahead of Wall Street estimates, signaling that businesses have a big appetite for investing in technology. | Full Article
RIM profit up on strong sales of Torch device
December 16, 2010 04:31 PM ET
TORONTO (Reuters) - BlackBerry maker Research In Motion's net profit jumped 45 percent in its fiscal third quarter, boosted by strong sales of its flagship Torch smartphone and deeper adoption worldwide. | Full Article
Upbeat data buoys growth view as housing stays weak
December 16, 2010 03:51 PM ET
WASHINGTON (Reuters) - The economy appeared to be gaining traction, with data on Thursday showing new claims for jobless aid fell last week and factory activity in the Mid-Atlantic region grew at its quickest pace in more than 5-1/2 years this month. | Full Article
CFTC delays tough commodity speculation crack-down
December 16, 2010 04:36 PM ET
WASHINGTON (Reuters) - The futures regulator on Thursday unexpectedly delayed its most aggressive measures yet to prevent speculators from distorting commodity markets after it failed to find enough support for a procedural vote. | Full Article
US TOP NEWS
Despite bloodshed, Obama touts Afghan war progress
December 16, 2010 03:30 PM ET
WASHINGTON (Reuters) - President Barack Obama told war-weary Americans on Thursday that enough progress was being made in Afghanistan to begin withdrawing U.S. troops in July, even as he faces growing doubts about his war strategy. | Full Article
House wrangles over Obama tax cut bill
December 16, 2010 03:22 PM ET
WASHINGTON (Reuters) - House Democrats demanding a chance to blast the tax cut deal President Barack Obama struck with Republicans delayed a vote on the massive tax measure on Thursday, but House leaders said they still expected to pass the bill. | Full Article
BP investors spooked by oil spill lawsuit
December 16, 2010 03:40 PM ET
LONDON (Reuters) - Oil major BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit might mean the cost of its oil spill will be far higher than predicted. | Full Article
U.S. arrests 4 in widening insider trading probe
December 16, 2010 04:17 PM ET
NEW YORK (Reuters) - Four people were arrested on charges of leaking secrets about technology companies to hedge funds, including details about Apple Inc's iPad ahead of its launch, in a widening U.S. probe into insider trading. | Full Article
Qaeda plans U.S., UK Christmas attack: Iraq official
December 16, 2010 03:35 PM ET
BAGHDAD (Reuters) - Al Qaeda is planning attacks in the United States, Britain and Europe around Christmas, one year after a failed attempt to bomb a U.S.-bound passenger plane, a senior Iraqi official said Thursday. | Full Article
HEALTH NEWS
German doctors declare "cure" in HIV patient
FDA uncovers more problems at J&J Fort Washington plant
U.S., EU curb Roche's Avastin for breast cancer
Does lunch in front of a computer make us eat more?

Stocks End With Solid Gains After Upbeat Economic Data - U.S. Commentary . RTTNews Evening Market Wrap

 

 

 

Evening Market Wrap Thu Dec 16 17:01 2010


Commentary

Dec 16, 2010 Stocks End With Solid Gains After Upbeat Economic Data - U.S. Commentary Stocks staved off an early lack of direction and moved up by solid margins over the course of Thursday's session, as traders reacted to improvements in jobless claims levels, housing starts and Philadelphia area manufacturing activity. Full Article

Economic News

Dec 16, 2010 U.S. Weekly Jobless Claims Show Modest Decrease After releasing a report last week showing a bigger than expected drop in first-time claims for U.S. unemployment benefits, the Labor Department released a report on Thursday showing another modest drop in initial jobless claims in the week ended December 11th. The report showed that jobless claims fell to 420,000 from the previous week's revised figure of 423,000. The modest decrease came as a surprise to economists. Full Article
Dec 16, 2010 U.S. November Housing Starts Rise 3.9% But Building Permits Fall Housing starts in the U.S. showed a moderate increase in the month of November, according to a report released by the Commerce Department on Thursday, although the report also showed an unexpected drop in building permits. The Commerce Department said housing starts rose 3.9 percent to an annual rate of 555,000 in November from the revised October estimate of 534,000. Full Article
Dec 16, 2010 Philly Fed Index Rises To Five-Year High Manufacturing conditions in the Philadelphia-area continued to improve in December, the Philadelphia Federal Reserve revealed in a report on Thursday, with the index of regional manufacturing activity unexpectedly increasing for the month. The Philly Fed said its diffusion index of current activity rose to 24.3 in December from 22.5 in November, with a positive reading indicating growth in regional manufacturing activity. Economists had been expecting the index to fall to a reading of 13.0. Full Article

Corporate News

Dec 16, 2010 FedEx Q2 Results Miss Estimates, But Lifts ForecastPackage delivery company FedEx Corp. (FDX) Thursday reported a decline in profit for the second quarter, reflecting mainly costs related to the combination of FedEx Freight and FedEx National LTL operations, including severance costs. Revenues and adjusted earnings for the quarter grew from last year, but came in below market consensus. The company, however, lifted its adjusted earnings guidance for fiscal 2011. Full Article
Dec 16, 2010 General Mills Q2 Profit Rises; Backs 2011 OutlookBranded consumer foods maker General Mills Inc. (GIS) reported Thursday a 9% year-over-year increase in profit for the second quarter, despite contracting margins, mainly reflecting lower income taxes and sales growth. However, adjusted earnings per share for the quarter was down a penny, and missed analysts' expectations by two cents. The company also said it expect to deliver good sales and profit growth in the second half, and reaffirmed its adjusted earnings forecast for the full-year 2011. Full Article
Dec 16, 2010 McDonald's To Double Presence In China By 2013 Fast food giant McDonald's Corp. (MCD) said Wednesday that it plans to boost investment in China and double its presence there by 2013, according to a release published on the company's China website. The company plans to increase its investments in China by 40% next year and to add as many as 200 new restaurants in 2011. Full Article

Political News

Dec 16, 2010 Poll Shows Drop In Support For Obama Among Liberal DemocratsWhile President Barack Obama continues to have strong support among liberal Democrats, the results of a Gallup poll released on Thursday showed that the president's approval rating among the group has been slipping since the midterm elections. The poll showed that Obama's approval rating among liberal Democrats dropped to 79 percent in the week after he announced an agreement with Republican leaders to extend all of the Bush tax cuts, including the tax cuts for the wealthy. Full Article

F & F I N | The Australian Capital Circle: It's great to smell the fresh air of London again




Capital Circle Newsletter



It's great to smell the fresh air of London again
 
Julian Assange has vowed his Wikileaks website will fight on after nine days in a Victorian-era prison in London.

Welcome to the final edition of Capital Circle for 2010.
After a day of uncertainty about his fate, Mr Assange and his legal team walked outside the court yesterday into a light snow storm to address about 200 journalists from around the world. Assange said:
"First, some thankyous. To all the people around the world who have had faith in me, who have supported my team while I have been away. To my lawyers, who have put up a brave and ultimately successful fight, to our sureties (bail guarantors) and people who have provided money in the face of great difficulty and aversion. And to members of the press who are not all taken in, and considered to look deeper in their work. And I guess finally, to the British justice system itself, where if justice is not always the outcome at least it is not dead yet."
Asylum tragedy: LABOR Party national president Anna Bligh has backed a complete review of the government's border protection policies. The call comes as political unity over the Christmas Island asylum boat disaster crumbled.As the frantic search continued for survivors of Wednesday's horror sinking, the opposition said it would not join a proposed bipartisan group announced by Julia Gillard yesterday. (Jamie Walker and Paul Maley report)
David King reports from Christmas Island: THEY were the words that brought a brief smile to the face of a young Iranian asylum-seeker Ahmed. Only hours before he had experienced the trauma of watching many of his fellow travellers drown in heavy seas. "Ghorboonet beram," said US psychiatry professor Jagannathan Srinivasaraghavan, as he came across Ahmed in Christmas Island's hospital. They were the only Farsi words the professor knew - meaning "I love you" - but they provided a moment of light relief after the horrors of the morning.
And Joe Kelly reports this morning:
Read more...

NYT: Afternoon Business News Update



European Leaders Agree to a Permanent Crisis Fund

By STEPHEN CASTLE and DAVID JOLLY
In an effort to calm fears of spreading financial instability, European Union leaders agreed Thursday to create a permanent support fund for the euro after 2013.
Prescriptions Blog

F.D.A. Plans to Bar Avastin for Breast Cancer

By ANDREW POLLACK
The agency said on Thursday that it would move to revoke approval of the drug because it was ineffective.

A Call for a Federal Office to Guide Online Privacy

By TANZINA VEGA
A Commerce Department task force is recommending that a Privacy Policy Office would work with other agencies on international and commercial data privacy issues.
DealBook

4 Arrested in Insider-Trading Case

By WILLIAM K. RASHBAUM and PETER LATTMAN
Prosecutors say an expert network firm paid more than $400,000 to tech company employees who provided confidential information.

Nokia Sues Apple for Patent Infringement in Europe

By KEVIN J. O'BRIEN
The lawsuits filed in Germany, the Netherlands and Britain are the latest salvos in a long legal battle between the two mobile phone rivals.

The Washington Post Afternoon Edition: Most Read Opinions

Washington Post


1) The socialist president plays host to capitalism

If Obama keeps this up, he'll earn a tickertape parade on Wall Street.

2) Could there be a Tet Offensive in Afghanistan?

Could the Taliban match in Afghanistan what North Vietnam achieved in 1968?

3) Where the 'No Labels' movement falls short

Political terminology isn't the real problem.

4) Did someone say we're at war?

If we keep taxes low on America's high earners, the terrorists win.

5) Calif. parents reclaim a failing school - and make history

In California, we've found a way to save kids from failing schools.

6) The split in Pakistani and American interests

Can Pakistan do any more to fight insurgents?

7) Editorial: A questionable plan to aid underwater homeowners

THE U.S. ECONOMY can't truly recover until the housing market revives. Yet recent data indicate that prices , already off an average of 30 percent from their peak in 2006, have still not touched bottom. Lending conditions are tight , and mortgage rates are ticking up again. Nearly a quarter of...

8) Forget Tea Party rhetoric - pork barrel politics is back

Freshman lawmakers, such as Kristi Noem, are acting in ways the Tea Party deplores.

9) Editorial: Gov. McDonnell's transportation plans amount to a whimper

REPEATEDLY AND RIGHTLY, Virginia Gov. Robert F. McDonnell (R) has cited the state's disastrously underfunded transportation network as a critical threat to long-term prosperity, and he's promised major steps to save it. Judging by what he's said, Virginians should have been expecting a thunderclap...

10) Editorial: African leaders take a stand in the Ivory Coast

THE SLOW progress of democracy in Africa has been hindered by two bad bargains the continent's leaders have made in recent years. In 2007, Kenyan President Mwai Kibaki sought to remain in office even though exit polls showed he had lost an election to challenger Raila Odinga. After an eruption of...

F & F I N : U.S. Markets At Close Indexes


FINANCIAL & FOREX INFO NEWS

Dec.16, 2010 at 4.00p.m E.S.T.

Major Stock Indexes
  Last Change % Chg
DJIA* 11500.01   42.54   0.37
Nasdaq*   2637.31   20.09   0.77
S&P 500*   1242.90     7.67   0.62
DJ Total Stock Market* 13120.66   87.21   0.67
    
Source: The wall Street Journal

Lackluster Open Likely For Stocks After Jobs, Housing Data - U.S. Commentary . RTTNews Morning Market Briefing


Morning Market Briefing Thu Dec 16  2010

Commentary

Dec 16, 2010 Lackluster Open Likely For Stocks After Jobs, Housing Data - U.S. Commentary Stocks futures are showing little change ahead of the opening bell on Thursday, even after a pullback in jobless claims and housing starts that came in higher than expected. Currently, the major index futures are seeing modest gains, with the Dow futures up by 9 points. Full Article

Economic News

Dec 16, 2010 India's Central Bank Holds Key Rates; Cuts Liquidity Ratio The Reserve Bank of India decided to leave its key interest rate unchanged as expected on Thursday after raising it six times this year. Full Article
Dec 16, 2010 Swiss Interest Rates Frozen At 0.25% The Swiss central bank has left its key interest rate, the three-month Libor, unchanged at 0.25%, citing the strong franc and muted inflationary pressures. Full Article
Dec 16, 2010 S&P Raises China's Credit Ratings To 'AA-' Rating agency Standard & Poor's on Thursday raised its long-term foreign and local currency sovereign credit ratings citing substantial foreign exchange reserves and strong fiscal position. Full Article
Dec 16, 2010 U.K. Retail Sales Growth Slows In November U.K. retail sales rose at a moderate pace in November ahead of the key Christmas shopping period and the increase in the value added tax in January. Full Article
Dec 16, 2010 Eurozone Recovery Slows In December Eurozone recovery slowed in December as the service sector growth eased to a two-month low, a closely watched survey showed Thursday. Full Article
Dec 16, 2010 U.S. Weekly Jobless Claims Slip To 420,000 After releasing a report last week showing a bigger than expected drop in first-time claims for U.S. unemployment benefits, the Labor Department released a report on Thursday showing another modest drop in initial jobless claims in the week ended December 11th. Full Article
Dec 16, 2010 U.S. Housing Starts Come In Above Expectations In November Housing starts in the U.S. showed a notable increase in the month of November, according to a report released by the Commerce Department on Thursday, although the report also showed an unexpected drop in building permits. Full Article

Earnings News

Dec 16, 2010 Discover Financial swings to profit in Q4Discover Financial Services (DFS) on Thursday posted a profit for the fourth quarter, helped by the sustained and significant improvement in the credit performance of the Discover card portfolio. Full Article
Dec 16, 2010 General Mills Q2 results miss estimates; reaffirms FY11 adj. EPS ViewGeneral Mills Inc. (GIS) Thursday reported higher second-quarter profit , helped by a tax benefit. However, adjusted earnings declined and missed the Street View. The company reaffirmed its fiscal 2011 adjusted EPS guidance. Full Article
Dec 16, 2010 FedEx Q2 profit down on Charges; ups FY11 adj. EPS viewFedEx Corp.(FDX) Thursday posted lower earnings for the second quarter, which included charges related to the consolidation of its operations and a reserve associated with a legal matter. However, adjusted earnings and revenues improved, but missed estimates. The company raised its fiscal 2011 adjusted earnings guidance. Full Article
Dec 16, 2010 Danaher narrows Q4, FY10 adj. EPS guidanceDanaher Corp. (DHR), a consumer products manufacturer, Wednesday said it narrowed its adjusted earnings per share outlook for the fourth quarter and full year 2010. Full Article
Dec 16, 2010 AmerisourceBergen to reaffirm FY11 guidanceAmerisourceBergen Corp. (ABC) Thursday said it would reaffirm its fiscal 2011 financial guidance at the Annual Investor Day in New York City. Full Article

Broker Ratings Changes

Dec 16, 2010 FBR Capital Markets Cuts Alliant Techsystems Inc. (ATK) To Market Perform From Outperform With $81 Down From $105 Price Target
Dec 16, 2010 FBR Capital Markets Downgrades L-3 Communications Holdings, Inc (LLL) To Market Perform From Outperform With $74 Down From $95 Price Target
Dec 16, 2010 FBR Capital Markets Initiates HEICO Corp. (HEI) At Market Perform With $60.00 Price Target
Dec 16, 2010 KeyBanc Capital Markets Starts GREEN MTN COFFEE ROASTER (GMCR) At Hold

Todays WS Events

Dec 16, 2010 Southwest Airlines 2010 Analyst Meeting At 10:30 AM ET Southwest Airlines Inc. (LUV) CEO, Gary Kelly will host its 2010 Analyst Meeting. The event is scheduled to begin at 10:30 AM ET, December 16, 2010. To access the live webcast, log on to www.southwest.com/investor_relations
Dec 16, 2010 Micron Annual Meeting Of Shareholders At 11:00 AM ET Micron Technology Inc. (MU) will host its annual meeting of shareholders in Boise, Idaho, corporate headquarters, 8000 S. Federal Way. The event is scheduled to begin at 11:00 AM ET, December 16, 2010. To access the webcast, log on to www.micron.com/ir
Dec 16, 2010 Oracle Q2 11 Earnings Conference Call At 5:00 PM ET Oracle Corp. (ORCL) will host a conference call at 5:00 PM ET, December 16, 2010, to discuss its Q2 11 earnings results. To access the live webcast, log on at www.oracle.com/investor
Dec 16, 2010 Procter & Gamble 2010 Analyst Meeting At 8:00 AM ET Procter & Gamble Co. (PG) CEO, Bob McDonald, will host an P&G 2010 Analyst Meeting in Cincinnati, Ohio, to discuss the update of the company's business results and long-term growth strategies. The event is scheduled to begin at 8:00 AM ET, December 16, 2010. To access the live audio webcast, log on to www.pg.com/investors
Dec 16, 2010 Honeywell To Present At Bank Of America Conference; Webcast At 8:50 AM ET Honeywell International Inc. (HON) CFO, David J. Anderson, will present at the Bank of America Merrill Lynch Global Industries Conference in New York City. The event is scheduled to begin at 8:50 AM ET, December 16, 2010. To access the live audio webcast, log on to www.honeywell.com/investor

F & F I N | EConomic Statistics Administration ( ESA) Building permits Down 4% from October and Also 14.7% From Nov. 2009.


Economics and Statistics Administration Logo
Building permits in November 2010 were 530,000, down 4.0% from October and below 14.7% from November 2009.  Housing starts were 555,000, up 3.9% from October, but down 5.8% from November 2009.





U.S. Current Accoun Encrease 3.5% of GDP Relative To Previous Quarter




Economics and Statistics Administration Logo
The U.S. current account deficit increased to $127.2 billion, or 3.5% of GDP in the third quarter of 2010, up from $123.2 billion in the second quarter of 2010, or 3.4% of GDP.

F & F I N | Reuters Before The Bell : EU struggles for unity ahead of debt crisis summit.




From: Reuters - Before The Bell

LATEST NEWS
Futures gain ahead of jobs data, FedEx results
NEW YORK (Reuters) - Stock index futures were slightly higher on Thursday as investors awaited data on jobs and housing and corporate earnings from bellwether FedEx for signs of improvement in the economy. | Full Article

EU struggles for unity ahead of debt crisis summit
December 16, 2010 07:51 AM ET
BRUSSELS/BERLIN (Reuters) - European leaders sought to paper over deep divisions on how best to resolve the debt crisis ahead of a summit on Thursday, and Spain and Portugal came under renewed pressure to get their finances in order. | Full Article
Obama's $858 billion tax-cut plan heads to House
December 16, 2010 07:01 AM ET
WASHINGTON (Reuters) - A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth moves to the House of Representatives for passage as early as Thursday. | Full Article
Basel regulators give some countries extra leeway
December 16, 2010 06:18 AM ET
LONDON (Reuters) - Global regulators said on Thursday that banks in low debt countries like Australia and Denmark will get more leeway to comply with tough new liquidity rules. | Full Article
BP investors spooked by oil spill lawsuit
December 16, 2010 07:45 AM ET
LONDON (Reuters) - Oil giant BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit may mean the cost of its oil spill will be far higher than predicted. | Full Article
US TOP NEWS
Despite bloodshed, U.S. reports Afghanistan progress
December 16, 2010 07:17 AM ET
WASHINGTON (Reuters) - A White House review of President Barack Obama's Afghanistan war strategy reported on Thursday that allied forces are making headway against the Taliban and al Qaeda but that serious challenges remain. | Full Article
UK judge to rule on bail for WikiLeaks' Assange
December 16, 2010 05:57 AM ET
LONDON (Reuters) - A British judge will rule on Thursday whether WikiLeaks founder Julian Assange, who has angered Washington by publishing secret diplomatic cables, may be freed on bail over alleged sex crimes in Sweden. | Full Article
Special Report: Seven Samurai of new Japan Inc
December 16, 2010 07:37 AM ET
TOKYO (Reuters) - For decades, their ability to sell masses of cars and oodles of televisions was how corporate Japan, and its government at home, benchmarked its progress in conquering overseas markets. | Full Article
BofA negotiating with mortgage investors
December 16, 2010 05:53 AM ET
NEW YORK (Reuters) - Bank of America Corp has started negotiating with powerful mortgage investors that accused the bank of failing to buy back bad home loans, in an apparent shift in the lender's stance. | Full Article
House votes to end military's policy on gays
December 15, 2010 07:24 PM ET
WASHINGTON (Reuters) - The Democratic-led House of Representatives Wednesday passed a bill to repeal a ban against gays serving openly in the U.S. military. | Full Article
HEALTH NEWS
German doctors declare "cure" in HIV patient
FDA uncovers more problems at J&J Fort Washington plant
FDA panel urges new look at "silver" teeth fillings
Tainted food sickens 48 mln each year: CDC
Deaths from heart disease down 28 pct: AHA