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Monday, November 29, 2010 12:00 AM PST

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Today's Business News: Euro shrugs off Irish deal but doubts abound Online bargain-hunting spreads beyond Cyber Monday ECB's Noyer assures cagey markets over Ireland rescue Wal-Mart to pay $2.1 billion for control of Massmart France and Germany in deal on euro zone crisis: sources A look at economic developments around the globe Backlash feared as some in GOP push social issues Malaysia Airlines returns to profit in 3Q EU agrees on $89 billion bailout loan for Ireland Boston man sentenced in mortgage fraud scheme Europe fixes Irish bailout, future rescue rules Holiday sales encouraging, but are shoppers done? Feline media sensation Prince Chunk dies in NJ Iraq West Qurna to hit 750K barrels per day Congress returns to work with long to-do list Higher gas prices won't slow most holiday shoppers Scout International's Winning Bets on Foreign Stocks Euro shrugs off Irish deal but doubts abound Sun, 28 Nov 2010 09:26 pm PST Reuters - Doubts over whether a rescue deal for debt-soaked Ireland can plug Europe's debt crisis drove the euro to two-month lows on Monday and trapped Asian stock markets in choppy trade. Full Story Top Online bargain-hunting spreads beyond Cyber Monday Sat, 27 Nov 2010 04:21 pm PST Reuters - Early discounts may have taken some of the shine off Cyber Monday but the key online holiday shopping day is still expected to attract bargain hunters who may not have had their fill over the weekend. Full Story Top ECB's Noyer assures cagey markets over Ireland rescue Sun, 28 Nov 2010 10:42 pm PST Reuters - European Central Bank policymaker Christian Noyer sought to bolster market confidence in the euro zone's rescue for Ireland, telling cagey investors they should have faith in the plan's success. Full Story Top Wal-Mart to pay $2.1 billion for control of Massmart Sun, 28 Nov 2010 10:58 pm PST Reuters - Wal-Mart Stores Inc (WMT.N), has made a formal bid to pay $2.1 billion for control of South Africa's Massmart (MSMJ.J) (MSMJ.J), a deal that would give the world's largest retailer a major foothold in fast-growing Africa. Full Story Top France and Germany in deal on euro zone crisis: sources Sun, 28 Nov 2010 06:25 am PST Reuters - Germany and France have reached an agreement on how a future permanent mechanism for resolving debt crises in the euro zone should work once it is introduced in 2013, euro zone sources said on Sunday. Full Story Top A look at economic developments around the globe Wed, 24 Nov 2010 12:59 pm PST AP - A look at economic developments and activity in major stock markets around the world Wednesday: Full Story Top Backlash feared as some in GOP push social issues Fri, 26 Nov 2010 12:06 pm PST AP - Although fixing the economy is the top priority, Republicans who won greater control of state governments in this month's election are considering how to pursue action on a range of social issues, including abortion, gun rights and even divorce laws. Full Story Top Malaysia Airlines returns to profit in 3Q Thu, 25 Nov 2010 02:31 am PST AP - Malaysia Airlines says it returned to profit in the third quarter as travel increased amid the region's economic recovery. Full Story Top EU agrees on $89 billion bailout loan for Ireland Sun, 28 Nov 2010 08:33 pm PST AP - European Union nations agreed to give euro67.5 billion ($89.4 billion) in bailout loans to Ireland on Sunday to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency. Full Story Top Boston man sentenced in mortgage fraud scheme Fri, 26 Nov 2010 08:33 am PST AP - A Boston man has received a jail sentence and been ordered to pay $100,000 restitution for his role in a mortgage fraud scheme. Full Story Top Europe fixes Irish bailout, future rescue rules Sun, 28 Nov 2010 06:31 pm PST AFP - Europe has agreed a bailout for Ireland and drew up new rules for future rescues which, under stringent IMF terms, would hit government bond investors. Full Story Top Holiday sales encouraging, but are shoppers done? Sun, 28 Nov 2010 10:26 pm PST AP - Holiday shoppers gave retailers a happy Thanksgiving weekend, crowding stores and malls more than last year. Full Story Top Feline media sensation Prince Chunk dies in NJ Fri, 26 Nov 2010 06:19 pm PST AP - An enormously fat cat named Prince Chunk who became famous when he was found wandering in New Jersey after his owner lost her home to foreclosure has died. Full Story Top Iraq West Qurna to hit 750K barrels per day Sun, 28 Nov 2010 10:25 am PST AP - Production from Iraq's prized West Qurna Stage 1 oil field should more than triple to 750,000 barrels a day in three years time, an oil official said Sunday. Full Story Top Congress returns to work with long to-do list Sun, 28 Nov 2010 10:03 pm PST Reuters - U.S. lawmakers face a lengthy to-do list, topped by a dispute over expiring tax cuts, when they return to work on Monday in a session that offers an early gauge of the chances for bipartisanship when the new Congress convenes in January. Full Story Top Higher gas prices won't slow most holiday shoppers Sat, 27 Nov 2010 10:17 am PST AP - Many Americans are determined not to let higher gas be the Grinch that spoils their holiday spending plans. Full Story Top Scout International's Winning Bets on Foreign Stocks Thu, 25 Nov 2010 05:08 am PST BusinessWeek - What distinguishes us from most money managers is that were long-term investors with about a five-year time horizon for most of the stocks we own. We focus on a few major variables. One is the long-term outlook for the country where our companies have operations and another is the long-term outlook for the companies themselves. Tied into that is a focus on quality, strong balance sheets, low debt, and a growth orientation. We are looking for industry-leading, dominant companies that control their destiny and have good management and good profitability to show for it. ... Full Story Top

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