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Friday, October 28, 2011 1:29 PM PDT

Today's Reuters News Headlines - Yahoo! News: Euro fund head sees no quick China deal Stock futures signal lower open after rally HP ditches costly PC unit spin-off Olympus risks lawsuits unless probe truly independent: TSE Gaddafi son seeking plane to Hague: NTC official Insight: Thai flood crisis puts swamped PM in firing line Iran oil blast kills one, separate incident hits refinery Consumers and businesses pump up third-quarter growth Analysis: Europe's bailout an unexpected bargain for China Exclusive: Lawmakers unfazed by downgrade risk D.Boerse urges EU regulators to take wider futures view Some MF Global clients move money away as troubles grow Sony buys Ericsson out of mobile phone venture Euro deal leaves much to do on rescue fund, Greek debt Wall Street soars 3 percent as Europe deal cheered Exclusive: U.S. considers unusual arms deal for Turkey Gaddafi son seeks flight to Hague war crimes court Some MF Global clients moving money away as troubles grow Chrysler drives Fiat profit higher U.S. role in arming Mexico's drug war exaggerated: study Special report: Harrisburg: a city at war with itself Google makes big changes to daily deals business Shell, Exxon profits swell on higher crude price Exclusive: Records raise Olympus conflict of interest question Pakistan military denies BBC report on Taliban links What makes a bank trader go rogue? RIM hit with consumer lawsuits over BlackBerry outage Investors show interest in foreclosure plan Exclusive: Democrats seek up to $3 trillion savings Romney leads in first four nominating states: poll Ex-Goldman director Gupta charged in insider case Mexican presidential hopeful vows drugs war shift Olympus sticks to defense of deals despite skepticism UAW says Chrysler workers ratify contract Turkey struggles to shelter thousands after quake Olympus shares surge after chief quits Tax probe widened to 17 Swiss banks: report Olympus chairman quits as Japan watchdog probes firm Euro zone summit stalls on banks UAW says workers approve Chrysler contract Euro fund head sees no quick China deal Fri,28 Oct 2011 02:58 AM PDT Reuters - BEIJING (Reuters) - The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund. Full Story Top Stock futures signal lower open after rally Fri,28 Oct 2011 03:01 AM PDT Reuters - NEW YORK (Reuters) - Stock index futures pointed to a weaker open for equities on Friday after strong gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.4 to 0.5 percent. Full Story Top HP ditches costly PC unit spin-off Thu,27 Oct 2011 04:48 PM PDT Reuters - SAN FRANCISCO (Reuters) - Hewlett-Packard Co ditched a plan to spin off its personal computers unit, a month after the ouster of CEO Leo Apotheker whose idea would have cost billions of dollars in expenses and lost business. Full Story Top Olympus risks lawsuits unless probe truly independent: TSE Fri,28 Oct 2011 02:23 AM PDT Reuters - TOKYO (Reuters) - Olympus Corp risks possible lawsuits unless a planned probe of acquisitions at the heart of a scandal engulfing the endoscope maker is truly independent, the head of the Tokyo Stock Exchange warned Friday. Full Story Top Gaddafi son seeking plane to Hague: NTC official Fri,28 Oct 2011 12:39 AM PDT Reuters - DUBAI (Reuters) - Saif al-Islam Gaddafi, fearing for his life if captured in Libya, has tried to arrange for an aircraft to fly him out of his desert refuge and into the custody of The Hague war crimes court, a senior Libyan official said. Full Story Top Insight: Thai flood crisis puts swamped PM in firing line Thu,27 Oct 2011 10:43 PM PDT Reuters - BANGKOK (Reuters) - In the early days of Thailand's devastating floods, Prime Minister Yingluck Shinawatra was seen knee-deep in muddy waters in wading boots, greeting evacuated villagers, surrounded by clicking cameras and appearing to take charge. Full Story Top Iran oil blast kills one, separate incident hits refinery Fri,28 Oct 2011 03:14 AM PDT Reuters - TEHRAN (Reuters) - An explosion and fire at an Iranian oil refinery on Friday was brought under control and caused no casualties, while a separate oil field blast killed one person, the semi-official Mehr news agency reported. Full Story Top Consumers and businesses pump up third-quarter growth Thu,27 Oct 2011 01:52 PM PDT Reuters - WASHINGTON (Reuters) - The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year. Full Story Top Analysis: Europe's bailout an unexpected bargain for China Fri,28 Oct 2011 02:20 AM PDT Reuters - BEIJING (Reuters) - China might just be about to strike the deal of the decade. Full Story Top Exclusive: Lawmakers unfazed by downgrade risk Thu,27 Oct 2011 02:40 PM PDT Reuters - WASHINGTON (Reuters) - A growing number of lawmakers do not think another downgrade of the country's AAA rating will harm America's economy, raising questions about how much pressure Congress is under to fix the intractable budget deficit. Full Story Top D.Boerse urges EU regulators to take wider futures view Thu,27 Oct 2011 02:42 PM PDT Reuters - BRUSSELS (Reuters) - Deutsche Boerse AG sought to convince EU regulators to judge its bid for NYSE Euronext by assessing over-the-counter derivatives trading and not only its impact on the smaller exchange-listed market, in its bid to win clearance for the deal. Full Story Top Some MF Global clients move money away as troubles grow Thu,27 Oct 2011 05:45 PM PDT Reuters - CHICAGO/NEW YORK (Reuters) - Some customers are moving money away from struggling futures brokerage MF Global Holdings Ltd, according to hedge funds, rivals, and analysts, though the extent of the outflows is unclear. Full Story Top Sony buys Ericsson out of mobile phone venture Thu,27 Oct 2011 02:52 PM PDT Reuters - LONDON (Reuters) - Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc. Full Story Top Euro deal leaves much to do on rescue fund, Greek debt Thu,27 Oct 2011 10:11 AM PDT Reuters - BRUSSELS (Reuters) - Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund. Full Story Top Wall Street soars 3 percent as Europe deal cheered Thu,27 Oct 2011 04:51 PM PDT Reuters - NEW YORK (Reuters) - Stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region's two-year debt crisis lifted a cloud hovering over markets. Full Story Top Exclusive: U.S. considers unusual arms deal for Turkey Thu,27 Oct 2011 02:55 PM PDT Reuters - WASHINGTON (Reuters) - The Obama administration is consulting Congress on an unusual proposal to transfer U.S. Marine Corps attack helicopters to Turkey, U.S. officials said on Thursday, as Ankara tries to exact revenge for a major attack by Kurdish separatists. Full Story Top Gaddafi son seeks flight to Hague war crimes court Thu,27 Oct 2011 02:53 PM PDT Reuters - DUBAI (Reuters) - Saif al-Islam Gaddafi, fearing for his life if captured in Libya, has tried to arrange for an aircraft to fly him out of his desert refuge and into the custody of the Hague war crimes court, a senior Libyan official said Thursday. Full Story Top Some MF Global clients moving money away as troubles grow Thu,27 Oct 2011 04:35 PM PDT Reuters - CHICAGO/NEW YORK (Reuters) - Some customers are moving money away from struggling futures brokerage MF Global Holdings Ltd, according to hedge funds, rivals, and analysts, though the extent of the outflows is unclear. Full Story Top Chrysler drives Fiat profit higher Thu,27 Oct 2011 02:43 PM PDT Reuters - MILAN (Reuters) - Fiat-Chrysler's third-quarter trading profit was well above forecasts at 851 million euros, with U.S. automaker Chrysler contributing as much as two-thirds of it and helping offset weak European sales. Full Story Top U.S. role in arming Mexico's drug war exaggerated: study Thu,27 Oct 2011 10:47 AM PDT Reuters - GENEVA (Reuters) - Mexico's hardline fight against drug gangs has driven violence to levels higher in than many war zones but the role the United States plays in arming these brutal cartels appears exaggerated, independent arms researchers said on Thursday. Full Story Top Special report: Harrisburg: a city at war with itself Thu,27 Oct 2011 10:41 AM PDT Reuters - HARRISBURG, Pennsylvania (Reuters) - For three days last summer, Mayor Linda Thompson joined religious leaders to pray for a "cooperative spirit" among city leaders, the business community and residents here in Pennsylvania's state capital. Full Story Top Google makes big changes to daily deals business Thu,27 Oct 2011 02:00 PM PDT Reuters - (Reuters) - Google Inc unveiled big changes to its fledgling daily deals business on Thursday, as rival Groupon Inc pitches its IPO to potential investors. Full Story Top Shell, Exxon profits swell on higher crude price Thu,27 Oct 2011 01:07 PM PDT Reuters - LONDON/HOUSTON (Reuters) - Oil giants Exxon Mobil Corp and Royal Dutch Shell Plc said their profits jumped more than 40 percent in the third quarter as higher energy prices offset declines in their output. Full Story Top Exclusive: Records raise Olympus conflict of interest question Thu,27 Oct 2011 02:02 AM PDT Reuters - DETROIT/TOKYO (Reuters) - U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses. Full Story Top Pakistan military denies BBC report on Taliban links Thu,27 Oct 2011 05:50 AM PDT Reuters - RAWALPINDI, Pakistan (Reuters) - Pakistan's military strongly denied Thursday a BBC report that alleged the Pakistani military, along with its intelligence arm, supplied and protected the Afghan Taliban and al Qaeda. Full Story Top What makes a bank trader go rogue? Thu,27 Oct 2011 04:54 AM PDT Reuters - LONDON (Reuters) - The traits banks tend to look for when hiring new traders are the very same ones likely to make them go rogue, industry insiders and psychologists say. Full Story Top RIM hit with consumer lawsuits over BlackBerry outage Wed,26 Oct 2011 10:33 PM PDT Reuters - (Reuters) - Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled across the world earlier this month. Full Story Top Investors show interest in foreclosure plan Wed,26 Oct 2011 03:11 PM PDT Reuters - WASHINGTON (Reuters) - Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds. Full Story Top Exclusive: Democrats seek up to $3 trillion savings Wed,26 Oct 2011 03:26 PM PDT Reuters - WASHINGTON (Reuters) - Democrats are proposing to slash huge budget deficits by up to $3 trillion, aiming high to repair the country's fiscal mess even as Republicans show early signs of resisting the proposals. Full Story Top Romney leads in first four nominating states: poll Wed,26 Oct 2011 03:13 PM PDT Reuters - WASHINGTON (Reuters) - Former Massachusetts Governor Mitt Romney leads his campaign rivals in the four states that kick off the 2012 Republican presidential race, according to CNN/Time/ORC polls released on Wednesday. Full Story Top Ex-Goldman director Gupta charged in insider case Wed,26 Oct 2011 01:46 PM PDT Reuters - NEW YORK (Reuters) - Rajat Gupta, who sat on the boards of some of America's most prestigious companies, was arrested and charged on Wednesday with being the "illegal eyes and ears" for his friend Raj Rajaratnam, the central figure in a broad U.S. crackdown on insider trading at hedge funds. Full Story Top Mexican presidential hopeful vows drugs war shift Wed,26 Oct 2011 08:18 PM PDT Reuters - MEXICO CITY (Reuters) - A leading presidential candidate of Mexico's ruling party said on Wednesday he would break with government policy and withdraw the army from the fight against drug gangs if he wins the election in 2012. Full Story Top Olympus sticks to defense of deals despite skepticism Thu,27 Oct 2011 03:31 AM PDT Reuters - TOKYO (Reuters) - Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle, but the Tokyo Stock Exchange (TSE) warned that investors might not be convinced. Full Story Top UAW says Chrysler workers ratify contract Wed,26 Oct 2011 05:37 PM PDT Reuters - DETROIT (Reuters) - Unionized workers at Chrysler Group LLC ratified a four-year labor pact on Wednesday, closing out the first round of talks since two of the three Detroit automakers nearly collapsed and took federal bailouts in 2009. Full Story Top Turkey struggles to shelter thousands after quake Wed,26 Oct 2011 03:18 PM PDT Reuters - ERCIS Turkey (Reuters) - Turkey struggled to provide shelter on Wednesday to tens of thousands left homeless by an earthquake that killed nearly 500, and rescue teams began taking painful decisions to call off searches for those buried alive. Full Story Top Olympus shares surge after chief quits Wed,26 Oct 2011 07:05 PM PDT Reuters - TOKYO (Reuters) - Olympus Corp's shares surged in brisk trade on Thursday after its chairman and president quit and his successor said he would explain past M&A deals at the heart of a scandal that wiped out half of the firm's market value. Full Story Top Tax probe widened to 17 Swiss banks: report Wed,26 Oct 2011 03:19 PM PDT Reuters - (Reuters) - U.S. authorities have widened their investigation to 17 Swiss banks under scrutiny for possibly helping wealthy Americans dodge taxes, a Swiss newspaper reported, citing several financial sector sources. Full Story Top Olympus chairman quits as Japan watchdog probes firm Wed,26 Oct 2011 03:14 PM PDT Reuters - TOKYO (Reuters) - Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong. Full Story Top Euro zone summit stalls on banks Wed,26 Oct 2011 04:55 PM PDT Reuters - BRUSSELS (Reuters) - Negotiations with Greece's private creditors on a second rescue package for Athens have broken down, throwing efforts to resolve the euro zone debt crisis into doubt despite progress in boosting the region's rescue fund to one trillion euros. Full Story Top UAW says workers approve Chrysler contract Wed,26 Oct 2011 04:03 PM PDT Reuters - DETROIT (Reuters) - Unionized workers at Chrysler Group LLC ratified a four-year labor pact on Wednesday, closing out the first round of talks since two of the three Detroit automakers nearly collapsed and took federal bailouts in 2009. Full Story Top

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