From: "Yahoo! Alerts" <alerts@daily.yahoo.com>
Subject:Daily News Digest: Reuters Business News Headlines - Yahoo! News
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Thursday, December 29, 2011 11:18 AM PST
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<b>Today's Reuters Business News Headlines - Yahoo! News:</b><br>
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<li><a href="#story0">S.Africa's rand recovers but still vulnerable</a></li>
<li><a href="#story1">Asian stocks trim losses, Italian auction looms</a></li>
<li><a href="#story2">Tanzania 10-year bond auction flops</a></li>
<li><a href="#story3">Dealtalk: Tough India IPO market drives deals</a></li>
<li><a href="#story4">Gold wallows near 3-month low; Italy bond sale eyed</a></li>
<li><a href="#story5">Brent oil steadies above $107, dollar weighs</a></li>
<li><a href="#story6">Asian stocks inch lower, euro extends drop</a></li>
<li><a href="#story7">Ivorian cocoa buyers seek end to grinders tax break</a></li>
<li><a href="#story8">Cameroon raises cotton price to curb smuggling</a></li>
<li><a href="#story9">Wall St drops on euro-zone worries, S&P</a></li>
<li><a href="#story10">Alibaba opens group-buying platform to Groupon and others</a></li>
<li><a href="#story11">S&P reviews Sears for possible downgrade</a></li>
<li><a href="#story12">Mitt Romney shares his views on PBS, federal funding</a></li>
<li><a href="#story13">Oil sands OK starts option clock for Athabasca</a></li>
<li><a href="#story14">No trial delay for accused Ponzi schemer Stanford</a></li>
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<a href="http://news.yahoo.com/africas-rand-recovers-still-vulnerable-065804007.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">S.Africa's rand recovers but still vulnerable</a><br>
Wed,28 Dec 2011 10:58 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/africas-rand-recovers-still-vulnerable-065804007.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/scp9m0XGtY07sDRmJBh_jQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T065804Z_1_AJOE7BS0JCV00_RTROPTP_2_OZABS-MARKETS-SAFRICA-RAND-20111229.JPG" alt="photo" align="left" title="A CHILD HOLDS A FIFTY RAND NOTE." border="0" /></a>JOHANNESBURG, Dec 29 - South Africa's rand recouped some of its overnight losses against the dollar on Thursday but could give up further ground in line with a struggling euro, with thin liquidity as the year closes exaggerating some of the moves. "It's really just a stronger dollar across the board, really driven by lower euro-dollar, and we're just rebalancing based on that," said Garth Klintworth, head of fixed income, commodities and currencies at Absa Capital. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/africas-rand-recovers-still-vulnerable-065804007.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-024658812.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Asian stocks trim losses, Italian auction looms</a><br>
Wed,28 Dec 2011 10:39 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-024658812.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/BLMhJJ.YGEfNxEqdFYzugA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2011-12-29T063934Z_4_BTRE7BR0A4X00_RTROPTP_2_KOREA-NORTH-MARKETS.JPG" alt="photo" align="left" title="Currency dealers talk in front of screens showing the stock price index and the exchange rate between the South Korean won and the dollar at a bank in Seoul" border="0" /></a>SINGAPORE (Reuters) - Asian stocks slipped on Thursday on weakness in the U.S. and European share markets and caution ahead of an Italian debt sale, though year-end window dressing of portfolios by some traders helped trim losses. European shares are expected to inch higher, reversing some of the previous session's losses, with cautiousness ahead of the key Italian debt auction by Italy seen limiting the gains. Spreadbetters expect London's FTSE to open up 0.04 percent, Frankfurt's DAX to open up 0.3 percent, and Paris' CAC 40 to open up 0.3 percent. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-024658812.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/tanzania-10-bond-auction-flops-063449592.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Tanzania 10-year bond auction flops</a><br>
Wed,28 Dec 2011 10:34 PM PST<br>
<b>Reuters</b> - DAR ES SALAAM (Reuters) - A Tanzanian 10-year Treasury bond auction was hugely undersubscribed on Wednesday, with the central bank selling less than 5 percent of the amount of bonds on offer. The Bank of Tanzania had offered 20 billion shillings of the fixed-rate Treasury bonds with an 11.44 percent coupon. It received bids worth just 0.926 billion shillings and accepted all of them, making the auction one of the country's worst bond sales in recent history. The central bank said the weighted average yield to maturity in the auction was 16.9791 percent. Bids ranged from 62.2863 shillings to ... </b><a href="http://news.yahoo.com/tanzania-10-bond-auction-flops-063449592.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/dealtalk-tough-india-ipo-market-drives-deals-062529340.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Dealtalk: Tough India IPO market drives deals</a><br>
Wed,28 Dec 2011 10:25 PM PST<br>
<b>Reuters</b> - MUMBAI (Reuters) - When Ind-Barath Power Infra Ltd dropped plans for a $200 million IPO earlier this year, it not only thwarted the fundraising plans of its controlling shareholder, but blocked an exit route for a clutch of private equity investors. Those funds, including Sequoia Capital, Citigroup's venture capital arm and 3i , invested a combined $223 million in Ind-Barath and may get a breather as the firm is in talks to sell a big chunk to buyout giants such as TPG Capital and Apollo Global Management . ... </b><a href="http://news.yahoo.com/dealtalk-tough-india-ipo-market-drives-deals-062529340.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/gold-wallows-near-3-month-low-italy-bond-055825601.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Gold wallows near 3-month low; Italy bond sale eyed</a><br>
Wed,28 Dec 2011 09:58 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/gold-wallows-near-3-month-low-italy-bond-055825601.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/9yIhqyv48y0ZeMwz_cVo6g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T060435Z_1_AJOE7BS0GVP00_RTROPTP_2_OZABS-MARKETS-PRECIOUS-20111229.JPG" alt="photo" align="left" title="Gold bars are displayed at the headquarters of Mitsubishi Materials Corporation in Tokyo" border="0" /></a>SINGAPORE (Reuters) - Gold wallowed near a three-month low on Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day. The dollar index traded steady after surging in the previous session, as investors grew increasingly nervous over a key Italian bond auction scheduled on Thursday even after a strong sale of short-term bonds. Worries that the euro zone debt crisis was spinning out of control have depressed the financial markets in the past few months. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/gold-wallows-near-3-month-low-italy-bond-055825601.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/brent-oil-steadies-above-107-dollar-weighs-055502597.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Brent oil steadies above $107, dollar weighs</a><br>
Wed,28 Dec 2011 09:55 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/brent-oil-steadies-above-107-dollar-weighs-055502597.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/eo6Hl.0zyQcUNNw33yvkfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T060400Z_1_AJOE7BS0GUP00_RTROPTP_2_OZABS-MARKETS-OIL-20111229.JPG" alt="photo" align="left" title="An engineer conducts routine checks on oil tanks at a refinery in Wuhan" border="0" /></a>SINGAPORE (Reuters) - Brent crude oil steadied above $107 a barrel on Thursday, as a stronger dollar and rising U.S. crude stocks offset Iranian threats to halt a vital oil trade route. Brent eased three cents to $107.53 a barrel by 0207 GMT, adding to a loss of nearly $2 the day before. Wednesday's decline snapped a string of six straight sessions of gains. U.S. crude rose 20 cents to $99.56 a barrel. "A big increase in U.S. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/brent-oil-steadies-above-107-dollar-weighs-055502597.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-055424011.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Asian stocks inch lower, euro extends drop</a><br>
Wed,28 Dec 2011 09:54 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-055424011.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/wB7G.JbLpLkE6pG0ajyTaw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T060214Z_1_AJOE7BS0GRS00_RTROPTP_2_OZABS-MARKETS-GLOBAL-20111229.JPG" alt="photo" align="left" title="People look at a stock index board outside a brokerage in Tokyo" border="0" /></a>SINGAPORE (Reuters) - Asian stocks fell on Thursday, taking cues from weak U.S. and European shares, as players cut positions heading into the year end with an Italian debt auction later in the day keeping markets nervous. The euro extended losses against the dollar to near a one-year low, and a 10-year low against the yen, while the sell-off in stocks and the firm U.S. currency helped crude oil snap a six-session rally and kept gold prices near a three-month low. The Nikkei fell as much as 1.1 percent, before recovering to be off 0.7 percent. The MSCI ex-Japan Asia Pacific index shed 0. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/asian-stocks-inch-lower-euro-extends-drop-055424011.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/ivorian-cocoa-buyers-seek-end-grinders-tax-break-053149061.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Ivorian cocoa buyers seek end to grinders tax break</a><br>
Wed,28 Dec 2011 09:31 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/ivorian-cocoa-buyers-seek-end-grinders-tax-break-053149061.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/ykA6.6DZCQ8GpwCimS45bQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T060045Z_1_AJOE7BS0GPB00_RTROPTP_2_OZABS-COCOA-IVORYCOAST-SUBSIDIES-20111229.JPG" alt="photo" align="left" title="Cocoa bags are seen in a warehouse in Gonate" border="0" /></a>ABIDJAN (Reuters) - Major buyers of Ivorian cocoa have urged the government of the world's top producing nation to cut a 20-year old tax break given to local grinders, arguing the incentive handed grinders an unfair market advantage. Members of an international and local buyers association, which includes France-based commodities firm Sucden and leading cocoa trader Armajaro, said in a letter to Ivorian authorities the tax benefit distorted the market. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/ivorian-cocoa-buyers-seek-end-grinders-tax-break-053149061.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/cameroon-raises-cotton-price-curb-smuggling-052902872.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Cameroon raises cotton price to curb smuggling</a><br>
Wed,28 Dec 2011 09:29 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/cameroon-raises-cotton-price-curb-smuggling-052902872.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/xzkU6QNQiCyt6b7XhgvZ4g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T053651Z_1_AJOE7BS0FLI00_RTROPTP_2_OZABS-CAMEROON-COTTON-20111229.JPG" alt="photo" align="left" title="Farmers stack cotton at a cotton purchase station in Hami" border="0" /></a>YAOUNDE (Reuters) - Cameroon state firm SODECOTTON has increased farm gate raw cotton price by 27.5 percent for the current harvest in an effort to dissuade farmers from smuggling their produce to neighbouring Nigeria, a spokesman said on Wednesday. SODECOTTON said it will pay farmers 255 CFA francs per kg of cotton this season from 200 CFA per kg in the previous season. About 16 percent of Cameroon's total output of 161,000 tonnes in the 2010/2011 season was smuggled into Nigeria where farmers were paid almost twice what they get in Cameroon, said Louis-Marie Nama. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/cameroon-raises-cotton-price-curb-smuggling-052902872.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/wall-st-drops-euro-zone-worries-p-052631368.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Wall St drops on euro-zone worries, S&P</a><br>
Wed,28 Dec 2011 09:26 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/wall-st-drops-euro-zone-worries-p-052631368.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/I8vuQyzg.GGdK5P1G9dqQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2011-12-29T060237Z_1_AJOE7BS0GSE00_RTROPTP_2_OZABS-MARKETS-USA-STOCKS-CLOSE-20111229.JPG" alt="photo" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - U.S. stocks fell 1 percent on Wednesday as renewed concerns about the euro zones prompted investors to sell equities after last week's hefty year-end rally, wiping out the S&P 500's gains for the year. Based on the latest available data, the Dow Jones industrial average was down 139.94 points, or 1.14 percent, to end unofficially at 12,151.41. The Standard & Poor's 500 Index was down 15.79 points, or 1.25 percent, to finish unofficially at 1,249.64. The Nasdaq Composite Index was down 35.22 points, or 1.34 percent, to close unofficially at 2,589.98.</p><br clear="all"/> </b><a href="http://news.yahoo.com/wall-st-drops-euro-zone-worries-p-052631368.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/alibaba-opens-group-buying-platform-groupon-others-042113943.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Alibaba opens group-buying platform to Groupon and others</a><br>
Wed,28 Dec 2011 08:21 PM PST<br>
<b>Reuters</b> - SHANGHAI (Reuters) - Alibaba Group has opened its group-buying platform, Juhuasuan.com, to other industry players such as Groupon's Chinese joint venture firm Gaopeng and the country's leading group-buying website Meituan. Juhuasuan, which was launched in March last year, is a platform on which users can browse through hundreds of group-buying deals. ... </b><a href="http://news.yahoo.com/alibaba-opens-group-buying-platform-groupon-others-042113943.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/p-reviews-sears-possible-downgrade-003654976.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">S&P reviews Sears for possible downgrade</a><br>
Wed,28 Dec 2011 04:36 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/p-reviews-sears-possible-downgrade-003654976.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/0odZG0lINQrHOZCf4um_LA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2011-12-29T003654Z_1_BTRE7BS01PP00_RTROPTP_2_CBUSINESS-US-SEARS-RATING.JPG" alt="photo" align="left" title="A customer leaves the Sears store in Denver" border="0" /></a>(Reuters) - Standard & Poor's placed Sears Holdings Corp's credit rating on review for a possible downgrade on Wednesday, saying the retailer's plan to close at least 100 stores may not do much to improve its performance. S&P currently rates Sears' corporate credit at "B," which is five notches into "junk" bond territory. Sears shares tumbled on Tuesday after the company said it would close 100 to 120 Kmart and Sears stores and reduce inventory in an effort to cut costs and get rid of underperforming locations. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/p-reviews-sears-possible-downgrade-003654976.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/mitt-romney-shares-views-pbs-federal-funding-234326038.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Mitt Romney shares his views on PBS, federal funding</a><br>
Wed,28 Dec 2011 03:43 PM PST<br>
<b>Reuters</b> - NEW YORK (TheWrap.com) - He doesn't want to drown him in a bath tub, but Mitt Romney said Wednesday that if he's elected president, Big Bird will have to sing for his seed. "We're not going to kill Big Bird, but Big Bird is going to have advertisements," Romney said, while speaking at Homer's Deli in Clinton, Iowa. Like virtually every other conservative candidate, Romney has had it -- had it! -- with government expenditures like public broadcasting, and he wants to save taxpayers money by cutting federal funding to programs like PBS and the National Endowment for the Arts. ... </b><a href="http://news.yahoo.com/mitt-romney-shares-views-pbs-federal-funding-234326038.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/athabasca-oil-sands-gets-regulatory-nod-key-alberta-120053025.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Oil sands OK starts option clock for Athabasca</a><br>
Wed,28 Dec 2011 02:58 PM PST<br>
<b>Reuters</b> - CALGARY, Alberta (Reuters) - Athabasca Oil Sands Corp has won regulatory approval for its MacKay River oil sands project, opening a one-month window that could result in its state-owned Chinese partner taking full control of the development. As part of a previous funding deal, Athabasca and its joint-venture partner, PetroChina, have options to trade the Canadian company's 40 percent interest in the 150,000 barrel a day project in northern Alberta at a strike price of C$680 million ($665 million). ... </b><a href="http://news.yahoo.com/athabasca-oil-sands-gets-regulatory-nod-key-alberta-120053025.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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<a href="http://news.yahoo.com/no-trial-delay-accused-ponzi-schemer-stanford-221717486.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">No trial delay for accused Ponzi schemer Stanford</a><br>
Wed,28 Dec 2011 02:55 PM PST<br>
<b>Reuters</b> - <p><a href="http://news.yahoo.com/no-trial-delay-accused-ponzi-schemer-stanford-221717486.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw"><img src="http://l.yimg.com/bt/api/res/1.2/B3QMiJ9o_X2izHxYF53Ddw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2011-12-28T221717Z_1_BTRE7BR1PWX00_RTROPTP_2_CBUSINESS-US-STANFORD-PONZI-TRIAL.JPG" alt="photo" align="left" title="Texas billionaire Allen Stanford flashes a "thumb up" as he leaves the Federal courthouse in Houston, Texas" border="0" /></a>(Reuters) - Allen Stanford, accused of running a $7.2 billion Ponzi scheme, on Wednesday lost his bid for a three-month delay in his criminal fraud trial, clearing the way for jury selection to begin on January 23. District Judge David Hittner said the public interest in a speedy trial was "particularly acute," citing the allegations that Stanford deceived thousands of investors into buying certificates of deposit from his Antiguan bank, resulting in billions of dollars of losses. The Houston-based judge also noted that Stanford has been in pre-trial detention for 2-1/2 years since his arrest. ...</p><br clear="all"/> </b><a href="http://news.yahoo.com/no-trial-delay-accused-ponzi-schemer-stanford-221717486.html;_ylc=X3oDMTEwcmQwZ2FkBF9TAzIyMDM4Mjc1MjMEZW1haWxJZAMxMzI1MTg2Mjkw">Full Story</a></b></font>
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