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Tuesday, December 7, 2010

Before the Bell: Futures rise on tax cut deal

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Good Morning Pan, TUE 07 Dec 2010 
 
Futures rise on tax cut deal
U.S. exits Citigroup stake and earns $12 billion profit
Markets tense as EU makes no move on debt crisis
China rate rise talk builds as loans and inflation rise
Wal-Mart class-action appeal goes to Supreme Court
Sumitomo may invest in Molycorp for rare earth supply
Tesco sees good growth overseas, UK picking up
China's Bright Food close to GNC deal: source
U.S. economy still not on Easy Street
Kraft seeks court injunction in Starbucks fight

Futures rise on tax cut deal
December 07, 2010 07:47 AM ET
NEW YORK (Reuters) - Stock index futures rose on Tuesday after President Barack Obama forged a compromise with Republicans to extend Bush-era tax breaks for two years.

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U.S. exits Citigroup stake and earns $12 billion profit
December 07, 2010 12:52 AM ET
WASHINGTON (Reuters) - The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.

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Markets tense as EU makes no move on debt crisis
December 07, 2010 07:54 AM ET
BRUSSELS/LONDON (Reuters) - Tension persisted on European bond markets on Tuesday after Germany and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis, leaving the ball with a reluctant European Central Bank.

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China rate rise talk builds as loans and inflation rise
December 07, 2010 01:29 AM ET
BEIJING (Reuters) - China is likely to raise interest rates in the coming days in a demonstration of the government's resolve to tame inflation, an official newspaper said on Tuesday.

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