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Friday, December 31, 2010

DAI: Indexes end strong year and month with quiet day

Reuters
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12/31/2010
News Good evening Pan
LATEST NEWS
Indexes end strong year and month with quiet day
NEW YORK (Reuters) - U.S. stocks closed out a year of double-digit gains and the S&P's best December since 1991 with a quiet and little changed session on Friday as investors found no reason to make big bets ahead of the new year. | Full Article
United loses arbitration in regional jet dispute
December 31, 2010 02:48 PM ET
LOS ANGELES (Reuters) - An arbitrator ruled that United Continental Holdings cannot use Continental's codes for 70-seat jets operated by its regional partners since a labor contract requires them to be flown by Continental pilots. | Full Article
Global stock fund inflows gain, bonds slow: source
December 31, 2010 02:46 PM ET
NEW YORK (Reuters) - Money flows to global equity and other stock funds accelerated during the fourth quarter, signaling a possible twist in 2011 from the record investments made in bond portfolios over the last year, according to a report published by EPFR Global on Friday. | Full Article
Oil hits 26-month high to end 2010 up 15 percent
December 31, 2010 03:52 PM ET
HOUSTON/NEW YORK (Reuters) - Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits. | Full Article
Skype could be designated illegal in China
December 31, 2010 01:06 PM ET
BEIJING/NEW YORK (Reuters) - China will crack down on what it called illegal Internet telephone providers, according to a circular from the Chinese government, a policy that could hurt the popular service Skype. | Full Article
US TOP NEWS
CVS to buy Universal's Medicare unit for $1.25 billion
December 31, 2010 01:42 PM ET
NEW YORK (Reuters) - CVS Caremark, No. 2 U.S. drugstore chain, agreed to buy Universal American's Medicare prescription drug business for about $1.25 billion to expand in a growing segment of the pharmacy benefit market. | Full Article
Stocks, commodities shine in 2010
December 31, 2010 02:13 PM ET
NEW YORK/LONDON (Reuters) - World stocks were set to end 2010 at their highest levels in 28 months as investors geared up for further risk-taking into 2011, prompted by a wilting dollar and low yields on U.S. bonds. | Full Article
ArcelorMittal matches rival offer for Baffinland
December 31, 2010 12:41 PM ET
PARIS/TORONTO (Reuters) - Steel giant ArcelorMittal upped its takeover bid for Baffinland Iron Mines on Friday, valuing the company at about C$550 million ($550 million) as it pursues its undeveloped iron ore deposit in Canada's Arctic. | Full Article
Anadarko deemed a good fit for BHP amid bid talk
December 31, 2010 04:06 PM ET
SYDNEY (Reuters) - Miner BHP Billiton's acquisition strategy was back in the spotlight on Friday as market talk resurfaced that it was looking at a $40 billion-plus bid for Anadarko Petroleum Plc, although banking sources said they were unaware of any imminent offer. | Full Article
U.N. official warns Gbagbo on rights violations
December 31, 2010 04:02 PM ET
ABIDJAN/GENEVA (Reuters) - A senior United Nations official warned incumbent Ivory Coast President Laurent Gbagbo and other senior officials on Friday they may be held criminally accountable for human rights violations. | Full Article
HEALTH NEWS
Eating lots of red meat ups women's stroke risk
Pregnant women often deny smoking
Spike in problem drinkers under proposed new rules
Study finds no blood clot risk with hormone patch
Few Americans travel overseas for medical care
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