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Monday, January 10, 2011

DAI: Wall Street dips, tossed by earnings, Portugal fears

Reuters
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01/10/2011
News Good evening Pan
LATEST NEWS
Wall Street dips, tossed by earnings, Portugal fears
NEW YORK (Reuters) - Stocks recovered most of their early losses in light volume and ended slightly lower on Monday as prospects for strong earnings helped counter fears Portugal would be forced into a bailout. | Full Article
Alcoa fourth-quarter profit rises on higher demand
January 10, 2011 04:30 PM ET
NEW YORK (Reuters) - Alcoa Inc reported a jump in fourth-quarter profit on Monday, beating Wall Street estimates as aluminum prices and demand rose after two years in the doldrums. | Full Article
SEC sues ex-Trivium fund manager in Galleon case
January 10, 2011 02:54 PM ET
NEW YORK (Reuters) - The co-founder of a one-time $900 million hedge fund was accused of insider trading by U.S. securities regulators, an offshoot of the long-running Galleon hedge fund probe. | Full Article
Morgan Stanley to spin off prop trading unit
January 10, 2011 02:19 PM ET
CHARLOTTE, North Carolina (Reuters) - Morgan Stanley will spin off its proprietary trading business into an independent firm in 2012, joining a host of Wall Street banks scrambling to comply with new rules that bar making market bets with their own capital. | Full Article
Duke Energy to buy Progress Energy for $13.7 billion
January 10, 2011 04:15 PM ET
NEW YORK (Reuters) - Duke Energy's planned $13.7 billion purchase of Progress Energy Inc is the biggest test yet of whether regulators will allow utilities to merge and fortify their finances for huge new investments. | Full Article
US TOP NEWS
Ex-House leader DeLay gets 3-year prison term
January 10, 2011 04:22 PM ET
AUSTIN, Texas (Reuters) - Former House of Representatives Republican Leader Tom DeLay was sentenced to three years in prison on Monday after a jury found him guilty of money laundering and conspiracy. | Full Article
Suspect in Arizona shootings to appear in court
January 10, 2011 04:12 PM ET
TUCSON, Arizona (Reuters) - A 22-year-old man charged with trying to assassinate congresswoman Gabrielle Giffords in a shooting rampage that killed six people and wounded 14, is due to appear in court on Monday on charges of murder and attempted murder. | Full Article
Biden on surprise Afghan trip for talks with Karzai
January 10, 2011 02:07 PM ET
KABUL (Reuters) - Vice President Joe Biden arrived in Afghanistan on Monday on a surprise trip to assess a shift in security operations to Afghan forces before a gradual U.S. troop withdrawal starts in July. | Full Article
ECB gives Portugal temporary lifeline, traders say
January 10, 2011 02:17 PM ET
LONDON/BRUSSELS (Reuters) - The European Central Bank threw Portugal a temporary lifeline on Monday by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon. | Full Article
Clinton says sanctions are slowing Iran atom work
January 10, 2011 10:54 AM ET
ABU DHABI (Reuters) - Sanctions have set back Iran's nuclear program, giving major powers more time to persuade Tehran to change tack, Secretary of State Hillary Clinton said Monday. | Full Article
HEALTH NEWS
Swine flu survivors developed super flu antibodies
Quake amputees embody resilience in broken Haiti
Latent TB treatment a greater risk to older adults
Sibling spacing may be tied to autism risk: study
Likely no tie between male birth defect, chemical
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