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Monday, March 7, 2011

DAI: Wall St ends lower, semis slide

Reuters
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03/7/2011
News Good evening Pan
LATEST NEWS
Wall St ends lower, semis slide
NEW YORK (Reuters) - Technology stocks sold off after a brokerage downgrade on Monday, leading the market lower, while uncertainty over higher oil prices looked set to drive volatility in the days ahead. | Full Article
Exclusive: IMF's Lipsky warns of emerging markets overheating
March 07, 2011 04:09 PM ET
WASHINGTON (Reuters) - Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday. | Full Article
LVMH bags jeweller Bulgari in $5.2 billion deal
March 07, 2011 04:04 PM ET
PARIS/MILAN (Reuters) - French luxury group LVMH is buying Italian peer Bulgari for 3.7 billion euros ($5.2 billion), adding luster to its jewelry business and broadening its exposure to emerging markets. | Full Article
Moody's downgrade tips Greece closer to brink
March 07, 2011 11:44 AM ET
ATHENS/LONDON (Reuters) - Moody's slashed Greece's credit rating by three notches on Monday due to an increased default risk, raising the specter that the distressed euro zone sovereign may have to restructure its debt, perhaps before 2013. | Full Article
Genzyme CEO Termeer to leave with about $160 million
March 07, 2011 02:49 PM ET
NEW YORK (Reuters) - Genzyme Corp Chief Executive Henri Termeer is set to walk away with nearly $160 million when the sale of his company to French drugmaker Sanofi-Aventis is final -- and stands to earn considerably more should Genzyme's multiple sclerosis drug prove as successful as Termeer has predicted. | Full Article
US TOP NEWS
U.S. could tap oil reserves as gasoline price surges
March 07, 2011 08:39 AM ET
WASHINGTON/SINGAPORE (Reuters) - The U.S. government reiterated that it could tap its strategic oil reserves in order to safeguard economic growth as surging gasoline prices increase pressure for action. | Full Article
Wisconsin's Walker dismisses Democratic overture
March 07, 2011 04:11 PM ET
MADISON, Wisconsin (Reuters) - Wisconsin Gov. Scott Walker dismissed as "ridiculous" a request on Monday from the leader of absent Senate Democrats to meet and negotiate a compromise in their standoff over Republican plans to limit public sector union powers. | Full Article
Obama treads carefully on Libya, rebuffs pressure
March 07, 2011 03:31 PM ET
WASHINGTON (Reuters) - The White House pushed back on Monday against pressure from some lawmakers for direct intervention in Libya, saying it first wanted to figure out what various military options could achieve. | Full Article
Trump aide in Iowa to gauge presidential interest
March 07, 2011 02:25 PM ET
DES MOINES (Reuters) - A top aide to celebrity real estate tycoon Donald Trump visited Iowa on Monday to gauge interest in the idea of a Trump bid for the Republican U.S. presidential nomination in 2012. | Full Article
A million Libyans need aid; UK, France seek no-fly zone
March 07, 2011 03:48 PM ET
RAS LANUF, Libya (Reuters) - Britain and France said they were seeking U.N. authority for a no-fly zone over Libya, as Muammar Gaddafi's warplanes counter-attacked against rebels and aid officials said a million people were in need. | Full Article
HEALTH NEWS
Japan halts Pfizer, Sanofi vaccines after four die
Not getting enough sleep? Turn off the technology
Studies find gene links to world's biggest killer
Morning-after pill may be ok for non-emergency use
Lead poisoning kills 400 more Nigerian children
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