MF Global’s Corzine: I did not intend to break rules (Reuters)

Reuters – A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he “never intended” to break rules and had no clue what happened to hundreds of millions of dollars in missing customer mo
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Wall Street hits session lows (Reuters)

Reuters – Bank stocks led a selloff on Wall Street on Thursday after the European Central Bank tempered hopes that policy-makers were priming a much anticipated financial “bazooka,” while European banks were told to increase their capital by 114.7 billion euros. Yaho
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Wall St edges up with eyes on EU summit (Reuters)

Reuters – Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading. Yahoo! News: Business News
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S&P piles pressure on EU budget plan (Reuters)

Reuters – Standard & Poor’s has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region’s debt crisis in a summit on Friday. Yahoo! News: Business News
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Wall Street gains on hopes for EU debt solution (Reuters)

Reuters – Stocks jumped at the start of what could be the most important week of the year for Wall Street as hopes grew that European leaders will find a solution to the region’s debt crisis at a summit on Friday. Yahoo! News: Business News
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SAP offers $3.4 billion for SuccessFactors (Reuters)

Reuters – Germany’s SAP announced a $ 3.4 billion cash deal to buy U.S. web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses. Yahoo! News: Business News
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Time of reckoning for the euro zone (Reuters)

Reuters – Failure by European leaders at their summit this week to fix the fatal flaw in the euro zone, its lack of political union, would risk tremendous market upheaval, a rupture of the common currency and global economic fallout. Yahoo! News: Business News
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Wall Street heads for best week in 3 years (Reuters)

Reuters – Stocks rose on Friday, on course for their best week in almost three years, after the U.S. unemployment rate dropped to a 2-1/2 year low, but resistance close to a key technical level limited gains as traders booked profits before the weekend. Yahoo! News: Business New
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Blackstone, Bain plan Yahoo bid: source (Reuters)

Reuters – Blackstone Group and Bain Capital are preparing a bid for all of Yahoo Inc that could value the Internet company at more than $ 20 per share, with the participation of Yahoo’s Asian partners, a source familiar with the matter said on Wednesday. Yahoo! News: Busin
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Stock futures soar on Europe hopes (Reuters)

Reuters – Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. Yahoo! News: Business News
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