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Tuesday, November 08, 2011

Today's Top Stories 11-8-11

BLOOMBERG

Herman Cain denied detailed claims of inappropriate sexual behavior made by a fourth woman yesterday, as the Republican presidential candidate seeks to control the scandal threatening to derail his campaign.

The U.S. Supreme Court debated whether an American boy’s passport should list his birthplace as Jerusalem or Israel in a case that may redefine the foreign- policy roles of the president and Congress.

BNP Paribas SA and Commerzbank AG are unloading sovereign bonds at a loss, leading European lenders in a government-debt flight that threatens to exacerbate the region’s crisis.

Toll Brothers Inc., the largest U.S. luxury-home builder, said fourth-quarter revenue increased 6 percent amid strong sales at its East Coast communities.

Most of the biggest solar-equipment makers may disappear in the next few years as plunging prices erode margins and drive the weakest out of business, according to Trina Solar Ltd., the fifth-largest supplier of solar panels.

AP Top Stories

Attorney General Eric Holder says an investigation of arms traffickers called Operation Fast and Furious was flawed in concept as well as in execution, never should have happened and "it must never happen again."

Silvio Berlusconi's closest coalition ally, Umberto Bossi, told him to resign on Tuesday in what could be a mortal blow to the Italian prime minister before a crunch vote in parliament.

Greece will get a new prime minister later Tuesday, a senior government official said, as the country's European partners ratcheted up the pressure for a swift resolution to the political crisis.

Business is booming at credit unions as consumers flee the high fees and low yields at traditional banks, but experts say comparison shopping is vital before switching and there may not necessarily be a credit union for everyone.

A strike by Portuguese public transport workers shut down national train services in the latest major protest against austerity measures designed to reduce the country's crippling debt burden.

A transsexual woman and an openly gay man took seats in Poland's newly elected parliament, historic firsts that reflect profound social change in this traditionally Roman Catholic country.

A Cornell University sociologist surveyed 2,000 adults from a national database and found that from 1985 to 2010, the number of truly close friends people cited has dropped -- even though we're socializing as much as ever.

An asteroid the size of a city block zoomed by Earth inside the orbit of the moon, made its closest approach to Earth at 6:28 p.m. EST, but it posed no danger of smashing into our planet.

The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak environment for trading and deal-making.

Sales of Airbus' revamped A320neo topped 1,000 as the European plane maker extended its lead over Boeing in the annual tug-of-war for jetliner sales.

Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities closer to obtaining names of alleged tax cheats.

1 comment:

Anonymous said...

Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities closer to obtaining names of alleged tax cheats.

Yay!