Uploaded by FinancialNewsOnline on Dec 12, 2011
This is what's in the news for Monday, December 12th. The Wall Street Journal reports European governments and investors are waiting for today's decision on the summit accord worked out last week from the one institution they believe can stop the euro zone's downward debt spiral: the European Central Bank. The Wall Street Journal also reports Research in Motion (NASDAQ:RIMM) said it fulfilled its commitments to improve its operations and cooperate with authorities in Indonesia, so it doesn't understand why some local officials are again threatening to block its services. Bloomberg reports Toyota Motor (NYSE:TM), counting on the revamped Camry to spark a U.S. sales rally, is now under additional pressure as a stronger currency and Thailand’s floods cut into profit. And finally, Reuters reports several buyout firms are preparing to participate in the about $4B DuPont (NYSE:DD) auction for its automotive finishes and industrial coatings unit. Major private equity firms interested include KKR & Co (NYSE:KKR), Bain Capital, TPG Capital and Onex Corp.
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