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Tuesday, December 13, 2011
Our most popular with you last 24 hours - 2011 Dec 12 09:00 – 2011 Dec 13 08:00 CET
Monday, December 12, 2011
USA President Barack Obama admits Iran has downed US drone
Uploaded by telegraphtv on Dec 12, 2011
President Barack Obama acknowledges a US drone was in Iranian hands for the first time and said the US has asked Tehran to return thespy aircraft.
USA - anti-Wall Street demonstrators block US Port of Long Beach.
Uploaded by telegraphtv on Dec 12, 2011
Several hundred anti-Wall Street demonstrators face off with police in the rain at a terminal facility in the Port of Long Beach.
The Final 4 Perform LIVE on WED 12/14 at 8/7c! TheXFactorUSA 2011
Uploaded by TheXFactorUSA on Dec 12, 2011
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Europe - Regulators Put Google (NASDAQ:GOOG), Motorola (NYSE:MMI) Merger Review on Hold
Uploaded by FinancialNewsOnline on Dec 12, 2011
European regulators have temporarily stopped their review of Google's (NASDAQ:GOOG) proposed acquisition of Motorola Mobility (NYSE:MMI) in an effort to gain more information about the deal before making a ruling, Bloomberg reports.
The European Commission had originally looked to make a decision by January 10, but the review was halted on December 6. A Google spokesperson says the EU's request for more information is "routine".
Google (NASDAQ:GOOG) has potential upside of 17.5% based on a current price of $621.49 and an average consensus analyst price target of $730.3.
The European Commission had originally looked to make a decision by January 10, but the review was halted on December 6. A Google spokesperson says the EU's request for more information is "routine".
Google (NASDAQ:GOOG) has potential upside of 17.5% based on a current price of $621.49 and an average consensus analyst price target of $730.3.
Iran - US angered as Tehran blocks 'virtual embassy' launched last week by US State Department
Uploaded by BBCNewsHeadlines on Dec 12, 2011
Last week the US state department launched a "virtual embassy" website, but within hours, the Iranian government blocked it to domestic users.
The US says it aims to offer information and foster dialogue with Iranian citizens - but an Iranian spokesman said it was an admission that the US authorities had made "a mistake in turning their back on the Iranian people".
The US embassy in Tehran was closed in 1979 when militants stormed the premises and seized dozens of American hostages.
Karen Zarindast reports.
This video was produced by BBC Persian's Aydin Salehi.
The US says it aims to offer information and foster dialogue with Iranian citizens - but an Iranian spokesman said it was an admission that the US authorities had made "a mistake in turning their back on the Iranian people".
The US embassy in Tehran was closed in 1979 when militants stormed the premises and seized dozens of American hostages.
Karen Zarindast reports.
This video was produced by BBC Persian's Aydin Salehi.
USA - NY Times Investigation Claims Corzine was Personally Hand on with MF Global Trading
Uploaded by FinancialNewsOnline on Dec 12, 2011
According to a NY Times investigation, the former CEO of MF Global, Jon Corzine personally pushed through a $6.3B bet on European debt. From the investigation, it appears that former Governor Corzine has a gambling problem and "played a much larger, hands-on role in the firm's high-stakes risk-taking than has previously been known."
Corzine was even known to trade using his blackberry and often left meetings to check the markets. Unusual for CEO's Corzine was part of a group that traded the firms money.
Corzine stated at last week's Senate hearing that, "As of today, none of the foreign debt securities that MF Global used has defaulted or been restructured. There actually were no losses."
While technically true the Times also noted that about $1B is still missing for many of MF Global's clients.
Corzine was even known to trade using his blackberry and often left meetings to check the markets. Unusual for CEO's Corzine was part of a group that traded the firms money.
Corzine stated at last week's Senate hearing that, "As of today, none of the foreign debt securities that MF Global used has defaulted or been restructured. There actually were no losses."
While technically true the Times also noted that about $1B is still missing for many of MF Global's clients.
What's In The News: December 12, 2011 - Research in Motion DuPont KKR & Co Bain Capital
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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