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• Stocks jump on euro zone optimism, retailers (Reuters)
• Judge blocks Citigroup-SEC settlement (Reuters)
• October home sales rise 1.3 percent but prices fall (Reuters)
• Germany, France press coercive euro zone debt rules (Reuters)
• Court delays AT&T merger hearing (Reuters)
• CA-CANADA Summary (Reuters)
• Rio Tinto says commodities customers more cautious (Reuters)
• Qantas says strikes, fuel costs to hit 1H earnings (AP)
• Europe scrambles to save euro (AP)
• Assured Guaranty files new claims against JPMorgan (Reuters)
• Oil prices rise on holiday sales, Europe hopes (AP)
• Shoppers snap up Cyber Monday deals (AP)
• State cos may cut petrol prices by about one rupee - source (Reuters)
• Senate Democrats push Obama payroll tax cut (AP)
• GM provides Volt drivers cars during probe (Reuters)

Stocks jump on euro zone optimism, retailers (Reuters) Posted: 28 Nov 2011 10:46 AM PST Reuters - Stocks surged about 3 percent on Monday on hopes that fresh proposals may emerge out of Europe to help solve the region's debt crisis.

Judge blocks Citigroup-SEC settlement (Reuters) Posted: 28 Nov 2011 11:17 AM PST Reuters - A federal judge angrily blocked Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.

October home sales rise 1.3 percent but prices fall (Reuters) Posted: 28 Nov 2011 10:55 AM PST Reuters - Sales of new homes rose in October and the supply of homes on the market fell to its lowest level since April of last year, showing some healing in the battered housing sector.

Germany, France press coercive euro zone debt rules (Reuters) Posted: 28 Nov 2011 10:14 AM PST Reuters - Germany and France stepped up a drive on Monday for coercive powers to reject euro zone members' budgets that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

Court delays AT&T merger hearing (Reuters) Posted: 28 Nov 2011 11:01 AM PST Reuters - The judge hearing the Justice Department's challenge of AT&T Inc's plan to buy Deutsche Telekom AG's T-Mobile USA unit has postponed a status conference set for this week until early December, the court said in an order issued on Monday.

CA-CANADA Summary (Reuters) Posted: 24 Nov 2011 02:32 PM PST Reuters - Coffee and doughnut chain Tim Hortons is closing its Kandahar outlet after five years in the war zone, shuttering its store on a Canadian military base as the country's troops leave Afghanistan.

Rio Tinto says commodities customers more cautious (Reuters) Posted: 27 Nov 2011 08:44 PM PST Reuters - Global miner Rio Tinto warned on Monday that further cracks may be emerging in global commodities markets as the economies of Europe and the United States waver, with its customers increasingly cautious on the outlook.

Qantas says strikes, fuel costs to hit 1H earnings (AP) Posted: 28 Nov 2011 04:20 AM PST AP - Qantas Airways Ltd. said Monday its half-year profit is likely to slide as much as two-thirds due to strikes and high jet fuel prices.

Europe scrambles to save euro (AP) Posted: 28 Nov 2011 10:31 AM PST AP - European leaders raced Monday to save the euro from impending breakup, as momentum gained for a radical proposal in which countries that use the common currency would cede control of a big chunk of their budgets to a central authority.

Assured Guaranty files new claims against JPMorgan (Reuters) Posted: 28 Nov 2011 11:28 AM PST Reuters - Bond insurer Assured Guaranty Ltd filed new claims against JPMorgan Chase & Co over a mortgage-backed security sold by Bear Stearns, saying more than 35 witnesses have come forward to testify about how loans in the $337 million transaction were misrepresented.

Oil prices rise on holiday sales, Europe hopes (AP) Posted: 28 Nov 2011 09:06 AM PST AP - Oil prices climbed Monday after shoppers pumped up holiday retail sales in the U.S., and investors bet that Europe would find a last-minute solution to its financial crisis.

Shoppers snap up Cyber Monday deals (AP) Posted: 28 Nov 2011 11:36 AM PST AP - Shoppers seem to be just as enthusiastic about shopping on their computers and smartphones on Cyber Monday as they were about finding deals over the weekend.

State cos may cut petrol prices by about one rupee - source (Reuters) Posted: 28 Nov 2011 09:59 AM PST Reuters - State refiners could cut retail prices of petrol by about one rupee a litre or 1.5 percent as softening Singapore spot gasoline prices have offset the impact of a declining rupee, an industry source said on Monday.

Senate Democrats push Obama payroll tax cut (AP) Posted: 28 Nov 2011 08:38 AM PST AP - Senate Democrats are pressing ahead on President Barack Obama's plan to cut in half every worker's payroll taxes next year — paid for by a 3.25 percent tax surcharge on the very wealthy.

GM provides Volt drivers cars during probe (Reuters) Posted: 28 Nov 2011 10:54 AM PST Reuters - General Motors Co will allow Chevrolet Volt owners to drive other GM vehicles while U.S. regulators investigate the safety of batteries used in the Volt after crash tests produced fires.

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