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• Wall Street rebounds after EU deal, but more stress seen (Reuters)
• Europe pushes ahead with fiscal union, UK isolated (Reuters)
• Consumer sentiment improves, trade gap narrows (Reuters)
• DOJ to seek delay or dismissal in AT&T trial (Reuters)
• DuPont cuts full-year 2011 outlook; shares drop (Reuters)
• Stocks gain as Europe moves closer to budget pact (AP)
• Analysis: Japan debt stays lukewarm as Europe boils over (Reuters)
• Earnings schedule for week of 12/12/2011 (AP)
• Euro rises against dollar on EU treaty hopes (AP)
• BofA lawyer says settlement challenger is Baupost (Reuters)
• U.S. threatens sanctions in Airbus battle with EU (Reuters)
• U.S. retailers trim Europe plans on region's debt woes (Reuters)
• Regulators could sanction Falcone over trading (Reuters)
• Oil prices waver as EU closes in on new treaty (AP)
• House GOP introduces bill renewing payroll tax cut (AP)
• Ford recalls 129,000 sedans; wheels may fall off (Reuters)

Wall Street rebounds after EU deal, but more stress seen (Reuters) Posted: 09 Dec 2011 09:36 AM PST Reuters - Stocks advanced on Friday as European Union leaders agreed on measures to address the region's sovereign debt crisis, while U.S. consumer confidence rose to its highest level in six months.

Europe pushes ahead with fiscal union, UK isolated (Reuters) Posted: 09 Dec 2011 09:29 AM PST Reuters - Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was left isolated.

Consumer sentiment improves, trade gap narrows (Reuters) Posted: 09 Dec 2011 10:08 AM PST Reuters - An index of consumer sentiment rose to its highest in six months in early December and the trade deficit narrowed in October in the latest signs that the U.S. economy's health is slowly improving.

DOJ to seek delay or dismissal in AT&T trial (Reuters) Posted: 09 Dec 2011 10:17 AM PST Reuters - The U.S. Justice Department said on Friday it would seek to stay or dismiss its lawsuit to stop AT&T Inc's purchase of T-Mobile USA because AT&T withdrew its application with the Federal Communications Commission, which must approve the deal.

DuPont cuts full-year 2011 outlook; shares drop (Reuters) Posted: 09 Dec 2011 08:22 AM PST Reuters - Chemical maker DuPont cut its full-year profit outlook on Friday, citing slower growth in some of its businesses due to weakness in the company's end markets, sending its shares down almost 5 percent.

Stocks gain as Europe moves closer to budget pact (AP) Posted: 09 Dec 2011 09:08 AM PST AP - A deal to forge stronger ties between most of Europe's economies sent stocks sharply higher at midday Friday as hopes grew that the region is close to resolving its debt crisis. The Dow Jones industrial average rose 173 points.

Analysis: Japan debt stays lukewarm as Europe boils over (Reuters) Posted: 08 Dec 2011 10:04 PM PST Reuters - Europe's debt crisis has brought Japan's own debt pile into a spotlight that ironically buys Tokyo more time to fix its finances by making alternatives to Japanese bonds look even less appealing.

Earnings schedule for week of 12/12/2011 (AP) Posted: 09 Dec 2011 09:59 AM PST AP - Major companies tentatively scheduled to report quarterly earnings next week:

Euro rises against dollar on EU treaty hopes (AP) Posted: 09 Dec 2011 10:16 AM PST AP - The euro rose modestly against the dollar Friday after the European Union said most of its member countries were open to joining a new treaty that they hope will prevent another debt crisis and save the single currency.

BofA lawyer says settlement challenger is Baupost (Reuters) Posted: 08 Dec 2011 05:48 PM PST Reuters - Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank.

U.S. threatens sanctions in Airbus battle with EU (Reuters) Posted: 09 Dec 2011 10:05 AM PST Reuters - The United States on Friday rejected a European Union plan to eliminate subsidies provided to Airbus and said it would request authorization from the World Trade Organization to impose potentially $7 billion to $10 billion annually in trade sanctions.

U.S. retailers trim Europe plans on region's debt woes (Reuters) Posted: 09 Dec 2011 07:54 AM PST Reuters - A string of big-brand U.S. retailers may curb their UK and European expansion plans, deterred by the region's bleak consumer outlook and nervousness over the unfolding sovereign debt crisis in the euro zone.

Regulators could sanction Falcone over trading (Reuters) Posted: 09 Dec 2011 09:42 AM PST Reuters - Philip Falcone, the hedge fund manager who became an overnight billionaire by betting on the collapse on the U.S. housing market, is now fighting to keep his career afloat.

Oil prices waver as EU closes in on new treaty (AP) Posted: 09 Dec 2011 09:27 AM PST AP - Oil prices wavered between small gains and losses Friday as the European Union moved closer to a plan that promises to fix the eurozone debt crisis.

House GOP introduces bill renewing payroll tax cut (AP) Posted: 09 Dec 2011 10:02 AM PST AP - House Republicans on Friday brought forward legislation that would extend the Social Security payroll tax cut through 2012 and trim extra benefits for the long-term unemployed.

Ford recalls 129,000 sedans; wheels may fall off (Reuters) Posted: 09 Dec 2011 09:55 AM PST Reuters - Ford Motor Co recalled nearly 129,000 Ford Fusion and Mercury Milan sedans in the United States citing a risk that the wheels may fall off, U.S. safety regulators said on Friday.

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