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 HEADLINES — Monday, October 17th, 2011

EU Policy Hopes Lift Stocks, Euro
LONDON (Reuters) - World stocks hit a 1-1/2 month high while the euro held near a one-month high on Monday after France and Germany said over the weekend they were making good progress on a plan to resolve the euro zone’s debt crisis and recapitalize the region’s banks.
Natsuko Waki, REUTERS US ONLINE REPORT BUSINESS NEWS - 34 minutes ago

BP and Anadarko Agree $4 Billion Oil Spill Settlement
LONDON (Reuters)- - Oil giant BP and Anadarko, its partner in the well which caused the Gulf of Mexico oil spill, have agreed a settlement on cleanup costs whereby Andarko will pay BP $4 billion -- less than half the amount it may have been forced to pay in court.
Tom Bergin, REUTERS US ONLINE REPORT BUSINESS NEWS - 35 minutes ago

Greece Heads for Standstill Before Austerity Vote
ATHENS (Reuters) - Greece faces a crucial test this week, when much of the country is expected to be shut down by a 48-hour strike reaching a peak on Thursday as parliament votes on a sweeping package of austerity measures demanded by international lenders.
Angeliki Koutantou, REUTERS US ONLINE REPORT WORLD NEWS - 36 minutes ago

Olympus Dives 24 Percent, Hit by Payments Reports
TOKYO (Reuters) - Shares in Olympus Corp plunged by a quarter on Monday after media reports quoted its ousted chief executive as accusing the board of firing him for probing allegations of improper payments related to acquisitions.
Isabel Reynolds and Tim Kelly, REUTERS US ONLINE REPORT TECHNOLOGY NEWS - 47 minutes ago

Wal-Mart China CEO Quits as Retailer Grapples With Pork Scandal
SHANGHAI/HONG KONG (Reuters) - The head of Wal-Mart Stores Inc’s <WMT.N> China business has resigned citing personal reasons, after the world’s largest retailer ran into trouble with Chinese authorities leading to store closures and employee detentions.
Melanie Lee and Donny Kwok, REUTERS US ONLINE REPORT BUSINESS NEWS - 61 minutes ago

Philips' TV Deal at Risk, Plans 4,500 Job Cuts
AMSTERDAM (Reuters) - Philips Electronics said it was considering its options should the sale of its TV business collapse as it reported plummeting third-quarter profits and little hope of a material improvement in the near term.
Roberta Cowan, REUTERS US ONLINE REPORT TOP NEWS - 66 minutes ago

North Korea and US to Meet in Geneva Next Week: Report
SEOUL (Reuters) - North Korea and the United States will hold a second round of talks in Geneva next week to discuss ways to restart regional talks on disabling North Korea’s nuclear weapons program, South Korean media reported Monday.
Jeremy Laurence, REUTERS US ONLINE REPORT WORLD NEWS - 69 minutes ago

 3 am
Euro Zone Eyes Yet Another “Comprehensive Strategy” 2:56 AM
BP and Anadarko Agree $4 Billion Oil Spill Settlement 2:31 AM
Stocks Rise, Euro Steady After G20 Urges Action 2:26 AM
 2 am
Greek Debt Write-Down Must Be Larger: German Finance Minister 1:57 AM
Analysis: China Watches Nervously as Taiwan Election Nears 1:41 AM
Philips to Cut 4,500 Jobs as Q3 Net Falls 1:34 AM
Silicon Valley, Celebs Pay Tribute to Steve Jobs 1:22 AM
Ford, UAW Pact Moves Toward Ratification 1:14 AM
Obama Jobs Roadshow Seeks to Tap Anti-Wall St Anger 1:10 AM
 1 am
Woman Gets $4 Compensation for Korean War Killing 12:59 AM
Rio Tinto Retreats From Aluminum, $8 Billion of Assets on Block 12:50 AM
Wal-Mart Says China CEO, Another Executive Resign 12:38 AM
Samsung Expands Sales Ban Requests Against Apple IPhone 12:30 AM
Japan Cities Face Growing Radioactive Ash, Troubles Ahead 12:26 AM
French Left Sends Hollande Into Presidential Battle 12:20 AM
US Wireless Initiative Stalls New Billing Rules 12:17 AM
 12 am
Insight: Running Chinese Finance, a Different Kind of Banker 11:57 PM
Insight: Running Chinese Finance, a Different Kind of Banker 11:51 PM
Indy 500 Champion Dan Wheldon Dies After Crash 11:26 PM
Qantas Flight Turns Back as Labour Dispute Grows 11:26 PM
More Oil Spills Expected From Stricken N.Z. Ship 11:25 PM
Fury as Air India Jet Stranded in London for 9 Hours 11:25 PM
Colombian Women End ‘Crossed Legs’ Protest 11:25 PM
Nine Killed in Syria Crackdown, Arab League Urges Dialogue 11:25 PM
Argentina, Uruguay Halt Flights Due to Volcanic Ash 11:25 PM
In Colombia, Call Centers Replace Coffee Culture 11:25 PM
Iran Suffers Under Sanctions, Faces Threat of More 11:25 PM
Libya Fighters in New Push on Kadhafi Desert Holdout 11:25 PM
Olympus Shares Dive 22 Percent on Corporate Governance 11:22 PM
Mexico Opposition May Work With Criminals: Calderon 11:00 PM
 11 pm
Wal-Mart Says China CEO and Another Exec Resign 10:58 PM
Peltz Wants Changes at State Street 10:53 PM
Obama on Tour Will Urge End to Jobs Bill Roadblocks 10:25 PM
Egyptians Freed From Sirte Clamour to Go Home 10:25 PM
Drowning in Debt, EU Hits Moment of Truth 10:25 PM
Jackson Doctor Trial Put on Hold for Monday 10:18 PM
Citi May Abandon EMI Sale If Unable to Get Higher Offers: FT 10:08 PM
Last of River-Swimming Alaska Whales Found Dead 10:02 PM
 10 pm
Kinder Morgan to Buy El Paso for $21 Billion 9:39 PM
Politics Pushes US State Capital to Budget Meltdown 9:26 PM
Saudi King Hospitalised for New Back Operation 9:25 PM
Mudslides, Rain Leave 70 Dead in Central America 9:25 PM
Venezuela Inmates Hold 60 Hostage: Rights Group 9:25 PM
Obama Uses King Speech to Attack Obstructionism 9:25 PM
Silicon Valley Elite Honor Steve Jobs 9:25 PM
‘Real Steel’ Nips “Footloose” to Retain Box Office Title 9:25 PM
More Than 18,000 Candidates to Contest DRCongo Polls 9:25 PM
Presidents of Benin, Nigeria Discuss Piracy 9:25 PM
 9 pm
Rio Tinto Beats Major Retreat From Aluminium Business 8:57 PM
Indy 500 Champion Dan Wheldon Dies After Crash 8:39 PM
Choi Holds off Tseng to Win in Malaysia 8:26 PM
Glee for Gleeson at Indian Open 8:26 PM
Leading US Lawmaker Warns of Iran ‘Collision Course’ 8:26 PM
US Pipeline Firm Kinder Morgan Buys El Paso for $38 Bn 8:26 PM
Alleged Plot: Iran Seeks ‘Consular Visit’ 8:25 PM
Hollande Wins French Left’s Presidential Primary 8:25 PM
Protesters Camp in London, Frankfurt After Clashes 8:25 PM
Murdoch Team Faces Stormy Shareholders Meeting 8:25 PM
Four Killed in Serial Blasts at Nigerian Police Barracks 8:25 PM
Libya Fighters in New Push on Kadhafi Desert Redoubt 8:25 PM
Kenyan Troops Enter Somalia as Rebels Warn of Defeat 8:25 PM
Alaska Woman Joins Protests With “Occupy the Tundra” Banner 8:00 PM
 8 pm
British Driver Wheldon Dies After Indy Crash 7:50 PM
Gaddafi Diehards in Sirte Hold Up Libyan Troops 7:28 PM
NY Union Leaders, State Reach New Contract Agreement 7:28 PM
Repatriation Town Receives Royal Honour 7:26 PM
Afghan Parliament Approves $51m Payout Over Kabul Bank 7:26 PM
Key Republican Sees Agreement on Spending Cuts by Deadline 7:26 PM
Climate Change Downsizing Fauna, Flora: Study 7:25 PM
Israel to Free Bombers, Kidnappers in Shalit Deal 7:25 PM
Rival Award Clouds Booker Prize Announcement 7:25 PM
Air France-KLM Chief Facing Sack 7:25 PM
More Nigerian Gloom as Enyimba Fail 7:25 PM
Tunisia Holds Election Dry Run, Calls It a Success 7:25 PM
Liberia Heading for Second Round Presidential Vote 7:25 PM
Strike-Hit Greece Heads to Standstill Ahead of Crucial Vote 7:14 PM
About 175 Arrested Early Sunday in Chicago Protest 7:04 PM
 7 pm
Arab League Stops Short of Suspending Syria 6:56 PM
Israel Moves 430 Palestinians Near Prisoner Swap Venue 6:52 PM
Hollande to Run for Presidency for French Left 6:52 PM
Kinder Morgan to Buy El Paso for $21 Billion 6:48 PM
Rio Tinto Says to Trim Aluminium Business 6:44 PM
London Protesters Bed in for Second Night 6:26 PM
Huge Stakes Riding on Maiden Soyuz Launch From Kourou 6:25 PM
Veteran British Soap Actress Dies 6:25 PM
Vietnamese Woman Cuts off Taiwan Husband’s Penis 6:25 PM
Austrian Flyer Rescued Twice in Two Weeks off Same Cliff 6:25 PM
Samsung Heir to Attend Steve Jobs Memorial Service 6:25 PM
Estonian Animated Film Wins Anim'est Award in Bucharest 6:25 PM
Cain: My 9-9-9 Plan Will Raise Taxes on Some 6:22 PM
Kenya Deploys Troops in Somalia After Kidnappings 6:16 PM
“Real Steel” Edges “Footloose” to Win Box Office 6:04 PM
 6 pm
Police Mull Werritty Probe After Fox Quits 5:26 PM
Police Arrest 175 Protesters in Chicago 5:25 PM
China’s CNOOC Cleaning Up After Another Oil Spill 5:25 PM
ElBaradei Calls for ‘Roadmap’ to New Egypt 5:25 PM
Tailenders Parnell, Theron Give S.Africa Victory 5:25 PM
About 175 Arrested Early Sunday in Chicago Protest 5:20 PM
Saudi King in Hospital for Back Operation 5:16 PM
Kinder Morgan to Buy El Paso for Around $21 Billion 5:13 PM
Iran Demands Access to Accused US Plotter 5:11 PM
S&P 500 Index Poised to Extend Streak 5:06 PM
Climate Change Spawns the Incredible Shrinking Ant 5:03 PM
 5 pm
Ford, UAW Pact Moves Closer to Ratification 4:29 PM
Obama Risks Miring US in an African War: McCain 4:25 PM
EU Says Israel Flouting Settlement ‘Obligations’ 4:25 PM
Saddam Daughter ‘Wants to Publish His Memoirs’ 4:25 PM
Iran President Rejects US Plot Claims 4:25 PM
Lady Gaga Serenades Clinton With ‘Bill Romance’ 4:25 PM
Yemeni Troops ‘Kill Six Anti-Regime Protesters’ 4:25 PM
China Makes ‘Secret Eurozone Commitment’ 4:25 PM
UBS Chairman Must Step Down in May, Ex-Chairman Says 4:25 PM
Arab League Calls for Dialogue in Syria 4:21 PM
Arab League Meets to Discuss Suspending Syria 4:20 PM
Nigeria’s Access Bank Completes Intercon Takeover 4:08 PM
Hollande to Run for Presidency for French Left 4:03 PM

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