IBT Staff Reporter

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Rosetta Resources falls on disappointing well results

Oil and natural gas producer Rosetta Resources forecast an increase in production for next year, but disappointing results from its exploratory well program in the Southern Alberta Basin sent its shares down as much as 11 percent.

AT&T Sues FCC Over Plan to Expand Broadband Service

AT&T seeks a review of the FCC decision on the grounds that it exceeds the Commission's authority; is contrary to the Communications Act of 1934, as amended by the Telecommunications Act of 1996; and is arbitrary, capricious, an abuse of discretion, and otherwise contrary to law.

Cowboys squander lead, lost to Giants

The Dallas Cowboys squandered a 12-point lead in the final six minutes to suffer a gut-wrenching 37-34 defeat to the New York Giants on Sunday that left the teams tied atop the NFC East.

Rick Perry: 'I Don't Have Memorized All of the Supreme Court Judges'

Rick Perry says he hasn't memorized the names of the nine Supreme Court justices, and if voters want a robot who can spit out that kind of information, they should look elsewhere. He struggled to remember the name of Justice Sonia Sotomayor, eventually coming up with Montemayor.

OPEC Seeks to Heal Rift, Fix Oil Target

OPEC began negotiations on Monday on a new production deal aimed at healing the rift caused by a bad-tempered failure to agree an output target when it last met in June.

Cameron faces UK coalition tensions after EU split

Prime Minister David Cameron can expect a hero's welcome from his Conservative party but faces a backlash from Liberal Democrat allies on Monday when he explains a European Union veto that has cast Britain adrift from its continental partners.

Activision game crosses $1 billion in sales

Activision Blizzard, the biggest U.S. video game publisher by market capitalization, said its game Call of Duty: Modern Warfare 3 crossed $1 billion in sales since its launch on November 8.

TSX to open lower as euro zone doubts linger

Canada's resource-heavy main stock index was set to open lower on Monday, dragged down by falling commodity prices as the initial enthusiasm over a European Union deal to tackle its debt crisis faded.

Majority of Americans would blow whistle: poll

NEW YORK - Four months after U.S. financial regulators opened a whistleblower office, more than three-quarters of polled Americans said they would blow the whistle under the protections and incentives now offered by the government.

Italy yields stay close to record high at 1-year auction

Italian one-year borrowing costs stayed close to a record high at an auction on Monday, in an early sign that last week's EU summit failed to reassure investors European leaders can take the urgent steps required to stem the euro zone debt crisis.

Romney Under Fire for $10,000 Bet at Iowa Debate

As the Iowa caucuses draw closer, Mitt Romney's opponents are hammering him for making a $10,000 bet with Rick Perry at a Republican debate on Saturday: a move critics say highlighted Romney's disconnect with voters who are struggling to make ends meet.

Wall St set to open lower on euro zone deal doubts

Wall Street stocks were set to fall at the open on Monday on lingering concerns a deal over economic integration in Europe will not be enough to keep the region's two-year sovereign debt crisis from spreading further.

Pincus makes power play with Zynga IPO

For years, a group of about 20 guys would gather in San Francisco's Golden Gate Park or the neighboring Presidio Park for weekend games of soccer. Among them was a man whose 5-foot 6-inch stature belied his ruthless competitiveness and who was usually accompanied by his American bulldog, Zinga.

Futures slip on euro zone deal doubts

Stock index futures fell on Monday on lingering concerns a deal over economic integration in Europe will not be enough to keep the region's two-year sovereign debt crisis from spreading further.

Cameron's camp world's stupidest: French regulator

Prime Minister David Cameron proved the British political right is the world's stupidest by refusing last week's European summit deal on fiscal reform under pressure from narrow financial lobby interests, the head of France's financial sector regulator said Monday.

Futures fall on euro zone deal doubts

Stock index futures fell on Monday on lingering concerns a deal over economic integration in Europe will not be enough to keep the region's two-year sovereign debt crisis from spreading further.

Cameron must ease UK coalition tensions

Prime Minister David Cameron can expect a hero's welcome from his Conservative party but faces a backlash from his Liberal Democrat allies on Monday when he explains a European Union veto that has cast Britain adrift from its continental partners.

EU summit may not calm investors for long

Last week's EU summit went a long way towards forging the closer economic ties needed to prevent future debt crises but markets are likely to judge it as too little and too late to solve the current one.

Stock futures signal lower Wall St open

U.S. stock index futures pointed to a weaker open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.8 to 1 percent.

India's industrial output slumps, pressures central

India's industrial output fell in October for the first time in more than two years as capital goods investment slumped, ramping up pressure on the central bank to ease monetary or liquidity conditions, possibly as soon as Friday.

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