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Others may follow Deutsche U.S. tax fraud deal

Deutsche Bank's settlement of a U.S. tax fraud case has raised expectations of similar deals being struck by other banks, although there was relief that the $553.6 million cost to the German bank would not hit its earnings.
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States' budget freeze bid risks more EU wrangling

Five countries said on Saturday the EU's budget should be frozen until 2020, highlighting a new source of policy divisions that could spark a funding battle between the region's western states and their poorer peers in the east.
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France's Lagarde: EU rescues violated rules: report

Euro zone policymakers deliberately chose to violate the bloc's rules in rescuing Greece and Ireland, closing ranks to protect the single currency area's future, French Economy Minister Christine Lagarde was quoted as saying.
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Top Pre-Market NASDAQ Gainers (ITMN, YRCW, TTWO, ORCL, CSUN)

The top pre-market NASDAQ stock market gainers are: InterMune, YRC Worldwide, Take-Two Interactive Software, Oracle, China Sunergy, Veeco Instruments, Research In Motion, China MediaExpress Holdings, Powerwave Technologies, and MIPS Technologies.
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HP says U.S. probing certain transactions in Europe

U.S. authorities have been conducting a probe to find whether current and former employees of Hewlett-Packard Co paid kickbacks in certain transactions spanning several European countries, HP said in a filing.
German Chancellor Merkel and Luxembourg's PM Juncker read a paper during an EU leaders summit in Brussels on Dec.17, 2010.

EU accord on bailout plan fails to address peripheral woes

European Union leaders said last night differences over amending the EU treaties to make way for a permanent crisis mechanism have been papered over, but the market response to the development was muted as doubts still remained over key features of the deal.
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Top After-Market NYSE Movers

The top after-market NYSE gainers on Thursday are Office Depot, Accenture, Salesforce.com and American Express. The top after market NYSE most active stocks are Citigroup, Boston Scientific, Sprint Nextel Corporation and Bank of America.
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Irish debt downgraded after EU sets rescue fund

Ratings agency Moody's gave a resounding thumbs-down on Friday to Europe's efforts to resolve a rolling debt crisis, slashing Ireland's credit rating by five notches despite an EU/IMF bailout.
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EU sets up post-2013 crisis fund; ECB ups capital

European Union leaders have agreed to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.
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EU leaders set crisis fund; ECB boosts capital

European Union leaders agreed on Thursday to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.
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ECB boosts capital; EU leaders set crisis fund

The European Central Bank moved to increase its financial firepower to fight the euro zone debt crisis on Thursday, and European Union leaders agreed to change the EU treaty to create a permanent crisis resolution system.
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Nokia Files Fresh Patent Violation Suit Against Apple

Nokia has filed fresh patent infringement claims against Apple in the UK, Germany and the Netherlands, alleging that Apple infringed its patents in many of its products sold in these countries, including iPhone, iPad and iPod Touch.

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