Europe enters recession as eurozone contracts
The eurozone, 17 countries from Amsterdam to Athens, slips into recession for the first time in three years with a 0.1 percent quarterly contraction and a 0.2 percent annual drop in July to September. Economists warn the downturn may deepen into 2013 amid austerity and high unemployment.
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Germany
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Eurostat
Capital Economics
Michael Taylor
U.S
Hostess liquidation decision may come today
Hostess Brands Inc faces a Thursday deadline for striking workers to return to work as it weighs a possible liquidation and asset sale. The Irving Texas based company warned of layoffs impacting about 18000 jobs if operations do not normalize by 5 pm Thursday.
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Hostess Brands Inc
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Hostess
Lance Ignon
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Gregory Rayburn
Rayburn
Bakery-Workers Union
Discount giants flag two consumer stories for holidays
Wal Mart warns of weak fourth quarter as low income shoppers struggle while Target braces for stronger results. The split highlights divergent spending patterns: lower income households tighten, while affluent shoppers seek discounted designer goods and home decor, shaping holiday demand.
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New York
U.S
Wal-Mart Stores Inc
Wall Street
Target Corp
Wal-Mart
Target
Charles Holley
Wal- Mart
Holley
Gregg Steinhafel
FDA probes energy drinks after 13 deaths linked, 92 reports
The FDA investigates 92 reports over four years of illnesses hospitalizations and deaths tied to energy shots and drinks including 5-Hour Energy and Monster. Officials say findings do not prove causation but will act if links are found and urge consulting a health provider before use.
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The
Food and Drug Administration
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Shelly Burgess
Burgess
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