Business Today: Bernanke's "cliff" comments break two-day rally

	Click to View in Browser 11/20/2012 Bernanke's "cliff" comments break two-day rally NEW YORK (Reuters) - Wall Street halted its two-day rally on Tuesday, after Federal Reserve Chairman Ben Bernanke said the central bank lacks tools to cushion the economy from the impact of the "fiscal cliff." Ex-SAC manager charged in $276 million insider scheme NEW YORK (Reuters) - U.S. prosecutors on Tuesday charged a former SAC Capital employee with insider trading in a series of transactions that hedge fund titan Steven A. Cohen had personally signed off on. HP alleges Autonomy wrongdoing, takes $8.8 billion charge (Reuters) - Hewlett-Packard stunned Wall Street by alleging a massive accounting scandal at its British software unit Autonomy that will cost the company the majority of $8.8 billion in charges. UBS trader jailed for seven years in $2.3 billion fraud LONDON (Reuters) - UBS trader Kweku Adoboli was jailed for seven years on Tuesday for the biggest fraud in British history, which cost the Swiss bank $2.3 billion. U.S. Airways flight attendants vote to authorize strike (Reuters) - Flight attendants at US Airways Group Inc voted by a 94 percent margin to authorize a strike, ramping up pressure on the carrier to reach a contract agreement, their union said on Tuesday. New York sues Credit Suisse over mortgage securities NEW YORK (Reuters) - New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities. Housing starts hit four-year high in October WASHINGTON (Reuters) - Housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. France to answer ratings downgrade with reforms PARIS (Reuters) - France said on Tuesday it would respond to a Moody's credit downgrade by pushing on with reforms, complaining that the ratings agency had overlooked steps already taken to revamp the euro zone's second-largest economy. Green Mountain appoints Coke executive as CEO (Reuters) - Green Mountain Coffee Roasters Inc appointed Coca-Cola Co executive Brian Kelley to its top post, betting on a products specialist to replace Lawrence Blanford who has led the company since 2007. UK PM ex-aide to be charged over cash for royal tip-offs LONDON (Reuters) - Prime Minister David Cameron's former media chief Andy Coulson and Rebekah Brooks, the former boss of Rupert Murdoch's British newspaper business, were charged on Tuesday with conspiring to make illegal payments to officials for information for stories. Related Video Daily Digit: HP takes $8.8 bln charge FACTBOX: Tablets rule shopping lists - Reuters/Ipsos Economic News Housing starts hit four-year high in October Bernanke sees good 2013 if "fiscal cliff" avoided A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend