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While U Slept: Big 5 Stories Breaking Overnight. Monday, January 3, 2011

January 3, 2011

A production of Worldcrunch

AUSTRALIAN FLOODS AFFECT HUGE SWATH, 200,000 City of Rockhampton is submerged, and more than 20 towns in Queensland have been cut off or flooded across an area larger than France and Germany. (BBC)

KENYAN LEADER TRIES TO BREAK IVORY COAST IMPASSE Kenyan Prime Minister Raila Odinga arrives in Ivory Coast on behalf of African Union to try to work out a deal following Laurent Gbagbo’s refusal to step down as president after an election which international observers say he lost. (CNN)

LETTER REPUTED FROM MEXICAN DRUG CARTEL SEEKS TRUCE Message reportedly from La Familia drug cartel announcing a month-long truce is distributed by e-mail and door to door in some cities. (AP)

FOREIGN REAL ESTATE INVESTORS RANK U.S. AT TOP FOR 2011 A survey of foreign investors overwhelmingly ranks the U.S. commercial real estate market as their No. 1 choice for investment this year. (Reuters)

FACEBOOK GETS $500 MILLION AND $50 BILLION VALUATION Social networking site raises $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, more than companies like eBay, Yahoo and Time Warner. (NYT)

 

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