Daily Headlines: February 8, 2012

* Brazil: Carnival celebrations in Rio de Janeiro could be threatened by police officers that may reportedly join their comrades in Bahia state and go on an illegal strike.

* Mexico: A judge dropped some of the charges against two people accused of trying to smuggle members of former Libyan dictator Moammar Gadhafi's family into Mexico.

* U.S.: A preliminary deal over state and federal redistricting in Texas might not reflect the state’s growing Latino population according to some local legislators.

* Latin America: Drought conditions in several Latin American countries could lead to a global spike in the prices of corn.

Video Source – YouTube via euronews

Online Sources- NASDAQ, CBS News, Bloomberg, CBC News