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U.S. Top News Early Edition: G20 closes ranks but skims over toughest tasks

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Good Morning Omss, FRI 12 Nov 2010 
 
G20 closes ranks but skims over toughest tasks
Respite for Ireland, euro after sharp selloff
Obama opposes permanent extension of tax cuts for rich
Report cautions Obama on high cost of Afghan war
Special Report: The two lives of Angela Merkel
Bedraggled cruise passengers return to port
South Korea upbeat on resolving U.S. trade deal soon
Private banks keep hiring as rich get richer
October foreclosures fall as processing stalls
Rumors swirl in Myanmar over Suu Kyi release


G20 closes ranks but skims over toughest tasks
November 12, 2010 07:59 AM ET
SEOUL (Reuters) - G20 leaders closed ranks on Friday and agreed to a watered-down commitment to watch out for dangerous imbalances, yet offered investors little proof that the world was any safer from economic catastrophe.

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Respite for Ireland, euro after sharp selloff
November 12, 2010 08:50 AM ET
DUBLIN (Reuters) - Market pressure on Ireland and other euro zone states eased and the single currency made up ground on Friday after Europe reassured bondholders they would not be forced to take a hit in the event of a new bailout in the bloc.

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Obama opposes permanent extension of tax cuts for rich
November 12, 2010 07:33 AM ET
SEOUL (Reuters) - President Barack Obama said on Friday he does not want to permanently extend tax cuts for the wealthiest Americans, sending another signal he is willing to forge some sort of compromise with newly emboldened Republicans to win an extension for the middle class.

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Report cautions Obama on high cost of Afghan war
November 12, 2010 07:36 AM ET
WASHINGTON (Reuters) - An independent task force cautioned President Barack Obama on Friday about the high cost of the Afghanistan war and said he should consider a narrow military mission if his December review finds the current strategy is not working.

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Special Report: The two lives of Angela Merkel
November 12, 2010 06:59 AM ET
BERLIN (Reuters) - German conservative party headquarters is rocking. To the heavy thud of AC/DC, hundreds of young party members throng the foyer of Konrad Adenauer House in Berlin waving posters and talking over the music.

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Bedraggled cruise passengers return to port
November 11, 2010 09:07 PM ET
SAN DIEGO (Reuters) - The cruise ship stranded off Mexico this week by an engine fire limped back into port under tow on Thursday with 3,300 passengers bedraggled by three days at sea without hot water, air conditioning or cooked meals.

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South Korea upbeat on resolving U.S. trade deal soon
November 12, 2010 07:10 AM ET
SEOUL (Reuters) - South Korean officials struck an upbeat note on Friday that discussions to iron out U.S. concerns about a free trade deal they signed three years ago would conclude soon despite missing a deadline set by their leaders.

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Private banks keep hiring as rich get richer
November 12, 2010 06:08 AM ET
LONDON (Reuters) - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing concerns that aggressive hiring is out of sync with a tentative recovery in revenues.

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October foreclosures fall as processing stalls
November 11, 2010 12:07 PM ET
WASHINGTON (Reuters) - The number of U.S. homes taken over by banks fell 9 percent in October as foreclosure processing was stalled by questionable paperwork, real estate data company RealtyTrac said on Thursday.

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Rumors swirl in Myanmar over Suu Kyi release
November 12, 2010 09:00 AM ET
YANGON (Reuters) - Rumor and speculation about the imminent release of Nobel laureate Aung San Suu Kyi swept across Myanmar on Friday but there was no word from the country's secretive military rulers about whether she would be freed.

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