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U.S. Top News Early Edition: Fitch sees risk of Greece, U.S. debt defaults

Reuters
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06/21/2011
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Fitch sees risk of Greece, U.S. debt defaults
SINGAPORE (Reuters) - Fitch Ratings said on Tuesday that it would regard a voluntary rollover of Greece's sovereign bond maturities as a default and would cut the credit rating appropriately, keeping pressure on Athens ahead of a confidence vote in parliament. | Full Article
Greece faces vote crucial to avoid default
June 21, 2011 09:03 AM ET
ATHENS (Reuters) - Prime Minister George Papandreou's cabinet faces a confidence vote late on Tuesday, the first of three tests the Greek government must survive to avert the euro zone's first sovereign default. | Full Article
Geithner says government will avoid default crisis
June 21, 2011 08:52 AM ET
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Tuesday policymakers would make a deal on the budget in time to avert a crisis when the government exhausts its legal capacity to borrow this summer. | Full Article
Huntsman enters 2012 race, pledges "hard decisions"
June 21, 2011 09:14 AM ET
WASHINGTON (Reuters) - Republican Jon Huntsman, President Barack Obama's former ambassador to China, will say the country must make "hard decisions" to deal with its debt on Tuesday as he formally enters his party's 2012 presidential nomination race. | Full Article
U.S. unveils graphic tobacco warning labels
June 21, 2011 09:05 AM ET
WASHINGTON (Reuters) - Dead bodies, diseased lungs and a man on a ventilator were among the graphic images for revamped tobacco labels unveiled on Tuesday by U.S. health officials. | Full Article
BUSINESS NEWS
Wall Street opens up on Greece plan optimism
June 21, 2011 09:37 AM ET
NEW YORK (Reuters) - Stocks opened higher on Tuesday as expectations grew that a default of Greek debt could be avoided and sovereign risk in other euro zone countries could be contained. | Full Article
Walgreen deal with PBM to end, shares down
June 21, 2011 08:29 AM ET
NEW YORK (Reuters) - Drugstore chain operator Walgreen Co said it was unable to renew an important contract with a major pharmacy benefits manager and faces continued pressure from government reimbursement policies, sending its shares down nearly 4 percent in premarket trading. | Full Article
RIM starts handing out layoff notices, report says
June 21, 2011 08:56 AM ET
TORONTO (Reuters) - BlackBerry maker Research In Motion has started to hand out layoff notices after it said on Friday it would cut an unspecified number of jobs, a local newspaper said on Tuesday. | Full Article
Ford exec says June auto sales could top May levels
June 21, 2011 09:24 AM ET
DEARBORN, Michigan (Reuters) - June auto sales are on track to at least meet and perhaps exceed May levels, a top Ford Motor Co executive told reporters on Tuesday. | Full Article
Barnes & Noble results hurt by Borders bankruptcy
June 21, 2011 09:36 AM ET
NEW YORK (Reuters) - Barnes & Noble Inc reported a deeper-than-expected quarterly loss on Tuesday as the largest U.S. bookstore chain came under pressure from the going-out-of-business sales of bankrupt rival Borders Group Inc, and its shares fell about 2 percent. | Full Article
HEALTH NEWS
Indiana Planned Parenthood to drop Medicaid patients
Scarlet fever kills second child in Hong Kong, epidemic to peak
Medicare preventive care use still spotty
Doctors reaffirm insurance responsibility stance
No vitamin D screening in pregnancy: committee
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