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U.S. Top News Early Edition: Jobless claims fall as labor costs tepid

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06/2/2011
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LATEST NEWS
Jobless claims fall as labor costs tepid
WASHINGTON (Reuters) - New claims for unemployment benefits fell last week, but not enough to assuage fears the labor market recovery has taken a step back. | Full Article
Japan PM survives with offer to quit once crisis overcome
June 02, 2011 08:15 AM ET
TOKYO (Reuters) - Japanese Prime Minister Naoto Kan on Thursday survived a no-confidence vote by offering to resign once he has overcome the worst of the country's nuclear crisis, in a last-minute deal with ruling party rebels who had threatened to oust him from office. | Full Article
Google reveals Gmail hacking, says likely from China
June 02, 2011 08:08 AM ET
BEIJING/SAN FRANCISCO (Reuters) - Suspected Chinese hackers tried to steal the passwords of hundreds of Google email account holders, including those of senior U.S. government officials, Chinese activists and journalists, the Internet company said. | Full Article
Greece to present new austerity plan
June 02, 2011 08:56 AM ET
ATHENS/MADRID (Reuters) - Greece intends to present a fresh austerity plan on Friday, a government official said, after Moody's cut its credit rating deep into junk territory and said there was an even chance of eventual default. | Full Article
At least four dead in Massachusetts storms
June 02, 2011 09:24 AM ET
CONWAY, Massachusetts (Reuters) - At least four people were killed when tornadoes and severe storms tore through heavily populated western and central Massachusetts on Wednesday, causing widespread damage in 19 communities. | Full Article
BUSINESS NEWS
Stocks set to rebound slightly at open
June 02, 2011 09:25 AM ET
NEW YORK (Reuters) - U.S. stocks were set for a slightly higher open on Thursday, a day after suffering its biggest losses in nearly a year, as data showed a fall in weekly jobless claims, although short of expectations. | Full Article
Picky shoppers lead to mixed May for retailers
June 02, 2011 09:36 AM ET
NEW YORK (Reuters) - A handful of retailers beat analysts' sales expectations for May, winning with strong selections of goods or drawing in shoppers looking for deals as high gasoline prices and a sluggish economy tempered demand. | Full Article
Gazprom set for more after huge India deals: source
June 02, 2011 09:12 AM ET
MOSCOW/NEW DELHI (Reuters) - Russian gas exporter Gazprom, having just signed a trio of deals in India that could be worth over $90 billion, now has it sights on the markets of Europe and North America, a source close to the company said on Thursday. | Full Article
OPEC mulls oil supply target hike to calm prices
June 02, 2011 09:24 AM ET
SINGAPORE (Reuters) - OPEC is considering raising oil supply targets for the first time since 2007 in a move that could weaken $100 oil prices and lessen the drag of high energy costs on global economic growth. | Full Article
Buyout firm Gores in talks with Borders: report
June 02, 2011 05:39 AM ET
NEW YORK (Reuters) - Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group Inc's remaining stores, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. | Full Article
HEALTH NEWS
Europe E.coli outbreak caused by toxic new strain
Special Report: An end to AIDS?
Cellphone study raises profile on safety lawsuits
WHO says cell phone use "possibly carcinogenic"
Should babies be screened for untreatable diseases?
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