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U.S. Top News Early Edition: Private sector job growth slumps in May

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06/1/2011
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LATEST NEWS
Private sector job growth slumps in May
NEW YORK (Reuters) - Private-sector payroll growth slowed sharply in May, coming in far below expectations and falling to the lowest level in eight months, a report by a payrolls processor showed on Wednesday. | Full Article
Greece nears IMF/EU deal and dismisses drachma talk
June 01, 2011 09:14 AM ET
ATHENS (Reuters) - Greece should complete talks by the end of the week with inspectors from the EU and IMF on a medium-term budget plan plus a vital next slice of international aid, sources close to the negotiations said on Wednesday. | Full Article
Debt-limit hike fails in House in symbolic vote
May 31, 2011 07:28 PM ET
WASHINGTON (Reuters) - The House of Representatives on Tuesday defeated a bill to raise the debt limit in a vote staged by Republicans to strengthen their push for deep spending cuts in negotiations with the White House. | Full Article
SAC faces insider trading probe on MedImmune: report
June 01, 2011 07:56 AM ET
(Reuters) - SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc, the Wall Street Journal reported, citing people familiar with the matter. | Full Article
U.N. urges Japan nuclear safety overhaul after Fukushima
June 01, 2011 08:39 AM ET
TOKYO (Reuters) - U.N. atomic safety experts said Japan underestimated the threat from a killer wave to its crippled Fukushima power plant and urged sweeping changes to prevent a repeat of the crisis that triggered the word's worst nuclear disaster since Chernobyl. | Full Article
BUSINESS NEWS
Stocks set to fall at open after ADP report
June 01, 2011 09:16 AM ET
NEW YORK (Reuters) - Stocks were poised for a lower open on Wednesday as weak data on the labor market became the latest in string of soft economic reports. | Full Article
Sealed Air eyes cleaning market with $2.9 billion Diversey buy
June 01, 2011 09:37 AM ET
BANGALORE (Reuters) - Bubble Wrap maker Sealed Air Corp said it will buy privately held cleaning products maker Diversey Holdings for $2.9 billion in cash and stock, to enter the $40 billion-plus chemical cleaning and hygiene industry. | Full Article
Macy's May sales beat estimates
June 01, 2011 08:51 AM ET
CHICAGO (Reuters) - Department store operator Macy's Inc posted a 7.4 percent increase in May at stores open at least a year, beating analysts expectations and sending its shares up more than 2 percent. | Full Article
Bombardier says business jet demand picking up
June 01, 2011 09:17 AM ET
BANGALORE (Reuters) - Bombardier Inc reported a 13 percent rise in first-quarter profit as demand for business jets begins to pick up, and said it had received more orders for its new C-Series commercial jetliners, slated to hit the market in 2013. | Full Article
Dollar General misses estimates
June 01, 2011 09:08 AM ET
NEW YORK (Reuters) - Dollar General Corp missed Wall Street profit expectations after taking markdowns to clear slow-selling apparel out of its stores, sending shares down about 5 percent. | Full Article
HEALTH NEWS
Special Report: An end to AIDS?
Another 365 new E. coli cases found in Germany
WHO says cell phone use "possibly carcinogenic"
Spain mulls action against Hamburg for E.coli blame
Beta-blockers tied to breast cancer survival
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