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U.S. Top News Early Edition: Sputtering economy could complicate debt talks

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06/14/2011
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Sputtering economy could complicate debt talks
WASHINGTON (Reuters) - Sputtering job growth and talk of new tax cuts are throwing more hurdles in the way of a deal to reduce the deficit as Democratic and Republican negotiators step up their budget negotiations this week. | Full Article
May retail sales post first drop in 11 months
June 14, 2011 09:29 AM ET
WASHINGTON (Reuters) - Retail sales fell in May for the first time in 11 months as receipts at auto dealerships dropped sharply, but the decline was less than expected, offering hope of a pick-up in economic activity. | Full Article
Obama: If debt limit not raised, new financial crisis
June 14, 2011 08:53 AM ET
WASHINGTON (Reuters) - President Barack Obama warned on Tuesday there could be another global financial crisis if Congress failed to raise the national debt ceiling. | Full Article
Republicans blast Obama, not each other
June 14, 2011 02:51 AM ET
MANCHESTER, New Hampshire (Reuters) - Republican White House contenders focused their attacks on President Barack Obama and refrained from attacking each other on Monday in their first major debate of the 2012 nominating race. | Full Article
Nokia wins rare victory as Apple settles legal row
June 14, 2011 07:55 AM ET
HELSINKI (Reuters) - Nokia notched up a rare victory against arch-rival Apple as the iPhone maker agreed to settle a long-running row over patents. | Full Article
BUSINESS NEWS
S&P, Nasdaq open up 1 percent on data
June 14, 2011 09:38 AM ET
NEW YORK (Reuters) - Stocks opened higher on Tuesday, with the S&P 500 and the Nasdaq gaining 1 percent after Chinese economic data drew investors into an equities market that has been through six weeks of sharp declines. | Full Article
Best Buy tops estimates on strong mobile sales
June 14, 2011 09:00 AM ET
NEW YORK (Reuters) - Best Buy Co Inc beat quarterly profit and sales estimates as strong demand for mobile phones, calling plans and tablets offset weakness in its TV business, and its shares rose 6 percent. | Full Article
CEOs less confident about economy: Roundtable
June 14, 2011 09:32 AM ET
NEW YORK (Reuters) - The chief executive officers of large U.S. companies expect higher sales and higher capital spending in the next six months, but their optimism about economic conditions and expectations for growth are more muted than three months ago, according to a quarterly survey. | Full Article
May PPI: biggest yearly jump since late 2008
June 14, 2011 08:41 AM ET
WASHINGTON (Reuters) - Producer prices rose more than expected in May but the pace of increases eased from prior months as the climb in energy costs slowed, according a report on Tuesday. | Full Article
Euro zone to mull private sector role in Greek bailout
June 14, 2011 06:59 AM ET
BRUSSELS (Reuters) - Euro zone finance ministers will discuss on Tuesday how private Greek bondholders should be involved in a second financing package for debt-laden Greece ahead of a self-imposed June 20 deadline for a deal. | Full Article
HEALTH NEWS
Radiation "hotspots" hinder Japan response to nuclear
Donors pledge $4.3 billion for vaccines for poor
Report finds funding threat to mental illness drugs
Breastfeeding linked to lower risk of SIDS
U.S. lifts sanctions against Aetna Medicare
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