U.S. Top News Early Edition: Congress deadlocked over debt as default looms

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	07/26/2011
Good Morning Omss LATEST NEWS Congress deadlocked over debt as default looms WASHINGTON (Reuters) - The United States edged closer on Tuesday to a devastating default as President Barack Obama's Democrats and their Republican rivals were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act. | Full Article Ford profit tops expectations, shares up July 26, 2011 09:10 AM ET DEARBORN, Michigan (Reuters) - Ford Motor Co's quarterly profit beat Wall Street expectations, helped by higher prices and improved sales in North America. | Full Article Soros to return outsiders' hedge fund money July 26, 2011 09:33 AM ET BOSTON (Reuters) - Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. | Full Article IMF chief urges U.S. to immediately resolve debt spat July 26, 2011 09:17 AM ET NEW YORK (Reuters) - IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy. | Full Article Moroccan military plane crash kills 78: military July 26, 2011 09:17 AM ET RABAT (Reuters) - At least 78 people were killed on Tuesday when a Moroccan military transport plane crashed into a mountain in the south of the country during bad weather, the military said in a statement carried by the state news agency. | Full Article BUSINESS NEWS Wall Street set for flat open, debt stalemate weighs July 26, 2011 09:29 AM ET NEW YORK (Reuters) - Wall Street was set to open little changed on Tuesday as earnings from blue chips like Ford extended optimism about a strong earnings season, but the debt ceiling stalemate kept investors nervous. | Full Article Chrysler Q2 net loss widens after repaying debt July 26, 2011 08:41 AM ET DETROIT (Reuters) - Chrysler Group LLC, controlled by Fiat SpA , reported a second-quarter net loss on Tuesday after the U.S. automaker repaid $7.6 billion in loans to the U.S. and Canadian governments. | Full Article Home prices unchanged in May: S&P/Case-Shiller July 26, 2011 09:26 AM ET NEW YORK (Reuters) - Single-family home prices were unchanged in May, the first time in nearly a year they have not fallen on a monthly basis, though prices were still down compared to a year earlier, a closely watched survey said on Tuesday. | Full Article UPS profit up, keeps outlook despite economy July 26, 2011 08:44 AM ET NEW YORK (Reuters) - United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound. | Full Article Fiat raises 2011 targets after beating Q2 forecast July 26, 2011 09:32 AM ET MILAN (Reuters) - Italy's Fiat SpA raised its 2011 guidance on Tuesday after beating analysts' forecast for second-quarter trading profit in the first results incorporating U.S. automaker Chrysler. | Full Article HEALTH NEWS FDA investigates papaya in new salmonella outbreak Children abandoned on east Africa's "roads of death" What's the best exercise for heart health? Breast cancer more lethal in blacks, reason unknown Crossing streets, kids with ADHD may misjudge risk RELATED VIDEO Scared Indian villagers pray to be spared more flooding UN, EU increase aid to drought-hit Somalia IAEA chief praises Fukushima workers A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Two suspended for "unspeakable behavior" Full Article Mystery prisoner has authorities stumped Sheriff blasts "Dog" bounty hunter's tactics - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend