U.S. Top News Early Edition: Debt battle set to draw to close, for now

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	08/2/2011
Good Morning Omss LATEST NEWS Debt battle set to draw to close, for now WASHINGTON (Reuters) - The United States is poised to step back from the brink of economic disaster on Tuesday when a bitterly fought deal to cut the budget deficit is expected to clear its final hurdles. | Full Article Italy under fire in widening euro debt crisis August 02, 2011 09:36 AM ET ROME (Reuters) - Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the euro area danger zone and prompting Italian authorities to call emergency talks. | Full Article Consumer spending falters, but inflation eases August 02, 2011 09:19 AM ET WASHINGTON (Reuters) - Consumer spending dropped in June for the first time in nearly two years as incomes barely rose, suggesting economic growth could remain subdued in the third quarter. | Full Article Toyota cautious after quake drags first-quarter to loss August 02, 2011 09:26 AM ET TOKYO (Reuters) - Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals. | Full Article Evacuate West Bank settlers without delay: Israeli court August 02, 2011 09:34 AM ET (Reuters) - Israel's supreme court ordered the evacuation of a hilltop outpost where some 250 Jewish settlers live without further delay Tuesday, upholding a petition made by Palestinians and an anti-settler group over five years ago. | Full Article BUSINESS NEWS Wall Street opens lower on economic worry August 02, 2011 09:34 AM ET NEW YORK (Reuters) - Wall Street stocks opened lower on Tuesday as investors fretted about a possible U.S. government credit downgrade and concerns grew about the economy's growth prospects. | Full Article Pfizer profit rises, buoyed by animal products August 02, 2011 08:36 AM ET NEW YORK (Reuters) - Pfizer Inc reported higher quarterly earnings, as higher sales of animal health and nutritional products that the company aims to divest helped offset falling sales of its core pharmaceuticals business. | Full Article Li Ka-shing to buy Northumbrian Water for $3.9 billion August 02, 2011 07:35 AM ET HONG KONG/LONDON (Reuters) - Hong Kong tycoon Li Ka-shing agreed to buy British utility Northumbrian Water Group for 2.41 billion pounds ($3.92 billion) in the biggest takeover this year of a British-listed company. | Full Article Japan primes markets for FX intervention August 02, 2011 08:38 AM ET TOKYO (Reuters) - Japan primed financial markets on Tuesday for currency intervention after the yen tested record highs, signaling it may try to tame the unit with a combination of yen-selling and monetary easing. | Full Article Barclays to cut 3,000 jobs as profit drops August 02, 2011 08:19 AM ET LONDON (Reuters) - Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge cut first half profits by a third. | Full Article HEALTH NEWS U.S. says insurers must fully cover birth control Acute-care hospitals to see higher Medicare payments Experts design soft, strong robot for healthcare facilities TV product placements termed junk food ad loophole Judge blocks Kansas law aimed at Planned Parenthood RELATED VIDEO Hungry Somali refugees fast for Ramadan Japan killer lodges appeal NZ murder trial opens in China 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 Drunk father lets 8-year-old son drive pickup? Full Article Lingerie shops drag feet on deadline to hire women - 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