U.S. Top News Early Edition: July payrolls rise soothes recession fears

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	08/5/2011
Good Morning Omss LATEST NEWS July payrolls rise soothes recession fears WASHINGTON (Reuters) - U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that eased fears the economy was sliding into a fresh recession. | Full Article Wall St set for higher open after payrolls data August 05, 2011 09:17 AM ET NEW YORK (Reuters) - U.S. stocks were poised for a higher open on Friday after a better-than-expected payrolls report and a day after U.S. stocks suffered their worst selloff since the middle of the financial crisis in early 2009. | Full Article EU under pressure to stem market rout, U.S. data helps August 05, 2011 09:23 AM ET BRUSSELS/FRANKFURT (Reuters) - European leaders came under heavy pressure on Friday to take decisive action to stop a spiraling debt crisis while robust U.S. jobs data brought some relief to battered world markets. | Full Article Insight: Jaded traders ask "What, another crisis?" August 05, 2011 08:19 AM ET LONDON (Reuters) - When Charles Berry started his career as a bonds trader in 1993, he used to draw "point and figure" charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week. | Full Article Protest marches across Syria on first Ramadan Friday August 05, 2011 08:59 AM ET AMMAN (Reuters) - Tens of thousands of people marched across Syria on the first Friday of the Muslim fasting month of Ramadan, stepping up defiance of President Bashar al-Assad's bloody crackdown on unrest as his tanks again shelled Hama and massed outside another restive city. | Full Article BUSINESS NEWS P&G results top views; quarter outlook falls short August 05, 2011 09:16 AM ET CHICAGO (Reuters) - Procter & Gamble Co posted a bigger-than-expected rise in quarterly profit on Friday, as cost cuts and price increases helped mitigate the impact of more expensive materials and some sluggish markets such as the United States. | Full Article Japan signals readiness to intervene again; market jittery August 05, 2011 06:27 AM ET TOKYO (Reuters) - Japan's finance minister said he was closely watching yen moves on Friday, signaling a readiness to continue selling the currency after intervention on Thursday that likely totaled a record amount around 4.5 trillion yen ($56 billion). | Full Article Hitachi-Mitsubishi merger talks crumbling: sources August 05, 2011 08:15 AM ET TOKYO (Reuters) - Hitachi Ltd and Mitsubishi Heavy Industries are ready to walk away from merger talks, sources with knowledge of the matter said on Friday, dashing hopes for a groundbreaking marriage of two of Japan's oldest conglomerates. | Full Article Viacom profit beats Street on cable ads, digital August 05, 2011 08:42 AM ET NEW YORK (Reuters) - Viacom Inc., parent of MTV and Comedy Central, on Friday reported a bigger-than-expected increase in quarterly profit on strong growth in cable advertising and licensing of TV shows to online sites like Netflix and Hulu. | Full Article Fannie Mae seeks $5.1 billion more from taxpayers August 05, 2011 08:10 AM ET WASHINGTON (Reuters) - Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. | Full Article HEALTH NEWS Eating healthy food costs more money in U.S. Medicare prescription drug premiums to fall After violence, women's mental health suffers New tick-borne bacterium found in upper Midwest Medtronic hires Yale experts for spine drug review RELATED VIDEO Chinese navy ships visit North Korea Libyan officials say NATO bombs kill family At least 20 injured in Madrid protest clashes 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 Swede tried to build nuclear reactor in his kitchen Full Article Greyfriars Bobby was a scam to lure tourists New saggy jeans designed to improve mobility Stop wearing bunny suit, police tell Idaho man Bears saved from forced vodka drinking Bra chain record comes apart at the seams - 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