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U.S. Top News Early Edition: Lawmakers to vote on last-minute debt deal

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08/1/2011
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Lawmakers to vote on last-minute debt deal
WASHINGTON (Reuters) - Congressional leaders scrambled to line up Republican and Democratic votes on Monday for a White House House-backed deal to raise the U.S. borrowing limit and avert an unprecedented debt default. | Full Article
HSBC sheds 30,000 jobs, posts surprise profit rise
August 01, 2011 09:35 AM ET
LONDON (Reuters) - HSBC will shed 30,000 jobs as it retreats from countries where it is struggling to compete, Europe's biggest bank said on Monday after it reported a surprise rise in first-half profit. | Full Article
Special report: China's shortcut to Wall Street
August 01, 2011 09:34 AM ET
(SHELL GAMES: A Reuters Investigation: Articles in this series are exploring the impact of corporate secrecy in the United States.) | Full Article
Debt deal offers only small blessings for economy
August 01, 2011 09:15 AM ET
WASHINGTON (Reuters) - The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. | Full Article
Tanks shell Syria's Hama for second day, 4 killed
August 01, 2011 08:45 AM ET
AMMAN (Reuters)- Syrian tanks shelled the city of Hama, scene of a 1982 massacre, for the second day on Monday, killing at least four civilians, residents said, in an assault to try to crush protests against President Bashar al-Assad. | Full Article
BUSINESS NEWS
Wall Street jumps at open on debt deal
August 01, 2011 09:37 AM ET
NEW YORK (Reuters) - Stocks rose more than 1 percent at the open on Monday on relief over a last-ditch deal in Washington to raise the U.S. borrowing limit and avert an unprecedented default. | Full Article
Honda raises profit, sales forecast on speedy recovery
August 01, 2011 05:46 AM ET
TOKYO (Reuters) - Honda Motor Co reported an unexpected quarterly profit and raised its annual outlook by more than a third, as Japan's No.3 automaker rebounded quickly from a severe parts shortage caused by the March 11 earthquake. | Full Article
China central bank says inflation fight a policy priority
August 01, 2011 03:21 AM ET
BEIJING (Reuters) - China pledged to keep to a "prudent" monetary policy for the rest of the year to combat inflation, which is stubbornly fixed near a three-year high. | Full Article
Europe, Asian factory growth stalls in July
August 01, 2011 07:56 AM ET
LONDON (Reuters) - Factories in Asia and Europe expanded in July at the weakest rate since major industrial powers were struggling through the 2009 recession, adding to concerns over world growth. | Full Article
Chinese retailers hijack the Ikea experience
August 01, 2011 07:37 AM ET
KUNMING, China (Reuters) - Nestled in a sleepy southern district of Kunming city in southwest China, is a 10,000 square meter, four-story building that could make Swedish furniture giant Ikea uneasy. | Full Article
HEALTH NEWS
New drug regulator asks Congress for more power
Gene discovered that raises asthma risk in blacks
Mitch Winehouse takes rehab case to UK parliament
Robot seals help heal Japan's tsunami victims
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