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U.S. Top News Early Edition: Libya rebels close in on Gaddafi compound

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08/23/2011
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Libya rebels close in on Gaddafi compound
TRIPOLI (Reuters) - Libyan rebels battled on Tuesday around Muammar Gaddafi's headquarters, where a son of the veteran leader had emerged overnight to confound reports of his capture and to rally cheering loyalists for a rearguard fightback. | Full Article
S&P replaces president with Citibank exec after U.S. downgrade
August 23, 2011 07:59 AM ET
SYDNEY/BANGALORE (Reuters) - The chief of Standard & Poor's will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington. | Full Article
Euro, global stocks gain on modest euro zone, China data
August 23, 2011 07:50 AM ET
LONDON (Reuters) - World stocks, the euro and commodities rose on Tuesday, after gauges of Chinese and euro zone economic activity came in less gloomy than feared, encouraging investors to dip back into the market after a recent sharp selloff on global growth concerns. | Full Article
Special report: In Libya, the cellphone as weapon
August 23, 2011 08:43 AM ET
MISRATA, Libya (Reuters) - When Muammar Gaddafi's government shut off the cellphone network in Misrata in the early days of Libya's uprising, it wanted to stop rebel forces communicating with each other. But the power of a modern phone goes beyond its network. | Full Article
India's leaders try harder to douse graft protests
August 23, 2011 09:27 AM ET
NEW DELHI (Reuters) - India's government Tuesday stepped up efforts to end national anti-corruption protests led by an ailing 74-year-old social activist as he entered a second week of fasting. | Full Article
BUSINESS NEWS
Stock futures point to gains, but will rally hold?
August 23, 2011 09:10 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a rise of more than 1 percent at the open on Tuesday, but investors remained concerned the rally would not be sustained. | Full Article
UBS axes 3,500 jobs in cost-cutting push
August 23, 2011 07:49 AM ET
ZURICH (Reuters) - Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years. | Full Article
Germany's top court to rule on euro bailouts September 7
August 23, 2011 09:35 AM ET
BERLIN (Reuters) - Germany's top court will give its verdict early next month on whether the government broke the law with last year's bailouts of debt-stricken euro zone countries -- a ruling which could limit Berlin's room to manage the region's debt crisis. | Full Article
Deutsche Bank knew mortgage co it bought lied: Justice Dept
August 22, 2011 11:49 PM ET
New York (Reuters) - Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday. | Full Article
China factory output cools in August: HSBC
August 23, 2011 08:42 AM ET
BEIJING (Reuters) - China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday. | Full Article
HEALTH NEWS
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