U.S. Top News Early Edition: Wall Street slumps nearly 2 percent at open

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	08/10/2011
Good Morning Omss LATEST NEWS Wall Street slumps nearly 2 percent at open NEW YORK (Reuters) - Stocks opened down nearly 2 percent on Wednesday following a sharp snap-back rally in the last session as investors' well-worn fears about the economy and high levels of public debt looked set to generate more volatile trading. | Full Article Goldman says QE3 likely after dovish Fed statement August 10, 2011 08:22 AM ET SINGAPORE (Reuters) - Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. | Full Article As rioting spreads UK's Cameron vows crackdown August 10, 2011 09:35 AM ET LONDON (Reuters) - Prime Minister David Cameron said Wednesday "a fight back is under way" to restore law and order to Britain's streets but rioting, looting and arson by gangs of youths spread from London to other cities overnight. | Full Article U.S. says kills Taliban who shot down chopper August 10, 2011 09:25 AM ET WASHINGTON (Reuters) - Coalition forces in Afghanistan have killed the Taliban militants responsible for shooting down a U.S. helicopter last weekend but not the insurgent leader initially sought in the operation, the top U.S. commander in Afghanistan said on Wednesday. | Full Article S&P balks at SEC proposal to reveal rating errors August 10, 2011 08:14 AM ET WASHINGTON (Reuters) - Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings. | Full Article BUSINESS NEWS Analysis: Fed hawks shriek on sidelines, doves carry day August 10, 2011 09:15 AM ET WASHINGTON (Reuters) - So much for the vaunted Federal Reserve consensus. | Full Article Capital One bulks up U.S. cards with $33 billion HSBC buy August 10, 2011 05:34 AM ET HONG KONG (Reuters) - HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations. | Full Article Groupon cuts marketing costs, hiring costs jump August 10, 2011 08:22 AM ET SAN FRANCISCO (Reuters) - Groupon Inc's second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs. | Full Article Mortgage applications rose last week: MBA August 10, 2011 08:08 AM ET NEW YORK (Reuters) - Applications for home mortgages rose last week as interest rates fell to their lowest level this year, an industry group said on Wednesday. | Full Article Hong Kong exchange trading disrupted as hackers target website August 10, 2011 08:31 AM ET HONG KONG (Reuters) - The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange's website on Wednesday, preventing investors from accessing company announcements made during the midday break. | Full Article HEALTH NEWS Health spending more complex than Medicare shows Junk food still stars in TV ads seen by kids Mother's blood test reveals baby's sex Blood tests tied to anemia in heart attack patients Sleep apnea linked to memory decline, dementia RELATED VIDEO Libyan TV airs Khamis video Dozens die in Comoros boat wreck Koreas in artillery fire incident 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 Deaf man complains nudists would not provide interpreter Full Article Mystery woman in iconic Elvis photo identified Needles are the enemy for balloon dress First tax-free holiday in Arkansas a boon for business "Lucy" look-alikes honor Lucille Ball's 100th birthday - 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