U.S. Top News Early Edition: World stocks fall back on European bank concerns

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	08/11/2011
Good Morning Omss LATEST NEWS World stocks fall back on European bank concerns LONDON (Reuters) - World stocks and the euro fell back Thursday, prompting a rush to safe-haven government bonds as concerns resurfaced about the euro zone banking system and signs of funding stress. | Full Article Jobless claims at 4-month low, trade gap widens August 11, 2011 09:20 AM ET WASHINGTON (Reuters) - The number of Americans claiming new jobless benefitsdropped to a four-month low last week, a sliver of hope for an economy that has been battered by a credit rating downgrade and falling share prices. | Full Article British PM Cameron promises crackdown on rioters August 11, 2011 09:13 AM ET LONDON (Reuters) - Prime Minister David Cameron, grappling with what could prove a defining crisis of his premiership, told parliament on Thursday rioters behind Britain's worst violence in decades would be tracked down and punished. | Full Article S&P controversy fuels demands for ratings reforms August 11, 2011 08:07 AM ET WASHINGTON (Reuters) - Concerns about S&P's downgrading of the U.S. credit rating and the resulting global stock sell-off are sparking urgent calls for investigations and reinvigorating ongoing efforts to reform the ratings agencies, which have been under fire since the Enron scandal of 2001. | Full Article Special report: The perils of Paulson August 10, 2011 09:59 PM ET By Matthew Goldstein, Jennifer Ablan and Svea Herbst-Bayliss | Full Article BUSINESS NEWS Futures point to flat open, more volatility August 11, 2011 09:17 AM ET NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open and another session of volatility on Thursday as renewed concerns about the euro zone banking system pushed down European shares. | Full Article French banks lead European sector lower August 11, 2011 06:49 AM ET LONDON (Reuters) - Shares in French banks fell sharply on Thursday on persistent worries about their outlook, dragging down an index of European bank stocks, which has lost almost 30 percent this year. | Full Article Banks in Asia review credit to French lenders August 11, 2011 08:49 AM ET SINGAPORE (Reuters) - One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday. | Full Article Some $4 trillion wiped off world stocks in 2 weeks August 11, 2011 09:03 AM ET LONDON (Reuters) - Some $4 trillion has been wiped off the value of world stocks this month on concerns the euro zone debt crisis is spreading to Italy and Spain and hurting Europe's banking system, and the global economy is falling into recession. | Full Article Alibaba Q2 net up, sees global econ threat to H2 August 11, 2011 07:50 AM ET SHANGHAI/HONG KONG (Reuters) - Alibaba.com, China's largest e-commerce firm, beat forecasts with a 29 percent rise in quarterly net profit, its smallest rise in about 1-1/2 years, and warned that the adverse global economic outlook could hit its second half. | Full Article HEALTH NEWS Gene therapy shown to destroy leukemia tumors Birth defects tied to child brain tumors Heart failure in elderly linked to memory problems Scientists unravel genetic clues to multiple sclerosis FDA approves Gilead's once-daily HIV pill RELATED VIDEO Courts work overnight to deal with UK rioters Beirut blast leaves one dead Ethiopia camp shelters Somali refugees 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 Man allegedly stole, swallowed client's ring Full Article Feared criminal takes short walk to freedom Trojan horse t-shirts trick neo-Nazis Deaf man complains nudists would not provide interpreter Mystery woman in iconic Elvis photo identified Needles are the enemy for balloon dress - 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