U.S. Top News Early Edition: S&P adds to euro stress with Italy cut

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	09/20/2011
Good Morning Omss LATEST NEWS S&P adds to euro stress with Italy cut ROME (Reuters) - Standard and Poor's rocked the euro and bond markets on Tuesday with a one-notch cut in Italy's credit rating that added fuel to opposition calls for Prime Minister Silvio Berlusconi to resign and increased pressure on the debt-stressed euro zone. | Full Article August housing starts fall more than expected September 20, 2011 09:18 AM ET WASHINGTON (Reuters) - Housing starts fell more than expected in August as groundbreaking for both single-family and multi-family units dropped, suggesting the economy will not get help from residential construction anytime soon. | Full Article SEC probes trading before U.S. rating cut: report September 20, 2011 09:06 AM ET (Reuters) - Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter. | Full Article GM labor deal heads toward UAW vote September 20, 2011 12:40 AM ET DETROIT (Reuters) - About 48,500 General Motors Co workers at U.S. factories will begin considering the details of a proposed four-year contract on Tuesday that represents the first labor deal for the automaker since its 2009 bailout by the Obama administration. | Full Article IMF warns U.S., Europe could slip into recession September 20, 2011 09:09 AM ET WASHINGTON (Reuters) - Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said on Tuesday. | Full Article BUSINESS NEWS Wall St opens higher on Fed hopes September 20, 2011 09:36 AM ET NEW YORK (Reuters) - Stocks opened higher on Tuesday as investors waited to see if the Federal Reserve's policy-setting panel offers aid to a sputtering U.S. economy. | Full Article UBS boss seeks board backing for overhaul September 20, 2011 07:41 AM ET SINGAPORE/ZURICH (Reuters) - UBS Chief Executive Oswald Gruebel will ask the Swiss bank's board to back plans for a radical overhaul of investment banking under his leadership at a meeting in Singapore, after unauthorized trading caused a $2.3 billion loss. | Full Article U.S. ambassador urges China to lower trade barriers September 20, 2011 07:22 AM ET BEIJING (Reuters) - China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country. | Full Article Bank of China halts FX swaps with some European banks September 20, 2011 05:14 AM ET BEIJING/HONG KONG (Reuters) - Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday. | Full Article Italy credit downgraded, French banks pressured September 20, 2011 08:57 AM ET ROME/ATHENS (Reuters) - Standard & Poor's cut Italy's credit rating on Tuesday in a surprise move that increased strains on the debt-stressed euro zone and raised pressure on policymakers to take more decisive action to resolve the crisis. | Full Article HEALTH NEWS Scientists find way to "disarm" AIDS virus New bird flu outbreak reported in India U.N. assembly backs steps to fight chronic disease Scientists appeal on embryonic stem cell funding Study looks at pedestrians hospitalized after bicycle crashes RELATED VIDEO 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 Hero rabbit saves owners from house fire Full Article PETA to launch porn site in name of animal rights China suspends popular talent show for "exceeding time limits" - 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