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U.S. Top News Early Edition: UBS $2 billion rogue trade suspect held in London

Reuters
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09/15/2011
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UBS $2 billion rogue trade suspect held in London
LONDON/ZURICH (Reuters) - Swiss bank UBS said a trader had lost it around $2 billion in unauthorized deals, and police in London arrested 31-year-old Kweku Adoboli in connection with the case. | Full Article
Merkel: euro bonds "absolutely wrong" for crisis
September 15, 2011 09:12 AM ET
FRANKFURT (Reuters) - German Chancellor Angela Merkel bluntly rejected euro zone bonds as a solution to the currency area's sovereign debt crisis, saying on Thursday that "collectivizing debts" would not solve the problem. | Full Article
Jobless claims post surprise rise
September 15, 2011 09:15 AM ET
WASHINGTON (Reuters) - New jobless claims rose last week to their highest since June and a gauge of New York State manufacturing contracted in September, sustaining the view the Federal Reserve could take new action to boost growth. | Full Article
Sarkozy, Cameron hailed in Libya, offer help
September 15, 2011 09:23 AM ET
TRIPOLI (Reuters) - Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers French and British air power helped install and being told the favor may be repaid in deals on oil and reconstruction. | Full Article
Analysis: Happy talk doesn't mean compromise in Congress
September 15, 2011 01:55 AM ET
WASHINGTON (Reuters) - Republicans in Congress may have dialed back their rhetoric, but that does not mean they are any more likely to yield to an unpopular Democratic president. | Full Article
BUSINESS NEWS
Wall Street opens up on ECB, central banks plan
September 15, 2011 09:34 AM ET
NEW YORK (Reuters) - Stocks rose at the open on Thursday after the European Central Bank said it would reintroduce three-month dollar liquidity tenders in the fourth quarter alongside other major central banks. | Full Article
Groupon IPO back on track: report
September 15, 2011 06:52 AM ET
(Reuters) - Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil. | Full Article
European treasury needed to avoid Depression: Soros
September 15, 2011 06:40 AM ET
(Reuters) - Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury. | Full Article
Insight: Why Swiss medicine men swallow a strong franc
September 15, 2011 09:06 AM ET
BASEL (Reuters) - In recent months, a red-hot Swiss franc has made Switzerland an expensive place to buy a slice of pizza, let alone run a business. Swiss-based Roche, the world's biggest maker of cancer medicines, and its cross-town rival Novartis have felt the pain along with Switzerland's other exporters. | Full Article
SEC widens CDO probe, negotiating settlements: report
September 15, 2011 08:05 AM ET
(Reuters) - The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of more than $200 million with Citigroup, the Wall Street Journal said, citing people familiar with the matter. | Full Article
HEALTH NEWS
Body odor? Gene disorder may be the culprit
More U.S. doctors facing charges over drug abuse
Breast, cervix cancer growing threats to poor: study
Judge blocks Florida law gagging doctors' gun talk
Smokers don't make better lovers: study
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