U.S. Top News Early Edition: UBS in turmoil as $2 billion rogue trade hits ratings

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	09/16/2011
Good Morning Omss LATEST NEWS UBS in turmoil as $2 billion rogue trade hits ratings ZURICH (Reuters) - Swiss bank UBS came under increasing pressure to shrink or sideline its investment bank business -- source of a $2 billion rogue trading loss -- as ratings agencies warned lax risk management could prompt downgrades. | Full Article Geithner presses EU to act decisively, speak as one September 16, 2011 08:34 AM ET WROCLAW, Poland (Reuters) - Treasury Secretary Timothy Geithner told EU finance ministers on Friday they should end loose talk about a euro zone break-up and work more closely with the European Central Bank to tackle the debt crisis. | Full Article Libyan government fighters move on besieged towns September 16, 2011 07:53 AM ET BANI WALID/SIRTE, Libya (Reuters) - The forces of Libya's new leaders attacked two besieged towns on Friday, storming into Bani Walid and pushing forward at Sirte, as they tried to finish off resistance from diehard supporters of Muammar Gaddafi. | Full Article Goldman to close Global Alpha fund after losses September 16, 2011 08:17 AM ET NEW YORK (Reuters) - Goldman Sachs Group Inc is shuttering a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. | Full Article RIM's market share slipping faster than expected September 16, 2011 08:41 AM ET (Reuters) - Research In Motion is losing market share much faster than expected to rivals Apple and Google, amid mounting concerns over its cash flow and ability to meet its outlook, analysts warned on Friday. | Full Article BUSINESS NEWS Wall Street opens on pace to extend rally September 16, 2011 09:38 AM ET NEW YORK (Reuters) - Stocks opened higher on Friday, putting the benchmark S&P 500 on track for its best weekly performance since early July as European policymakers gathered to discuss the region's debt crisis. | Full Article Air France-KLM orders Airbus, Boeing jets worth $12 billion September 16, 2011 06:45 AM ET PARIS (Reuters) - Air France-KLM has split a $12 billion order for long-range jets following a year-long competition, announcing plans to buy 25 Boeing 787 Dreamliners and 25 Airbus A350s. | Full Article SocGen says cooperating with DoJ over Stanford case September 16, 2011 07:23 AM ET (Reuters) - French Bank Societe Generale said on Friday it was cooperating with a Department of Justice investigation into Texas financier Allen Stanford's alleged Ponzi scheme. | Full Article Allied World, Transatlantic call off deal September 16, 2011 08:15 AM ET (Reuters) - Reinsurers Allied World Assurance Co Holdings Ltd and Transatlantic Holdings Inc called off their merger on Friday in the face of overwhelming opposition, leaving the fate of Transatlantic uncertain amid two larger, unsolicited offers. | Full Article Analysis: BP oil spill report may prompt $30 billion pay-out September 16, 2011 04:50 AM ET LONDON (Reuters) - Findings of the second major investigation by the government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches. | Full Article HEALTH NEWS Analysis: Bachmann vaccine comments toxic, doctors say Prescription drugs poisonings up in kids 115 U.S. children, teens died from flu last season: CDC U.S. government draws fire for pulling doctor data Western states lead in reducing lung cancer rates: study 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 Robot to attempt Hawaii triathlon Full Article Snakes in underwear smuggler fined $400 Judge blocks Florida law gagging doctors' gun talk Gumby attempted robbery suspect surrenders to San Diego police Trucker on cell phone at time of crash that killed 11 Amish men jailed for not displaying buggy safety signs - 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