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U.S. Top News Early Edition: Consumer spending, trade buoy economy

Reuters
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01/28/2011
News Good Morning Omss
LATEST NEWS
Consumer spending, trade buoy economy
WASHINGTON (Reuters) - The U.S. economy gathered speed in the fourth quarter with a big gain in consumer spending and strong exports pushing demand ahead at the fastest clip in more than 26 years. | Full Article
Egypt police fire rubber bullets at Cairo protests
January 28, 2011 09:13 AM ET
CAIRO (Reuters) - Egyptian riot police fired rubber bullets at protesters who had promised a "Friday of Wrath" in Cairo to demand the end of President Hosni Mubarak's 30-year rule as part of a wave of unrest gripping the Middle East. | Full Article
China rating agency blames U.S. for "credit war"
January 28, 2011 07:20 AM ET
BEIJING (Reuters) - The United States is effectively printing cheap dollars as it implements an ultra-loose policy to spur its flagging economy, setting the stage for "a world credit war," a Chinese rating agency said on Friday. | Full Article
Ford profit drops on higher costs, shares slide
January 28, 2011 09:20 AM ET
DETROIT (Reuters) - Ford Motor Co's fourth-quarter profit disappointed Wall Street, due to higher costs to launch new vehicles like the Explorer SUV, increasing commodity prices and a loss in Europe, sending its shares down 5.5 percent. | Full Article
U.S. and Japan told time running out to deal with debt
January 28, 2011 02:02 AM ET
TOKYO/WASHINGTON (Reuters) - Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control. | Full Article
BUSINESS NEWS
Futures show flat open after GDP data, Ford drops
January 28, 2011 09:03 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a flat open on Friday as data showed the economic expansion gathered speed in the fourth quarter, though a touch below forecasts. | Full Article
CEO trimmed Amazon stake; margins drag on shares
January 28, 2011 08:19 AM ET
(Reuters) - Amazon.com founder and Chief Executive Jeff Bezos trimmed his stake in the world's biggest online retailer on New Year's Eve, a regulatory filing showed on Friday, a day after it reported quarterly results. | Full Article
End of cheap food era as grain prices stay high
January 28, 2011 09:09 AM ET
CHICAGO (Reuters) - U.S. grain prices should stay unrelentingly high this year, according to a Reuters poll, the latest sign that the era of cheap food has come to an end. | Full Article
Chevron quarterly profit tops Wall St view
January 28, 2011 09:21 AM ET
NEW YORK (Reuters) - Chevron Corp reported a higher-than-expected fourth-quarter profit on Friday, lifted by the sharp rise in oil prices and the sale of its stake in a pipeline company. | Full Article
Sara Lee to split in two after bids don't entice
January 28, 2011 09:04 AM ET
NEW YORK (Reuters) - Sara Lee Corp plans to split into two separate public companies focusing on North American meats and international coffee after takeover bids it received were not enough to entice it to sell the company. | Full Article
HEALTH NEWS
Can adjustable glasses help kids in poor countries?
Gene protects U.S. blacks from heart disease: study
Obama: drug abuse requires broader policy response
Extra calcium, vitamin D no bone booster for men
U.S. sues Boston Scientific over heart devices
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Egypt Protests Erupt Despite Internet Lockdown

 
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CBS News.com - Daily News Summary
January 28, 2011 | DAILY NEWS SUMMARY
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CBS NEWS TOP STORIES

Egypt Protests Erupt Despite Internet Lockdown

Police Clash With Demonstrators Demanding End to Mubarak's Rule in Spite of Gov't Effort to Thwart Protests  "Friday of Wrath
Read full story
Egypt Protests Erupt Despite Internet Lockdown
No "Panic" as Mandela Discharged from Hospital

No "Panic" as Mandela Discharged from Hospital

Officials Say Former S. African President "Responded Very Well" to Treatment for Acute Respiratory Infection


Abortion Debate in America Reignited

Abortion Debate in America Reignited

Recent Murder Charges against Philadelphia Late-term Abortion Doctor Put Abortion in Focus


Michelle Obama: Army Fitness Could Help Kids

Michelle Obama: Army Fitness Could Help Kids

First Lady Sees Military's New Push to Keep Troops Fighting Fit as Possible Model for Nation's Youth


Walk Like a Man: UK Gorilla Draws Fans

Walk Like a Man: UK Gorilla Draws Fans

Watch: Gorilla Walking Upright Newest Web Sensation


Egypt Protests Erupt Despite Internet Lockdown

Egypt Protests Erupt Despite Internet Lockdown

Police Clash With Demonstrators Demanding End to Mubarak's Rule in Spite of Gov't Effort to Thwart Protests


No "Panic" as Mandela Discharged from Hospital

No "Panic" as Mandela Discharged from Hospital

Officials Say Former S. African President "Responded Very Well" to Treatment for Acute Respiratory Infection


Rahm Emanuel Back on Chicago Mayor Ballot

Rahm Emanuel Back on Chicago Mayor Ballot

Illinois Supreme Court Puts Emanuel Back on Ballot in Chicago Mayor's Race, Unanimously Reversing Lower Court's Ruling


Obama Opens Up on Super Bowl, Valentine's Day

Obama Opens Up on Super Bowl, Valentine's Day

During his YouTube Q&A Today, President Obama Shared some Personal Trivia, but Avoided Political Landmines -- Like Favorite Football Teams


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