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U.S. Top News Early Edition: Cisco to overhaul troubled consumer products unit

Reuters
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04/12/2011
News Good Morning Omss
LATEST NEWS
Cisco to overhaul troubled consumer products unit
NEW YORK (Reuters) - Cisco Systems Inc will cut 550 jobs and shut down its Flip camera business in an overhaul of its troubled consumer products, following chief John Chambers' recent admission that the company had lost its way. | Full Article
Japan raises nuclear crisis to same level as Chernobyl
April 12, 2011 08:56 AM ET
TOKYO (Reuters) - Japan put its nuclear calamity on a par with the world's worst nuclear disaster, Chernobyl, on Tuesday after new data showed that more radiation leaked from its earthquake-crippled power plant in the early days of the crisis than first thought. | Full Article
Trade gap falls in February as trade contracts
April 12, 2011 09:13 AM ET
WASHINGTON (Reuters) - The U.S. trade deficit shrank in February as imports fell more than exports, according to a government report on Tuesday that suggested a slowdown in global demand. | Full Article
Ouattara urges peace after Ivory Coast rival held
April 12, 2011 09:20 AM ET
ABIDJAN (Reuters) - Ivory Coast's internationally recognized president, Alassane Ouattara, called for peace after his rival was arrested with the help of French forces, but he faces a huge task reuniting a country shattered by civil war. | Full Article
Nasdaq, D.Boerse eye shareholders in NYSE battle
April 12, 2011 06:07 AM ET
NEW YORK (Reuters) - Nasdaq OMX Group and Deutsche Boerse are wooing major NYSE Euronext shareholders, as both exchanges stand by their bids for the Big Board parent and dig in for a drawn-out battle. | Full Article
BUSINESS NEWS
Wall St opens lower on Japan, Alcoa revenue
April 12, 2011 09:35 AM ET
NEW YORK (Reuters) - Stocks opened lower on Tuesday in the wake of a disappointing revenue miss from Alcoa Inc and Japan's upgrade of the severity of its nuclear crisis. | Full Article
BP's Rosneft deal more uncertain after Sechin quits
April 12, 2011 09:26 AM ET
LONDON (Reuters) - BP's planned $18 billion tie-up with Russia's Rosneft was looking even more uncertain after chief backer Igor Sechin stood down as Rosneft chairman, and sources said BP faced a new legal challenge. | Full Article
Bank risk culture, pay not curbed enough: survey
April 12, 2011 07:02 AM ET
LONDON (Reuters) - Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry report said. | Full Article
Allied Irish loss soars to $15 billion, axes 2,000 jobs
April 12, 2011 09:06 AM ET
DUBLIN (Reuters) - Allied Irish Banks aimed to put the "collective madness" of a homegrown property bubble behind it on Tuesday with a jaw-dropping annual loss of 10.4 billion euros and a plan to axe over 2,000 jobs. | Full Article
Renault CEO under pressure after lieutenant quits
April 12, 2011 09:12 AM ET
PARIS (Reuters) - The departure of Renault's number two executive over a spying-turned-fraud debacle heaps pressure on CEO Carlos Ghosn at a crucial moment in the carmaker's latest strategic initiative. | Full Article
HEALTH NEWS
Study: Older brains less nimble at multi-tasking
With head in the sand, Indonesia struggles to tackle AIDS
Study reveals new target for antidepressants
Three Nebraska nuclear workers exposed to radiation
Endo cuts patent risk with $2.6 billion American Medical
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Newser Daily Digest - Now Trump's Feuding With Bill Cosby

Newser Alert
Now Trump's Feuding With Bill Cosby

Now Trump's Feuding With Bill Cosby

(Newser) - Feuding with the media apparently isn't enough for Donald Trump—he's now got a beef with Bill Cosby as well. Trump has taken exception to comments made by Cosby on the Today show last week and has issued a statement branding the comedian a two-faced backstabber, TMZ reports. Cosby... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Planned Parenthood Is 'LensCrafters' of Abortion: Bachmann

Planned Parenthood Is 'LensCrafters' of Abortion: Bachmann

(Newser) - Republicans trying to woo conservative Iowans are likely to find Michele Bachmann a hard act to follow. The Minnesotan, speaking to a conservative group last night, slammed "liberal policies" on abortion, same-sex marriage, and health care reform, the Des Moines Register reports. She labeled Planned Parenthood the "LensCrafters... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
DC Mayor Arrested at Budget Protest

DC Mayor Arrested at Budget Protest

(Newser) - Washington Mayor Vincent Gray and several city council members were among 41 people arrested at a Capitol Hill protest against the budget deal yesterday. Gray and his colleagues were charged with unlawful assembly for blocking passage on the street and were taken to a Capitol Police facility before being released... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
When Obama Dreams, He Dreams of...

When Obama Dreams, He Dreams of...

(Newser) - Barack Obama is the leader of the free world—and he just wishes he could go to the car wash. In an interview with a group of Hearst Magazines editors and publishers, President Obama revealed his most secret desires. "I just miss—I miss being anonymous," he confessed.... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Donald Trump's Latest Target: VF Blogger

Donald Trump's Latest Target: VF Blogger

(Newser) - Apparently tracking down President Obama's birth certificate and running a reality TV show aren't enough to keep Donald Trump busy, because his penchant for writing nastygrams to writers of less-than-flattering articles about him is getting downright habitual. "We, too, are recent beneficiaries of Trump’s editorial suggestions," writes... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Romney Forms Exploratory Committee

Romney Forms Exploratory Committee

(Newser) - It might seem like he never stopped running for president, but Mitt Romney today became the second Republican to all but throw his hat in the 2012 ring, reports Politico. The former Massachusetts governor has formed an exploratory committee, saying that President Obama's "policies have failed." "This... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Barack Obama Has Gone AWOL

Barack Obama Has Gone AWOL

(Newser) - Barack Obama has left the building. Granted, with Republicans running amok, all Obama really has is “the bully pulpit,” but incredibly, “he’s using it to reinforce his enemies’ narrative,” writes Paul Krugman in the New York Times . Maybe he did have to make big concessions... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Face It, Washington: Defense Budget Must Shrink

Face It, Washington: Defense Budget Must Shrink

(Newser) - The latest budget compromise may have resulted in “sweeping” and “historic” cuts, as the White House, Congress, and the media have claimed—yet “not a solitary penny” was cut from defense spending. Instead, spending will break $700 billion in 2011, which happens to be a post-World War... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
The Truth About Giffords' Recovery

The Truth About Giffords' Recovery

(Newser) - It all sounds remarkable: Friends and colleagues have told the media about their "lengthy" conversations with Gabrielle Giffords, who is "running a campaign from the hospital." Indeed, she is getting better—but her progress might not be as speedy or extensive as those comments suggest. When you... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 
Obama's Deficit Plan: Raise Taxes on Rich

Obama's Deficit Plan: Raise Taxes on Rich

(Newser) - President Obama will weigh in on the deficit in a speech this Wednesday, calling for cuts to entitlement programs as well as a tax increase for the wealthy. Alongside calls for reductions in Medicare and Medicaid and a new plan for Social Security, the president will propose raising taxes on... More  »
Newser located this story for you on Tuesday, April 12, 2011 7:02 AM. The story matched your section(s) Politics.

 

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