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U.S. Top News Early Edition: Jobless claims fall more than expected

Reuters
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05/19/2011
News Good Morning Omss
LATEST NEWS
Jobless claims fall more than expected
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the labor market recovery remains on track. | Full Article
IMF chief resigns, debate on successor heats up
May 19, 2011 08:52 AM ET
NEW YORK (Reuters) - Dominique Strauss-Kahn resigned as head of the IMF, saying he needs all his energy to fight charges that he sexually assaulted a hotel maid, prompting an immediate political tug-of-war over his job on Thursday. | Full Article
Al Qaeda releases posthumous bin Laden audio recording
May 19, 2011 07:59 AM ET
CAIRO (Reuters) - Al Qaeda released a posthumous audio recording by Osama bin Laden in which he praised revolutions sweeping through several Arab countries, and called for more Muslim "tyrants" to be toppled. | Full Article
LinkedIn IPO prices at $45 per share, top of range
May 18, 2011 09:39 PM ET
NEW YORK (Reuters) - LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty. | Full Article
ECB issues Greek debt threat to stop restructuring
May 19, 2011 09:19 AM ET
BERLIN/FRANKFURT (Reuters) - The European Central Bank has raised the stakes in its bid to prevent a restructuring of Greek debt, telling euro zone governments it would refuse to accept Greek bonds as collateral in the event of such a move. | Full Article
BUSINESS NEWS
Wall Street set to open higher after jobless claims
May 19, 2011 09:23 AM ET
NEW YORK (Reuters) - Wall Street stocks were set for a higher open on Thursday after weekly jobless claims data suggested the labor market was on track for recovery. | Full Article
Glencore's record IPO makes muted debut
May 19, 2011 09:22 AM ET
LONDON (Reuters) - Commodities trader Glencore made a steady market debut on Thursday, with shares trading just above the widely expected launch price of 530 pence, giving it solid currency for potential acquisitions. | Full Article
EU to seek bank commitment to hold Greek debt: sources
May 19, 2011 08:24 AM ET
BRUSSELS (Reuters) - The main option under consideration for Greece now is a voluntary deal by investors to maintain their Greek bond holdings over the period of another EU/IMF program from 2011 to 2014, euro zone sources said. | Full Article
Fed's Dudley: "Considerable way to go" in recovery
May 19, 2011 09:06 AM ET
NEW PALTZ, New York (Reuters) - The U.S. recovery is proceeding at a moderate pace, but the economy has "a considerable way to go" before it meets the Federal Reserve's dual mandate of full employment and price stability, a top Fed official said on Thursday. | Full Article
Oppenheimer cuts ratings on Staples, OfficeMax
May 19, 2011 08:41 AM ET
Bangalore (Reuters) - Oppenheimer & Co cut its rating on Staples Inc and OfficeMax Inc to "perform" from "outperform," saying sales trends for office supplies retailers appear unlikely to rebound any time soon. | Full Article
HEALTH NEWS
Army chief faults unfit recruits for injuries
Wider distribution of drugs needed to cut AIDS deaths in China
Multi-state accord would reduce tobacco sales to minors
Mali to repay misused vaccine funds, arrests 4: GAVI
Generics seen slashing global drug sales growth
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Are Your Prostate Issues an Inevitable Part of Aging?

Are Your Prostate Issues an Inevitable Part of Aging?
Renowned Doctor Says 'No!'

By S. A. Nickerson
Special Health Correspondent

If your prostate is giving you problems and your doc says "live with it — it's just part of getting older" — be wary. Renowned physician and author Dr. David Brownstein thinks this is "baloney!"

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Special Offer Code: E1059

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Politics News & Analysis: President faces pressure on Middle East

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The Washington PostThursday, May 19, 2011
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President Barack Obama speaks at a Democratic National Committee campaign fundraising event at the Boston Center for the Arts in Boston, Wednesday, May 18, 2011. (AP Photo/Charles Dharapak)

President faces pressure on Middle East

Rebellion in Libya and a stalled peace process between Israel and the Palestinians are among the issues looming over Obama's policy address.

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White House Press Secretary Jay Carney during a daily press briefing at the White House April 4, 2011 in Washington, DC.  Carney spoke about the upcoming 2012 US Presidential Election, the potential federal government shutdown due to budget disagreements and other issues.  AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

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