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U.S. Top News Early Edition: May core CPI rises most in nearly 3 years

Reuters
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06/15/2011
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LATEST NEWS
May core CPI rises most in nearly 3 years
WASHINGTON (Reuters) - Core consumer inflation rose at its quickest pace in nearly three years in May and a regional manufacturing gauge contracted this month, underscoring the headwinds facing the economy. | Full Article
Greeks rage against austerity while EU argues
June 15, 2011 08:56 AM ET
ATHENS/BRUSSELS (Reuters) - Striking Greeks raged against a new wave of austerity on Wednesday after euro zone finance ministers failed to agree how to make private creditors contribute to a second bailout for their indebted country. | Full Article
Exclusive: Saudi, U.S. debated oil reserve swap before OPEC
June 15, 2011 09:35 AM ET
WASHINGTON/LONDON (Reuters) - It was to be a swap felt around the world -- a plan privately discussed by the world's largest oil exporter and the globe's biggest consumer to take the heat out of $120-plus oil prices. | Full Article
White House wants business to aid in debt cap fight
June 15, 2011 01:42 AM ET
WASHINGTON (Reuters) - Worried that Congress will not act in time to raise the country's borrowing cap, the Obama administration is enlisting the business community to persuade lawmakers that a default will have dire consequences. | Full Article
China and allies back Russia against U.S. missile shield
June 15, 2011 09:03 AM ET
ASTANA (Reuters) - Russia won the backing of China and other members of a regional security body in criticizing U.S. plans for a missile shield, saying on Wednesday it could undermine global security. | Full Article
BUSINESS NEWS
Wall Street set to drop on factory data, Greece fears
June 15, 2011 09:17 AM ET
NEW YORK (Reuters) - Stocks were set for a sharp drop at the open on Wednesday on worries the Greece debt crisis may escalate and after a negative reading on New York State manufacturing underscoring the headwinds facing the economy. | Full Article
Grasso holds court on NYSE deal, trading, politics
June 15, 2011 09:33 AM ET
NEW YORK (Reuters) - Would Dick Grasso have sold the New York Stock Exchange to the Germans? | Full Article
Industrial output edges up in May
June 15, 2011 09:34 AM ET
WASHINGTON (Reuters) - U.S. industrial output edged up just 0.1 percent in May as supply chain disruptions from the earthquake in Japan disrupted auto production for a second straight month, the Federal Reserve said on Wednesday. | Full Article
Dish Network offers $1.38 billion for TerreStar
June 15, 2011 08:54 AM ET
NEW YORK (Reuters) - TerreStar Networks Inc said it has received a $1.375 billion cash bid from billionaire Charlie Ergen's Dish Network Corp to buy the telecommunications company's assets through a bankruptcy auction, court papers show. | Full Article
Mortgage applications see biggest gain in 3 months: MBA
June 15, 2011 08:59 AM ET
NEW YORK (Reuters) - Applications for home mortgages saw their biggest jump in three months last week, fueled by demand for refinancing as interest rates continued to fall, an industry group said on Wednesday. | Full Article
HEALTH NEWS
China downplays risk to children from lead poisoning: report
Pfizer, BI inhaler may raise risk of death: study
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Prenatal pesticide exposure tied to birth size
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Politics News & Analysis: Ethanol subsidy survives in Senate

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The Washington PostWednesday, June 15, 2011
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FILE - In this May 24, 2006, file photo, a tanker leaves the Tall Corn Ethanol plant after loading up with ethanol in Coon Rapids, Iowa. The Environmental Protection Agency is expected to approve higher concentrations of ethanol for newer vehicles, raising the maximum blend of the corn-based fuel with gasoline from 10 percent to 15 percent as soon as Wednesday, Oct. 13, 2010. (AP Photo/Charlie Neibergall, File)

Ethanol subsidy survives in Senate

But most Republican senators voted to repeal the tax credit, breaking with their party's longtime stance against higher taxes.

WhoRunsGov

Texas Gov. Rick Perry speaks during a book signing for his new book 'Fed Up!' during a stop in Tyler, Texas on Friday, Nov. 12, 2010. (AP Photo/Tyler Morning Telegraph, Jaime R. Carrero)

Room for One More

Texas Gov. Rick Perry (R) said he is giving serious thought to a run for president on Fox News yesterday. Read Perry's profile

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