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U.S. Top News Early Edition: Murdoch fights for control after Brown allegations

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07/12/2011
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Murdoch fights for control after Brown allegations
LONDON (Reuters) - Rupert Murdoch fought to contain a crisis engulfing his media empire on Tuesday after allegations surfaced that journalists at several of his News Corp papers had targeted former British prime minister Gordon Brown. | Full Article
Obama, lawmakers regroup to seek debt deal
July 12, 2011 09:33 AM ET
WASHINGTON (Reuters) - President Barack Obama and congressional leaders, struggling to break an impasse over taxes and spending cuts, will regroup on Tuesday to seek common ground for a deal to avoid a looming U.S. debt default. | Full Article
Europe considers Greek default, leaders to meet
July 12, 2011 09:13 AM ET
BRUSSELS (Reuters) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion to Italy and Spain. | Full Article
Trade deficit surges on oil to $50.2 billion in May
July 12, 2011 09:24 AM ET
WASHINGTON (Reuters) - The U.S. trade gap widened sharply in May to its highest level in 31 months as surging oil prices helped push imports to a near record and exports fell slightly from April's record high. | Full Article
Small business morale falls slightly in June
July 12, 2011 09:19 AM ET
WASHINGTON (Reuters) - Confidence among U.S. business owners slipped last month amid expectations of weak sales and a deterioration in business conditions over the next six months, a survey showed on Tuesday. | Full Article
BUSINESS NEWS
Futures bounce off lows but point to weak Wall Street
July 12, 2011 09:09 AM ET
NEW YORK (Reuters) - Wall Street was headed for a third day of losses on Tuesday as the euro zone crisis rattled investors, although their fears seemed to dissipate through the morning as stock index futures came off their lows. | Full Article
Exclusive: Apple chief patent lawyer to leave
July 12, 2011 06:41 AM ET
SAN FRANCISCO (Reuters) - Apple Inc's chief patent counsel will soon leave the company, at a time when the iPhone maker is fighting numerous legal battles around the world, according to a source familiar with the situation. | Full Article
Analysis: Gold set fair as debt focus widens to U.S.
July 12, 2011 08:57 AM ET
LONDON (Reuters) - Gold prices have soared to record highs this year on concerns over the euro zone debt crisis, and the metal could be set for another leg higher if the world's biggest economy, the United States, also starts to struggle with its debt repayments. | Full Article
Analysis: Euro zone crisis enters dangerous new phase with Italy
July 12, 2011 09:03 AM ET
ATHENS (Reuters) - The euro zone's debt crisis has taken a dangerous turn. Contagion is singeing the currency bloc's third biggest economy Italy, which would be too big to save with existing EU financial fire-fighting tools. | Full Article
Small, medium companies turn sour on economy: survey
July 12, 2011 08:01 AM ET
NEW YORK (Reuters)- Small and medium-sized companies are increasingly glum about the chances of a pickup in growth in the U.S. economy over the next year, a survey published on Tuesday showed. | Full Article
HEALTH NEWS
Groups convince FDA to ease Alzheimer's trial rules
Gilead kickstarts patent pool for AIDS drugs
Scientists find first superbug strain of gonorrhea
High salt + low potassium = early death: study
Doctors overuse heart treatment, despite guidelines
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Politics News & Analysis: Cantor takes a stand, then walks

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The Washington PostTuesday, July 12, 2011
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US House Majority Leader Eric Cantor, R-VA, speaks to reporters July 11, 2011 on Capitol Hill In Washington, DC. US President Barack  Obama called for more budget talks Monday at the White House after failing to reach an elusive deal with Republicans to stave off a potentially catastrophic US debt default. AFP PHOTO/ Karen BLEIER (Photo credit should read KAREN BLEIER/AFP/Getty Images)

Rep. Cantor takes a stand — and then walks

As Congress and the president try to strike a deal on the national debt, House Majority Leader Eric Cantor is becoming a dominating force in GOP negotiations.

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