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Obama Storms Out of Debt Talks; Ron Paul Slams Debt-Raise 'Trap'; Europe Craves Reagan


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Obama Walks Out of Debt Talks, Default Risk Rises

ALERT: Milton Friedman's Prophetic Warning About Obama's Destructive Inflation Plan.

Ron Paul: Raising Debt Limit Is 'Capitulating' to Obama

Europe: We Yearn for Another Reagan

Obama Tale of Mom's Insurance Fight Debunked

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U.S. Top News Early Edition: Jobless claims fall, retail sales edge up

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07/14/2011
News Good Morning Omss
LATEST NEWS
Jobless claims fall, retail sales edge up
WASHINGTON (Reuters) - The number of Americans claiming initial unemployment benefits dropped last week, but remained elevated and retail sales barely rose, suggesting the economy would struggle to regain speed in the second half. | Full Article
JPMorgan quarterly profit rises, loan book grows
July 14, 2011 09:09 AM ET
NEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. | Full Article
Obama and lawmakers face fresh doubts on debt deal
July 14, 2011 07:49 AM ET
WASHINGTON (Reuters) - President Barack Obama and top Republicans face growing pressure Thursday to surmount acrimonious divisions over how to avoid a debt default as an August 2 deadline looms for raising the national debt ceiling. | Full Article
Murdochs refuse to go before UK parliament next week
July 14, 2011 08:41 AM ET
LONDON (Reuters) - Rupert Murdoch on Thursday refused a summons by Britain's parliament to answer questions over alleged crimes at one of his newspapers, leaving a senior executive from his media empire to face lawmakers keen to break the media mogul's grip on politics. | Full Article
Euro zone makes fresh bid to tackle Greek crisis
July 14, 2011 06:57 AM ET
BRUSSELS/BERLIN (Reuters) - Euro zone countries continued to grapple with the thorny issue of involving the private sector in tackling Greece's debt pile as they prepared for a meeting to decide support for the country next week. | Full Article
BUSINESS NEWS
Wall Street set to rise as JPMorgan lifts debt gloom
July 14, 2011 09:01 AM ET
NEW YORK (Reuters) - Wall Street was set to rise on Thursday as higher profit from JPMorgan offset concern about closing the U.S. budget deficit after Moody's threatened to downgrade the United States' top credit rating. | Full Article
Italian Senate approves austerity package
July 14, 2011 09:19 AM ET
ROME (Reuters) - The Italian austerity budget worth nearly 48 billion euros was approved by the upper house of parliament on Thursday, overcoming its first parliamentary hurdle. | Full Article
ConocoPhillips to split into two; shares surge
July 14, 2011 09:33 AM ET
NEW YORK (Reuters) - ConocoPhillips will split itself into two by spinning off its refining arm, the third-largest U.S. oil company said on Thursday, sending its shares up more than 7 percent. | Full Article
China first-half fiscal surplus at $193 billion
July 14, 2011 06:43 AM ET
BEIJING (Reuters) - China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues, the Ministry of Finance said on Thursday. | Full Article
Google margins and new social product in spotlight
July 14, 2011 12:42 AM ET
SAN FRANCISCO (Reuters) - Google Inc's profit margins and its newly released social networking service will be in the investor spotlight when the Internet company reports its quarterly results after Thursday's market close. | Full Article
HEALTH NEWS
No link seen between cellphones, brain tumor
Once-daily AIDS pill can slash HIV infection risk
Samsung study rejects claims semiconductor plants caused cancers
Eateries eye healthier kids' food amid pressure
Secondhand smoke tied to kids' behavior problems
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Politics News & Analysis: Tea party and business interests at odds over debt limit

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