U.S. Top News Early Edition: Japan recovery takes hold, but debt downgrade looms

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	05/31/2011
Good Morning Omss LATEST NEWS Japan recovery takes hold, but debt downgrade looms TOKYO (Reuters) - Japan's economy offered more signs of recovery from the deadly March earthquake on Tuesday, but Moody's ratings agency warned both growth and government action may fall short of what is necessary to bring Tokyo's ballooning debt back under control. | Full Article Europe weighs options for new Greek package May 31, 2011 08:35 AM ET BERLIN/VIENNA (Reuters) - European officials met on Tuesday to sketch out options for a second bailout package for Greece, with private sector participation still under discussion to help relieve the country of its massive debt burden. | Full Article Yemen truce ends with blasts, stokes civil war worries May 31, 2011 06:47 AM ET SANAA (Reuters) - Street fighting raged across the Yemeni capital on Tuesday after a tenuous truce broke down between tribal groups and forces loyal to President Ali Abdullah Saleh, edging the impoverished Arab country closer to civil war. | Full Article Libya's Gaddafi: I will not leave my country May 31, 2011 08:31 AM ET TRIPOLI (Reuters) - Muammar Gaddafi is emphatic he will not leave Libya, South African President Jacob Zuma said on Tuesday after talks with the Libyan leader that left prospects for a negotiated end to the conflict looking dim. | Full Article Lagarde pledges IMF reform in bid to woo Brazil May 30, 2011 08:33 PM ET BRASILIA (Reuters) - French Finance Minister Christine Lagarde pledged to push reforms to give Brazil and other emerging economies more influence at the International Monetary Fund as she kicked off a worldwide tour on Monday to win support for her candidacy to lead the global lender. | Full Article BUSINESS NEWS Wall Street to open higher on Greek bailout hopes May 31, 2011 09:24 AM ET NEW YORK (Reuters) - Stocks were set for a higher open on Tuesday as the euro rose against the dollar and commodities prices climbed on optimism that new aid for Greece was on the horizon. | Full Article March home prices suffer double-dip setback May 31, 2011 09:26 AM ET NEW YORK (Reuters) - U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said on Tuesday. | Full Article Nokia warns of weaker sales, shares drop 15 percent May 31, 2011 09:21 AM ET HELSINKI (Reuters) - Mobile phone maker Nokia Oyj slashed its sales and profit outlook on Tuesday and scrapped forecasts for 2011 due to tumbling prices and intense competition, sending its shares crashing 15 percent. | Full Article Big investors urge hedge funds to open up May 31, 2011 09:03 AM ET BOSTON (Reuters) - Pension funds and endowments are sending hedge fund managers a friendly message -- let us sit in the front seat with you, please. | Full Article VW motors ahead with MAN-Scania truck merger plan May 31, 2011 07:34 AM ET FRANKFURT (Reuters) - German carmaker Volkswagen formally launched its bid for MAN on Tuesday, in a move toward creating Europe's biggest truckmaker. | Full Article HEALTH NEWS Smoking could kill 8 million a year by 2030: WHO Killer bacteria claims victims in Germany, Sweden More evidence that PTSD, heart disease linked Vaccine alliance seeks $3.7 bln from London meeting Stress doesn't raise risk of MS: study RELATED VIDEO India bus crash kills 24 Turks rally in memory of flotilla dead Record-breaking weather in Japan A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Full Article - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend