U.S. Top News Early Edition: European banks buy bonds after $1 trillion rescue package

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Good Morning Aron, MON 10 May 2010    European banks buy bonds after $1 trillion rescue package Obama to nominate Kagan for Supreme Court Dozens die in Iraq as battered Qaeda shows strength Fannie Mae says long-term financial sustainability uncertain U.S. says Pakistani Taliban behind bomb attempt Oil spill solutions uncertain, slick spreads west UK parties says progress made on power-sharing Pakistani soldiers clash with Taliban, 40 dead Iran over decade away from anti-U.S. missile: study NYSE, Nasdaq halt bickering, pledge co-operation Efforts persist to contain oil spill IMF approves loan for Greece Netherlands parade honors WW2 vets European banks buy bonds after $1 trillion rescue package May 10, 2010 09:10 AM ET BRUSSELS (Reuters) - European central banks began buying euro zone government bonds under a $1 trillion global emergency rescue package agreed on Monday, sending the euro and European stocks and bonds surging on relieved markets. Full Article Obama to nominate Kagan for Supreme Court May 10, 2010 09:16 AM ET WASHINGTON (Reuters) - President Barack Obama was poised on Monday to nominate Solicitor General Elena Kagan for the Supreme Court, choosing a moderate who may not spur a damaging political fight in a congressional election year. Full Article Dozens die in Iraq as battered Qaeda shows strength May 10, 2010 09:21 AM ET BAGHDAD (Reuters) - Suicide bombers, car bombs and gunmen using silencers killed at least 66 people in Iraq on Monday after insurgents carried out a wave of assaults against markets, a factory car park and police and army checkpoints. Full Article Fannie Mae says long-term financial sustainability uncertain May 10, 2010 08:37 AM ET (Reuters) - Fannie Mae reported a net loss $13.1 billion on Monday and forecast weakness in the housing and mortgage markets to continue throughout 2010. Full Article U.S. says Pakistani Taliban behind bomb attempt May 10, 2010 08:21 AM ET WASHINGTON (Reuters) - The United States is convinced that a Pakistani Taliban group closely allied with al Qaeda was behind the attempted bombing in New York's Times Square, administration officials said on Sunday. Full Article Oil spill solutions uncertain, slick spreads west May 10, 2010 09:05 AM ET ROBERT, Louisiana (Reuters) - The huge slick from the Gulf of Mexico oil spill threatened Louisiana shores west of the Mississippi Delta on Monday as BP Plc said it was trying multiple options to control the leak, without being sure that they would work. Full Article UK parties says progress made on power-sharing May 10, 2010 09:24 AM ET LONDON (Reuters) - Britain's Conservatives and Liberal Democrats said they made progress on Monday at talks to reach a power-sharing deal after an inconclusive election that has left markets looking for a swift end to political deadlock. Full Article Pakistani soldiers clash with Taliban, 40 dead May 10, 2010 09:25 AM ET KALAYA, Pakistan (Reuters) - Ten soldiers and 30 Taliban militants were killed in a clash on Monday after militants ambushed a military search team in Pakistan's Orakzai region, a government official said. Full Article Iran over decade away from anti-U.S. missile: study May 10, 2010 08:27 AM ET LONDON (Reuters) - Iran is unlikely to be able to make a missile capable of hitting the U.S. east coast for more than a decade, according to a study by a London-based thinktank released on Monday. Full Article NYSE, Nasdaq halt bickering, pledge co-operation May 09, 2010 03:42 PM ET NEW YORK (Reuters) - The two largest U.S. stock exchange operators, NYSE Euronext and Nasdaq OMX Group, called a truce and issued a joint statement on Sunday, pledging to co-operate with each other and regulators to get to the bottom of last week's dramatic stock market plunge. Full Article

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