U.S. Top News Early Edition: Lawmakers agree on historic Wall Street reform at dawn

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Good Morning Aron, FRI 25 Jun 2010    Lawmakers agree on historic Wall Street reform at dawn G8 nations to take stock of development needs BP market losses hit $100 billion on spill cost fears Obama says shake-up won't disrupt Afghan war plan Congress OKs sanctions on Iran's energy, banks Floods slam Midwest, officials assess damage Illegal Sarah Palin defense fund must give back donations North Korea issues no-sail warning; missile eyed Canada police halt suspicious car near G20 summit site Brazil meet Portugal after Italy's shame Floods kill 365 in southern China Oliver Stone on South of the Border Jackson fans can visit burial site Lawmakers agree on historic Wall Street reform at dawn June 25, 2010 08:36 AM ET WASHINGTON (Reuters) - Lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital on Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit devoted to financial reform. Full Article G8 nations to take stock of development needs June 25, 2010 08:30 AM ET TORONTO (Reuters) - Rich countries came up short on fund-raising promises for poor nations and will meet on Friday to figure out how to direct aid resources at a time when their own budgets are squeezed. Full Article BP market losses hit $100 billion on spill cost fears June 25, 2010 08:34 AM ET LONDON/VENICE, Louisiana (Reuters) - BP Plc stock hit a 14-year low on Friday and its credit weakened sharply on talk it needs extra cash to fund the clean-up and compensation bill for the worst oil spill in U.S. history. Full Article Obama says shake-up won't disrupt Afghan war plan June 24, 2010 05:37 PM ET WASHINGTON (Reuters) - President Barack Obama said on Thursday his ouster of the top commander in Afghanistan would not disrupt strategy in a war that his defense chief acknowledged was progressing more slowly than expected. Full Article Congress OKs sanctions on Iran's energy, banks June 25, 2010 08:11 AM ET WASHINGTON (Reuters) - Congress on Thursday approved tough new unilateral sanctions aimed at squeezing Iran's energy and banking sectors, which could also hurt companies from other countries doing business with Tehran. Full Article Floods slam Midwest, officials assess damage June 24, 2010 05:27 PM ET KANSAS CITY (Reuters) - The worst of the flooding across the Midwest appeared to be subsiding on Thursday, but state officials from the Dakotas to Indiana remained on high alert and began assessing the damage already caused. Full Article Illegal Sarah Palin defense fund must give back donations June 25, 2010 08:16 AM ET ANCHORAGE (Reuters) - A legal defense fund for former Alaska Governor Sarah Palin was illegal and must repay nearly $400,000 to donors, according to a settlement with a state-appointed lawyer announced on Thursday. Full Article North Korea issues no-sail warning; missile eyed June 25, 2010 08:13 AM ET SEOUL (Reuters) - North Korea has issued a no-sail warning off the west coast of the Korean Peninsula in what South Korean officials said on Friday was likely part of routine military drills, amid heightened antagonism between the rivals. Full Article Canada police halt suspicious car near G20 summit site June 24, 2010 04:55 PM ET TORONTO (Reuters) - Canadian police said on Thursday they had pulled over a car containing "dangerous materials" near the site where an international summit will be held in Toronto this weekend. Full Article Brazil meet Portugal after Italy's shame June 25, 2010 07:09 AM ET JOHANNESBURG (Reuters) - Ousted champions Italy were torn by national grief on Friday after their stunning World Cup humiliation and fans in South Africa looked to an enticing Portugal v Brazil clash as an antidote to European woes. Full Article

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