U.S. Top News Early Edition: Jobless claims fall, raise optimism for recovery

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Good Morning Aron, THU 29 Jul 2010    Jobless claims fall, raise optimism for recovery BP aims for quick well kill China urges change in U.S. policy to avoid friction Afghan president asks why allies won't act on Pakistan Key parts of Arizona anti-immigration law blocked Foreclosures up in 75 percent of top U.S. metro areas Suspected Nazi guard charged over 430,000 killings Toyota says to recall 412,000 cars in the U.S. Schwarzenegger declares California fiscal emergency Amazon offers $139 wireless Kindle for mass appeal Economy slowing in some areas -Fed Arizona to appeal block on law Jordan River pollution fears Jobless claims fall, raise optimism for recovery July 29, 2010 09:15 AM ET WASHINGTON (Reuters) - New U.S. claims for unemployment benefits fell slightly more than expected last week, offering a ray of hope for the anemic labor market recovery. Full Article BP aims for quick well kill July 29, 2010 08:19 AM ET HOUSTON/MIAMI (Reuters) - BP may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs. Full Article China urges change in U.S. policy to avoid friction July 29, 2010 07:45 AM ET BEIJING (Reuters) - The United States should alter policy to take account of China's role as a major player on the world stage if it wants to avoid friction and instability, a major state newspaper said on Thursday. Full Article Afghan president asks why allies won't act on Pakistan July 29, 2010 09:22 AM ET KABUL (Reuters) - Afghan President Hamid Karzai questioned on Thursday the willingness of his Western allies to strike insurgent bases in Pakistan given the strong evidence of Islamabad's support for the Taliban. Full Article Key parts of Arizona anti-immigration law blocked July 29, 2010 09:07 AM ET PHOENIX (Reuters) - A U.S. judge on Wednesday blocked key parts of Arizona's tough new immigration law hours before it was to take effect, handing a victory to the Obama administration as it tries to take control of the issue. Full Article Foreclosures up in 75 percent of top U.S. metro areas July 29, 2010 07:48 AM ET NEW YORK (Reuters) - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Full Article Suspected Nazi guard charged over 430,000 killings July 29, 2010 08:22 AM ET BERLIN (Reuters) - Prosecutors in Germany have charged a suspected Nazi camp guard with helping to kill 430,000 Jews in the Holocaust and personally shooting 10 others. Full Article Toyota says to recall 412,000 cars in the U.S. July 29, 2010 07:49 AM ET TOKYO (Reuters) - Japan's Toyota Motor Corp said on Thursday it would recall 412,000 high-end passenger cars in the United States to fix steering problems. Full Article Schwarzenegger declares California fiscal emergency July 28, 2010 05:55 PM ET SAN FRANCISCO (Reuters) - California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall. Full Article Amazon offers $139 wireless Kindle for mass appeal July 28, 2010 11:58 PM ET SEATTLE (Reuters) - Amazon.com launched a cheaper, wireless-only Kindle on Wednesday, betting that the $139 price will turn its latest electronic reader into a mass-appeal device as Apple Inc's iPad gains ground. Full Article

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