U.S. Top News Early Edition: Obama to tout financial overhaul as good for economy

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Good Morning Aron, WED 21 Jul 2010    Obama to tout financial overhaul as good for economy BP denies CEO leaving as it readies asset sales U.S. announces new sanctions against North Korea Tropical storm heads to China as flood toll hits 700 Scotland says no conspiracy over Lockerbie release California city approves marijuana farming At least 25 hurt in turbulence aboard United flight Financial system support up $700 billion in past year: watchdog UK troops may start leaving Afghanistan in 2011 Bond hearing set for ex-media mogul Conrad Black New sanctions for Nth Korea: Clinton Apple's amazing earnings Lohan heads to jail Obama to tout financial overhaul as good for economy July 21, 2010 06:08 AM ET WASHINGTON (Reuters) - President Barack Obama on Wednesday will tout the broader economic benefits of new consumer financial protections when he signs into law the most sweeping financial regulatory overhaul since the Great Depression. Full Article BP denies CEO leaving as it readies asset sales July 21, 2010 09:17 AM ET LONDON/HOUSTON (Reuters) - BP denied a report its embattled chief executive would leave soon, as it lined up $7 billion in asset sales to help pay for the worst oil spill in U.S. history, lifting its shares on Wednesday. Full Article U.S. announces new sanctions against North Korea July 21, 2010 09:29 AM ET SEOUL (Reuters) - The United States on Wednesday announced new sanctions against North Korea, targeted against its leadership, and warned of serious consequences if it again attacked the South. Full Article Tropical storm heads to China as flood toll hits 700 July 21, 2010 08:31 AM ET BEIJING (Reuters) - Southern China is bracing for its second powerful storm in less than a week, as the death toll from floods and landslides caused by torrential rain climbed beyond 700 with hundreds of others reported missing. Full Article Scotland says no conspiracy over Lockerbie release July 21, 2010 07:30 AM ET LONDON (Reuters) - Scotland's most senior politician said on Wednesday there was no conspiracy in his country's decision to release the Lockerbie bomber, following U.S. questions over oil company BP's influence on the process. Full Article California city approves marijuana farming July 21, 2010 08:09 AM ET OAKLAND, California (Reuters) - The city of Oakland, California on Tuesday legalized large-scale marijuana cultivation for medical use and will issue up to four permits for "industrial" cultivation starting next year. Full Article At least 25 hurt in turbulence aboard United flight July 20, 2010 11:37 PM ET DENVER (Reuters) - A wide-body United Airlines jet shaken by severe turbulence was diverted on Tuesday to Denver International Airport with at least 25 people injured on board, officials said. Full Article Financial system support up $700 billion in past year: watchdog July 21, 2010 12:34 AM ET WASHINGTON (Reuters) - Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday. Full Article UK troops may start leaving Afghanistan in 2011 July 21, 2010 05:03 AM ET WASHINGTON (Reuters) - Britain could start withdrawing troops from Afghanistan as early as next year, British Prime Minister David Cameron said on Wednesday. Full Article Bond hearing set for ex-media mogul Conrad Black July 21, 2010 08:13 AM ET CHICAGO (Reuters) - The federal judge who sentenced Conrad Black to 6 1/2 years in prison will set the terms of the former media mogul's release on bond on Wednesday morning, the judge's clerk said on Tuesday. Full Article

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