U.S. Top News Early Edition: G20 closes ranks but skims over toughest tasks

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Good Morning Aron, FRI 12 Nov 2010    G20 closes ranks but skims over toughest tasks Respite for Ireland, euro after sharp selloff Obama opposes permanent extension of tax cuts for rich Report cautions Obama on high cost of Afghan war Special Report: The two lives of Angela Merkel Bedraggled cruise passengers return to port South Korea upbeat on resolving U.S. trade deal soon Private banks keep hiring as rich get richer October foreclosures fall as processing stalls Rumors swirl in Myanmar over Suu Kyi release Chinese vase sells for $69m Dramatic rescue after ship sinks Elephant fight caught on camera G20 closes ranks but skims over toughest tasks November 12, 2010 07:59 AM ET SEOUL (Reuters) - G20 leaders closed ranks on Friday and agreed to a watered-down commitment to watch out for dangerous imbalances, yet offered investors little proof that the world was any safer from economic catastrophe. Full Article Respite for Ireland, euro after sharp selloff November 12, 2010 08:50 AM ET DUBLIN (Reuters) - Market pressure on Ireland and other euro zone states eased and the single currency made up ground on Friday after Europe reassured bondholders they would not be forced to take a hit in the event of a new bailout in the bloc. Full Article Obama opposes permanent extension of tax cuts for rich November 12, 2010 07:33 AM ET SEOUL (Reuters) - President Barack Obama said on Friday he does not want to permanently extend tax cuts for the wealthiest Americans, sending another signal he is willing to forge some sort of compromise with newly emboldened Republicans to win an extension for the middle class. Full Article Report cautions Obama on high cost of Afghan war November 12, 2010 07:36 AM ET WASHINGTON (Reuters) - An independent task force cautioned President Barack Obama on Friday about the high cost of the Afghanistan war and said he should consider a narrow military mission if his December review finds the current strategy is not working. Full Article Special Report: The two lives of Angela Merkel November 12, 2010 06:59 AM ET BERLIN (Reuters) - German conservative party headquarters is rocking. To the heavy thud of AC/DC, hundreds of young party members throng the foyer of Konrad Adenauer House in Berlin waving posters and talking over the music. Full Article Bedraggled cruise passengers return to port November 11, 2010 09:07 PM ET SAN DIEGO (Reuters) - The cruise ship stranded off Mexico this week by an engine fire limped back into port under tow on Thursday with 3,300 passengers bedraggled by three days at sea without hot water, air conditioning or cooked meals. Full Article South Korea upbeat on resolving U.S. trade deal soon November 12, 2010 07:10 AM ET SEOUL (Reuters) - South Korean officials struck an upbeat note on Friday that discussions to iron out U.S. concerns about a free trade deal they signed three years ago would conclude soon despite missing a deadline set by their leaders. Full Article Private banks keep hiring as rich get richer November 12, 2010 06:08 AM ET LONDON (Reuters) - Private banks will sharply expand headcount in coming years to capitalize on the growing number of wealthy individuals in Asia, dismissing concerns that aggressive hiring is out of sync with a tentative recovery in revenues. Full Article October foreclosures fall as processing stalls November 11, 2010 12:07 PM ET WASHINGTON (Reuters) - The number of U.S. homes taken over by banks fell 9 percent in October as foreclosure processing was stalled by questionable paperwork, real estate data company RealtyTrac said on Thursday. Full Article Rumors swirl in Myanmar over Suu Kyi release November 12, 2010 09:00 AM ET YANGON (Reuters) - Rumor and speculation about the imminent release of Nobel laureate Aung San Suu Kyi swept across Myanmar on Friday but there was no word from the country's secretive military rulers about whether she would be freed. Full Article

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