U.S. Top News Early Edition: GM $13 billion IPO to cut Treasury stake to 43 percent

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Good Morning Aron, THU 04 Nov 2010    GM $13 billion IPO to cut Treasury stake to 43 percent Fed takes bold, risky step to bolster weak economy Republicans vow to roll back Obama agenda Qantas grounds giant A380s after emergency landing Greek police detonate bomb sent to French embassy China says consensus in U.S. is for good China ties Iran arrests "UK-linked terrorists": report Obama India's visit may be more style than substance U.S. border cops find massive Mexico drug tunnel Special Report: Frappuccino flippers? Airliner in Indonesia engine drama Merapi unleashes biggest eruption Al Qaeda 'bomb maker' video GM $13 billion IPO to cut Treasury stake to 43 percent November 04, 2010 08:02 AM ET NEW YORK (Reuters) - General Motors on Wednesday finalized terms for a stock offering of about $13 billion to repay a controversial taxpayer-funded bailout and reduce the Treasury to a minority shareholder. Full Article Fed takes bold, risky step to bolster weak economy November 04, 2010 09:13 AM ET WASHINGTON (Reuters) - The Federal Reserve launched a fresh effort to support a struggling U.S. economy on Wednesday, committing to buy $600 billion in government bonds despite concerns the program could do more harm than good. Full Article Republicans vow to roll back Obama agenda November 04, 2010 08:00 AM ET WASHINGTON (Reuters) - Exuberant Republicans vowed on Wednesday to exercise their new power in Congress to roll back some of President Barack Obama's key accomplishments, but a somber Obama said voters wanted both parties to work harder to find common ground. Full Article Qantas grounds giant A380s after emergency landing November 04, 2010 09:16 AM ET SINGAPORE (Reuters) - Qantas Airways suspended flights of its Airbus A380 fleet on Thursday after engine failure triggered an emergency landing in Singapore, one of the most serious incidents for the world's largest passenger plane in three years of commercial flight. Full Article Greek police detonate bomb sent to French embassy November 04, 2010 08:43 AM ET ATHENS (Reuters) - Greek police detonated a parcel bomb on Thursday addressed to the French embassy in Athens and were investigating others packages at a courier company in a city suburb. Full Article China says consensus in U.S. is for good China ties November 04, 2010 08:20 AM ET BEIJING (Reuters) - The consensus for both major U.S. political parties is to maintain good relations with China, the Chinese Foreign Ministry said on Thursday in the country's first official response to this week's mid-term U.S. elections. Full Article Iran arrests "UK-linked terrorists": report November 04, 2010 09:16 AM ET TEHRAN (Reuters) - Iranian authorities have arrested four people they say were paid by a Kurdish militant based in Britain to carry out assassinations, state-run Press TV reported on Thursday. Full Article Obama India's visit may be more style than substance November 04, 2010 08:06 AM ET NEW DELHI (Reuters) - A weakened President Barack Obama visits India this week to counter perceptions he has relegated the Asian power behind rivals China and Pakistan, but he may struggle to seal deals to help usher in billions of dollars of business. Full Article U.S. border cops find massive Mexico drug tunnel November 04, 2010 09:10 AM ET SAN DIEGO, California (Reuters) - U.S. border police have found a sophisticated drug smugglers' tunnel the length of six football fields linking Southern California with Mexico and arrested two people, authorities said on Wednesday. Full Article Special Report: Frappuccino flippers? November 04, 2010 08:56 AM ET LOS ANGELES (Reuters) - Four years ago, generous benefits and opportunities for advancement convinced Leigh Swanson to use her new master's degree in human resources to manage a Starbucks cafe. She called it one of the best workplaces she had ever experienced. Full Article

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