U.S. Top News Early Edition: BofA in settlement with Fannie Mae, Freddie Mac

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	01/3/2011
Good Morning Aron LATEST NEWS BofA in settlement with Fannie Mae, Freddie Mac CHARLOTTE, North Carolina (Reuters) - Bank of America Corp said it agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans. | Full Article Obama aide: Debt limit fight could be "catastrophic" January 03, 2011 04:45 AM ET WASHINGTON (Reuters) - A fight over the budget loomed on Sunday as a top aide to President Barack Obama warned of catastrophic consequences if Republicans follow through on threats to reject an increase in the nation's borrowing limit. | Full Article Apple woes continue as some oversleep in Asia and Europe January 03, 2011 05:42 AM ET HONG KONG/HELSINKI (Reuters) - Some iPhone users in Asia and Europe complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday. | Full Article China will continue to buy Spanish debt: vice premier January 03, 2011 08:28 AM ET MADRID (Reuters) - Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday. | Full Article AIG stock could drop as government sells off: report January 03, 2011 09:15 AM ET NEW YORK (Reuters) - Shares in American International Group (AIG) could drop this year as the U.S. government sells stock it owns in the insurer, Barron's reported on Sunday. | Full Article BUSINESS NEWS Wall Street to open up China PMI, January effect January 03, 2011 09:20 AM ET NEW YORK (Reuters) - U.S. stocks were set for a higher open on Monday as returning investors bet a 2010 rally would continue in the new year and Chinese factory inflation data tempered concerns over increased monetary tightening. | Full Article U.S. jobs trickle in. Whither workers? January 03, 2011 09:12 AM ET WASHINGTON (Reuters) - U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high. | Full Article Barnes & Noble says holiday same-store sales up 9.7 percent January 03, 2011 09:26 AM ET NEW YORK (Reuters) - Barnes & Noble Inc reported strong preliminary holiday results at its superstores, led by the popularity of its Nook e-readers. | Full Article Goldman, Digital Sky Technologies invest in Facebook: report January 03, 2011 01:41 AM ET BANGALORE (Reuters) - Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, the New York Times reported citing people involved in the transaction. | Full Article Asia factory output powers ahead but inflation worries January 03, 2011 04:08 AM ET MUMBAI (Reuters) - Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies. | Full Article HEALTH NEWS Britain unveils industry-backed healthy-eating plan Eating lots of red meat ups women's stroke risk Sleep apnea device eases fatigue in three weeks Family history of alcoholism raises obesity risk Pregnant women often deny smoking RELATED VIDEO NATO: Afghan casualties up in 2010 Aid caravan arrives in Gaza South Korea's door open for dialogue A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Words "viral" and "epic" consigned to college trash Full Article - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend