Business Today: Wall Street rollercoaster set for worst week in year

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	07/15/2011
Good Morning Aron LATEST NEWS Wall Street rollercoaster set for worst week in year NEW YORK (Reuters) - Wall Street was heading for its worst week in nearly a year, with index futures little changed on Friday as macroeconomic concerns keep markets volatile and overshadow the start of U.S. corporate earnings season. | Full Article Murdoch aide Brooks quits as head of UK newspapers July 15, 2011 08:34 AM ET LONDON (Reuters) - Rebekah Brooks resigned as chief executive of News International on Friday, yielding to political and investor pressure over a phone hacking scandal that has shaken Rupert Murdoch's media empire on both sides of the Atlantic. | Full Article Europe's banks brace for clutch of health test failures July 15, 2011 07:18 AM ET LONDON (Reuters) - A health check of European banks is expected to show that as many as 15 lenders need more capital to withstand a prolonged recession, with criticism growing that the tests do not encompass the impact of a Greek default. | Full Article Citi quarterly profit rises July 15, 2011 08:37 AM ET NEW YORK (Reuters) - Citigroup Inc's second-quarter profit rose 24 percent to $3.3 billion as the bank lost less money on bad loans. | Full Article S&P warns of downgrade if no debt deal reached July 15, 2011 08:27 AM ET SYDNEY (Reuters) - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized AAA credit rating if a deal on raising the government's debt ceiling is not agreed soon. | Full Article US TOP NEWS Icahn offers to buy Clorox in $10.2 billion deal July 15, 2011 08:29 AM ET BANGALORE (Reuters) - Billionaire investor Carl Icahn offered to buy Clorox Co in a $10.2 billion deal, but also invited the household products maker to solicit rival bids, which he said would yield much higher offers for the company. | Full Article Exclusive: TSMC to make new Apple chips on trial July 15, 2011 05:29 AM ET TAIPEI (Reuters) - Taiwan's TSMC has begun trial manufacturing of next generation chips for Apple Inc's mobile devices, a source with knowledge of the matter said on Friday, in a sign that the iPad maker is shifting from its traditional chip supplier, Samsung Electronics. | Full Article Exclusive: Germany, Italy resist second IEA oil release July 15, 2011 07:30 AM ET PARIS (Reuters) - Germany and Italy are expected to oppose a second release of emergency oil reserves by the International Energy Agency, which needs the backing of all 28 of its members if it is to pour more oil on a volatile crude market. | Full Article U.S. drawdown begins in Afghanistan July 15, 2011 07:46 AM ET KABUL (Reuters) - The first U.S. troops have left Afghanistan as part of President Barack Obama's planned drawdown of about a third of the 100,000 U.S. forces there during the next year. | Full Article Obama pauses debt talks, lawmakers weigh options July 15, 2011 07:26 AM ET WASHINGTON (Reuters) - President Barack Obama suspended budget negotiations for the day Friday to give congressional leaders a chance to come up with a "plan of action" on how to unblock talks meant to cut deficits and avert a debt default. | Full Article HEALTH NEWS Ad hoc efforts help cut U.S. healthcare costs Vitamin C from food tied to lower cataract risk Do tea, coffee drinkers have lower "superbug" risk? Flu vaccine production to double by 2015, WHO says Vitamin A may not prevent asthma: study RELATED VIDEO Asia : Week Ahead Breakingviews: BHP must drill deep to justify $12 bln deal Inside the News: Risk appetite curbed ahead of stress tests 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 JetBlue offers $4 L.A.-area "Carmageddon" flights Full Article Cuddling, caressing more important for men: study Earliest Austen manuscript fetches $1.6 million Sister Wives family to challenge Utah polygamy laws Sisters sue cemetery over grave mix-up Calif. woman charged with torture in severed penis case - 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