U.S. Top News Early Edition: News Corp withdraws bid for BSkyB

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	07/13/2011
Good Morning Aron LATEST NEWS News Corp withdraws bid for BSkyB London (Reuters) - News Corp has withdrawn its $12 billion bid to buy out the 61 percent of broadcaster BSkyB it does not already own after the government turned on Rupert Murdoch over a phone hacking scandal. | Full Article China quarterly growth tops forecast, boosts inflation fight July 13, 2011 07:51 AM ET BEIJING (Reuters) - China's economy grew faster than expected in the second quarter, easing fears of a hard landing and strengthening Beijing's resolve to fight persistently high inflation. | Full Article Germany digs in heels over Friday summit on Greece July 13, 2011 09:31 AM ET BRUSSELS/BERLIN (Reuters) - Euro zone plans for a leaders' summit on a second Greek rescue were thrown into doubt by Germany on Wednesday, raising fears markets may exploit a policy vacuum with a new onslaught on the bloc's high debtors. | Full Article Bernanke to face grilling on jobs, debt, Europe July 13, 2011 09:17 AM ET WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday to testify about the sputtering U.S. recovery, but may have to spend much of his time convincing a stubborn Congress to raise the debt ceiling. | Full Article Obama warns on debt, deal elusive after talks July 13, 2011 09:07 AM ET WASHINGTON (Reuters) - President Barack Obama warned on Tuesday that elderly Americans could suffer first from a debt default, raising pressure on lawmakers as prospects for a deal to lift the debt ceiling appeared far from reach. | Full Article BUSINESS NEWS Wall Street to get lift from China growth July 13, 2011 08:37 AM ET NEW YORK (Reuters) - Stock index futures rebounded on Wednesday from three days of losses on stronger-than-expected growth in China, but investors closely watched developments in Europe's debt crisis. | Full Article Dodd-Frank roll-back a risk to economy: Treasury July 13, 2011 09:09 AM ET WASHINGTON (Reuters) - The law overhauling the financial system should continue to protect the economy in the future despite any challenges it's faced in its first year of existence, a top Treasury official said on Wednesday. | Full Article Kinetic Concepts to go private for about $5 billion July 13, 2011 08:33 AM ET Bangalore (Reuters) - Medical device maker Kinetic Concepts Inc said it would go private in a nearly $5 billion cash deal with a consortium of private equity firm Apax Partners and two Canadian pension firms. | Full Article June import prices post first decline in a year July 13, 2011 09:04 AM ET WASHINGTON (Reuters) - Import prices fell in June for the first time in a year as petroleum and food costs tumbled, according to a government report on Wednesday that suggested the commodity-driven spike in inflation was abating. | Full Article Allstate sees $2.3 billion hit from catastrophes in Q2 July 13, 2011 08:53 AM ET Bangalore (Reuters) - Allstate Corp , the largest publicly traded U.S. home and auto insurer, said it sees pre-tax catastrophe losses of $2.3 billion for its latest second quarter. | Full Article HEALTH NEWS Once-daily AIDS pill can slash HIV infection risk American men with cancer more likely to die than women Trial size may limit use of Seattle Genetics drug FDA proposes targeted drug testing guidelines Kids respond better to early "lazy eye" treatment RELATED VIDEO Koreas in talks over seized assets Afghan president buries slain brother Assange arrives at court 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 Rock musician uses cell phone stickup note in robbery Full Article Police nab runaway elephants at bus stop Free online shopping briefly delights customers Lawyer sentenced for shooting fellow hunter City requires armed guards at some restaurants - 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