U.S. Top News Early Edition: Republicans race to revive debt plan

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	07/29/2011
Good Morning Aron LATEST NEWS Republicans race to revive debt plan WASHINGTON (Reuters) - Republican leaders scrambled on Friday to rescue their budget deficit-cutting plan after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default. | Full Article Weak growth raises concerns on economy July 29, 2011 09:09 AM ET WASHINGTON (Reuters) - The U.S. economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose. | Full Article Moody's threatens Spain rating cut July 29, 2011 08:38 AM ET MADRID (Reuters) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis. | Full Article Libyan rebels say military chief killed July 29, 2011 09:15 AM ET BENGHAZI/NALUT, Libya (Reuters) - Libya's rebels said their military commander was shot dead in an incident that was shrouded in mystery, pointing either to factional infighting within the movement trying to oust Muammar Gaddafi or to an assassination by Gaddafi loyalists. | Full Article Special report: Is Israel Inc. too powerful? July 29, 2011 07:39 AM ET TEL AVIV (Reuters) - It took a two week-long cottage cheese rebellion to get Israelis to question the power of the country's tycoons. | Full Article BUSINESS NEWS Wall Street opens 1 percent lower on debt concerns July 29, 2011 09:36 AM ET NEW YORK (Reuters) - U.S. stocks opened 1 percent lower and were on track to post their worst weekly losses in nearly a year on Friday after data showed meager growth in the economy while a setback in Washington over a debt deal kept investors nervous. | Full Article Chevron profit jumps on strong oil price July 29, 2011 09:35 AM ET NEW YORK (Reuters) - Chevron Corp, the second-largest U.S. oil company, reported a 43 percent jump in quarterly profit on Friday, beating Wall Street forecasts as high oil prices and fat refinery margins offset a drop in its oil output. | Full Article BSkyB dishes out $1.6 billion to calm investors July 29, 2011 08:50 AM ET LONDON (Reuters) - BSkyB will hand out 1 billion pounds ($1.6 billion) to placate investors who lost out when public fury over a hacking and police corruption scandal forced News Corp to drop its bid for the satellite broadcaster. | Full Article Oil majors Total and Eni hit by weak dollar, Libya July 29, 2011 08:15 AM ET PARIS/MILAN (Reuters) - French and Italian oil majors Total SA and Eni SpA reported lower second-quarter profits on Friday, reflecting dollar weakness and production outages partly due to fighting in Libya which shut some fields. | Full Article Merck to slash jobs in cost-savings drive July 29, 2011 09:03 AM ET NEW YORK (Reuters) - Merck & Co plans to slash thousands more jobs by late 2015 to wring out an additional $1.5 billion in annual cost savings. | Full Article HEALTH NEWS Screening has little impact on breast cancer deaths: study Flu "super antibody" may bring universal shot closer Can vitamins help boost your memory? Women who eat lots of fiber have less breast cancer No clear link between statins and kidney cancer RELATED VIDEO Norway survivor glad to be alive Memorial for Norway's victims Anti-Japan demo in South Korea 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 Germans brew more beer for first time since 2007 Full Article Hordes of bats delight Texas city residents Man guilty of assault for spilling drink on Zuma Woman faces trial for fake testicles U.S. man operates on himself with butter knife Jail guard guilty of serving up hacksaw blade - 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