U.S. Top News Early Edition: Payrolls rise 103,000 in December, jobless rate falls

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	01/7/2011
Good Morning Aron LATEST NEWS Payrolls rise 103,000 in December, jobless rate falls WASHINGTON (Reuters) - The economy created far fewer jobs than expected in December, suggesting the Federal Reserve will complete its asset buying program, but the unemployment rate dropped to its lowest in more than 1-1/2 years. | Full Article U.S. aims to cut defense budget and slash troops January 07, 2011 01:05 AM ET WASHINGTON (Reuters) - The United States plans to cut $78 billion in defense spending over five years, including a reduction of up to 47,000 troops, in a politically contentious move that would trim the government's growing budget deficit. | Full Article Bernanke to face Senate skeptical of Fed policy January 07, 2011 08:25 AM ET WASHINGTON (Reuters) - Ben Bernanke will not get an easy pass from U.S. lawmakers on Friday as the Federal Reserve chairman delivers his first congressional testimony since the central bank launched a controversial bond-buying policy. | Full Article SEC probes California over Calpers: report January 07, 2011 08:45 AM ET (Reuters) - The U.S. securities regulator is examining whether the state of California violated securities laws by failing to disclose the risks attached to its public pension fund, the New York Times reported, citing a person with knowledge of the investigation. | Full Article Obama names JPMorgan's Daley as top aide January 06, 2011 05:20 PM ET WASHINGTON (Reuters) - President Barack Obama on Thursday named JPMorgan Chase executive William Daley as his chief of staff, bringing a politically seasoned businessman into the White House to help trigger job growth as he grapples with resurgent Republicans. | Full Article BUSINESS NEWS Wall Street opens flat after payrolls data January 07, 2011 09:37 AM ET NEW YORK (Reuters) - Wall Street opened flat on Friday after a mixed U.S. payrolls report failed to confirm heightened expectations of a healing labor market. | Full Article Best Buy same-store sales drop less than feared January 07, 2011 09:14 AM ET DETROIT (Reuters) - Top U.S. consumer electronics chain Best Buy Co's December same-store sales fell, but not as sharply as some analysts had feared after a previously reported drop in market share. | Full Article China OKs JPMorgan, Morgan Stanley joint ventures January 07, 2011 09:02 AM ET HONG KONG (Reuters) - Chinese securities regulators on Friday approved the joint ventures of J.P. Morgan Chase & Co and Morgan Stanley , bringing the banks a step closer toward operating securities businesses in China that they, and other banks, have long sought. | Full Article PREVIEW-Alcoa Q4 profit seen strong on rising demand January 07, 2011 09:30 AM ET NEW YORK (Reuters) - The aluminum industry has struggled for two years since the recession, but demand and prices have started to rise and one of the metal's biggest producers, Alcoa Inc , is poised to start growing in profitability, analysts say. | Full Article Starbucks: Kraft interfering with grocery transition January 07, 2011 12:46 AM ET LOS ANGELES (Reuters) - Starbucks Corp told a federal judge it gave Kraft Foods Inc ample warning of its plans to end their grocery partnership and that the food maker is now standing in the way of an orderly break-up. | Full Article HEALTH NEWS Circumcision helps stop wart virus, study finds Autism-vaccine researcher a "fraud": medical journal Newer antipsychotics overused, U.S. study suggests Parents demand answers in China lead poisoning Republican bid to scrap healthcare hits snag RELATED VIDEO Violence erupts in Algeria protest Cambodia marks fall of Khmer Rouge More rains to pound Australia 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 Penguin in zoo strolls into lions' den Full Article Spilled drink in cockpit leads to hijacking alert Pennsylvania police to halt profanity citations Pet lovers hope to get new law on wills Could the days of the British "pint" be numbered? - 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