U.S. Top News Early Edition: Europe said to accept temporary Greek default in rescue

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	07/21/2011
Good Morning Aron LATEST NEWS Europe said to accept temporary Greek default in rescue BRUSSELS (Reuters) - Europe is willing to let Greece default under a crisis response that would involve a bond buyback, a debt swap but no new tax on banks, EU sources said as euro zone leaders began a crucial emergency summit Thursday. | Full Article Jobless claims rise above expectations July 21, 2011 08:56 AM ET WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, pointing to a labor market that is struggling to regain momentum. | Full Article Express Scripts to buy Medco for $29 billion July 21, 2011 09:23 AM ET NEW YORK (Reuters) - Express Scripts Inc will buy rival Medco Health Solutions Inc for $29.1 billion to create a U.S. powerhouse in managing prescription drug benefits, the companies said. | Full Article Morgan Stanley stuns market with second-quarter beat July 21, 2011 09:12 AM ET NEW YORK (Reuters) - Morgan Stanley stunned investors with better-than-expected second-quarter results, outperforming Goldman Sachs and other rivals as it gained market share in tough trading conditions. | Full Article As default looms, pressure grows to end impasse July 21, 2011 08:45 AM ET WASHINGTON (Reuters) - The White House signaled on Wednesday it could support a short-term increase in the U.S. borrowing limit for "a few days" if lawmakers agreed to a broad deficit reduction deal but needed more time to pass it. | Full Article BUSINESS NEWS Stocks open up after Morgan Stanley results July 21, 2011 09:36 AM ET NEW YORK (Reuters) - Stocks opened higher on Thursday as better-than-expected results from Morgan Stanley lifted optimism over the battered financial sector. | Full Article Global slowdown signs strengthen, debt crisis weighs July 21, 2011 08:22 AM ET LONDON (Reuters) - Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy. | Full Article AT&T profit, subscriber growth beat expectations July 21, 2011 08:39 AM ET NEW YORK (Reuters) - AT&T Inc's second-quarter profit and revenue beat Wall Street estimates as it added more subscribers than expected despite losing exclusive U.S. rights to sell Apple Inc iPhone. | Full Article NY Times gains thousands of digital subscribers; revenue falls July 21, 2011 09:35 AM ET NEW YORK (Reuters) - The New York Times reported 224,000 digital subscribers in the second quarter to its flagship website, smartphone and tablet applications, up from more than 100,000 in April. | Full Article Moody's China red flag report under scrutiny by HK regulator July 21, 2011 06:52 AM ET SINGAPORE (Reuters) - Rating agency Moody's may face regulatory action in Hong Kong for publishing a report on corporate governance at Chinese companies that sent some of their share and bond prices spiraling. | Full Article HEALTH NEWS Lung problems found in Iraq, Afghanistan veterans Fewer people see heavy smoking as high risk: survey Benefit of MS drugs comes at steep price: study Offer women mammograms from age 40: doctor's group Special report: With Alzheimer's in the genes, when do you test? RELATED VIDEO Yao 'ok' with retirement EU leaders discuss second Greek bailout Euro zone leaders hold key meeting 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 Dog bites shark and goes viral Full Article Curiosity seekers in U.S. pay to spend night in jail Men who buy sex commit more crimes, U.S. study finds Fatter and fewer German nudists as numbers dwindle Man survives in trunk after car plunges into river Live mannequins in Milan shop window anger union - 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