Fwd: DAI: Bernanke hits Wall Street with reality check

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	07/14/2011
Good evening John LATEST NEWS Bernanke hits Wall Street with reality check NEW YORK (Reuters) - Stocks fell on Thursday as Fed Chairman Ben Bernanke backed off hints additional near-term stimulus could be on the way, removing a possible catalyst from a market already facing plenty of obstacles. | Full Article Google profit, revenue grow in second quarter July 14, 2011 04:32 PM ET SAN FRANCISCO (Reuters) - Google Inc leapt past Wall Street's profit and revenue expectations in the second quarter, even as spending by the Internet giant continued to rise. | Full Article Jobless claims fall, but retail sales timid July 14, 2011 02:54 PM ET WASHINGTON (Reuters) - The economy may not see a strong pick-up in growth in the second half of 2011 as the number of Americans filing for first-time jobless benefits remained high last week and retail sales barely rose in June. | Full Article Bernanke: Cutting too much too soon could hurt U.S. July 14, 2011 04:05 PM ET WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending in the short term could derail an already fragile recovery and said a U.S. debt default may wreak financial havoc. | Full Article UBS wins review of Madoff trustee's $2.6 billion suits July 14, 2011 04:34 PM ET NEW YORK (Reuters) - UBS AG won review by a Manhattan federal judge of $2.6 billion of lawsuits brought by the trustee liquidating Bernard Madoff's firm, at least the fourth time a bank has obtained access to that court. | Full Article US TOP NEWS Murdochs bow to pressure to attend UK parliament July 14, 2011 04:12 PM ET LONDON (Reuters) - Rupert Murdoch on Thursday caved in to pressure from Britain's parliament to answer questions over alleged crimes at one of his newspapers, setting up a showdown with lawmakers keen to break the media mogul's grip on politics. | Full Article Obama, lawmakers face fresh doubts on debt deal July 14, 2011 04:38 PM ET WASHINGTON (Reuters) - President Barack Obama and top Republicans faced growing pressure at home and abroad on Thursday to stop deficit talks from spiraling out of control and sending shockwaves through the global financial system. | Full Article FBI to probe News Corp 9/11 hacking allegations July 14, 2011 04:00 PM ET NEW YORK (Reuters) - The Federal Bureau of Investigation will investigate allegations that Rupert Murdoch's News Corp tried to hack into the phone records of victims of the September 11, 2001, attacks on the United States, the agency said on Thursday. | Full Article Moody's puts U.S. ratings on review for downgrade July 14, 2011 11:14 AM ET NEW YORK (Reuters) - The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country's legal borrowing limit and the government misses debt payments, Moody's Investors Service warned on Wednesday. | Full Article JPMorgan quarterly profit rises, loan book grows July 14, 2011 03:11 PM ET NEW YORK (Reuters) - JPMorgan Chase & Co posted a higher-than-expected jump in second-quarter profit as it wrote off fewer bad mortgages and credit card loans. | Full Article HEALTH NEWS 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 Are narrow blood vessels to blame in MS? FDA panel backs Seattle Genetics drug for lymphoma RELATED VIDEO Australia may review media laws New players enter voucher market New players enter voucher market 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