U.S. Top News Early Edition: JPMorgan profit falls, but sees hope in economy

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	01/13/2012
Good Morning LATEST NEWS JPMorgan profit falls, but sees hope in economy (Reuters) - JPMorgan Chase & Co's fourth-quarter profit fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making, dragging down shares of the major U.S. banks. | Full Article Exclusive: TPG willing to invest $1 billion in Olympus January 13, 2012 08:12 AM ET TOKYO (Reuters) - Private equity firm TPG Capital is willing to invest about $1 billion in Japan's Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG's thinking said. | Full Article Italy bond auction fails to match Spanish success January 13, 2012 08:20 AM ET MILAN (Reuters) - Italy's three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months. | Full Article Taliban say Marine tape won't hurt Afghanistan talks January 13, 2012 09:05 AM ET KABUL/WASHINGTON (Reuters) - A video showing what appears to be American forces urinating on dead Taliban fighters prompted anger in Afghanistan and promises of a U.S. investigation on Thursday but the insurgent group said it would not harm nascent efforts to broker peace talks. | Full Article Tea Party may get rebuffed in tax cut showdown January 13, 2012 07:58 AM ET WASHINGTON (Reuters) - House Speaker John Boehner, hoping to spare fellow Republicans a second embarrassing defeat over payroll tax cuts, is prepared to navigate around rebellious Tea Party-aligned lawmakers to get a deal, according to congressional aides. | Full Article BUSINESS NEWS Reports of S&P euro zone cuts weigh on stock futures January 13, 2012 09:37 AM ET NEW YORK (Reuters) - Stocks were set to retreat from five-month highs at the open on Friday after reports that Standard & Poor's was set to downgrade the ratings on several euro zone countries. | Full Article S&P to cut some euro zone countries on Friday: source January 13, 2012 09:22 AM ET BERLIN (Reuters) - Credit rating agency Standard & Poor's is set to downgrade several euro zone countries, not including Germany, on Friday, a senior euro zone government source said. | Full Article November trade gap widens, biggest since June January 13, 2012 09:25 AM ET WASHINGTON (Reuters) - The trade deficit widened in November to its largest in five months, suggesting imports weighed on economic growth a bit more than expected during the fourth quarter. | Full Article Novartis cuts 2,000 U.S. jobs after drug setback January 13, 2012 07:57 AM ET ZURICH (Reuters) - Novartis AG plans to axe nearly 2,000 of its U.S. workforce ahead of the patent loss of top-selling blood pressure drug Diovan there and will take a $900 million charge after another of its key drugs failed to live up to expectations. | Full Article Greek debt swap talks end without deal January 13, 2012 09:17 AM ET ATHENS (Reuters) - Greece and its creditor banks, racing against the clock to reach an agreement to avert a disorderly bond default, packed up work without at deal on Friday but with more talks likely next week. | Full Article HEALTH NEWS China seeks to unlock secrets of herbs, roots Red wine-heart research slammed with fraud charges Walgreen sued for overcharging for generics Group seeks re-vote on birth control clot risk Rip Roarin' Crab Soup recalled over allergy worries RELATED VIDEO Tank attacked by Syrian insurgents in Homs Shi'ite Muslims flock to Kerbala Syrian activists camp on border 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 Modern trading killing off "barrow boy" market slang Full Article Sweden gives digital piracy advocate religion status "Rocket man" Kim Jong-il immortalized in North Korea Half-naked South Korean soldiers train for winter war Hospital rooms may be nearly as noisy as chainsaws: study - 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