Obama to renominate Bernanke as Fed chief
U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy out of its deepest downturn since the Great Depression. Read Full Article here.
GM may make Opel plans clear within 24 hours: union
General Motors may make clear within the next 24 hours whether it wants to keep its European carmaker Opel rather than sell it, a German labor representative said on Tuesday. Read Full Article here.
UK proposes cutting Web access to file sharers
Repeat offenders who persist in illegally downloading music from file-sharing sites such as Limewire could be blocked from accessing the Web under British government proposals issued on Tuesday. Read Full Article here.
Netbook pioneer Asustek eyes recovery; bets on China
Taiwan's Asustek is pinning its recovery hopes on emerging markets such as China as the pioneer of netbooks struggles to compete with bigger rivals such as Hewlett-Packard and Acer. Read Full Article here.
Volcker: Money funds weaken financial system
Money-market mutual funds undermine the strength of the U.S. financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview. Read Full Article here.
U.S. needs climate law before Copenhagen: officials
The United States needs to have a climate change law in place before international talks on a climate pact begin in December, two top Obama administration officials said on Monday. Read Full Article here.
Burger King profit rises
Burger King Holdings reported a higher quarterly profit on Tuesday, helped by lower costs for food and paper, but sales suffered as consumers ate out less to save money. Read Full Article here.