No need for second U.S. fiscal stimulus package: survey
The U.S. economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released on Monday. Read Full Article here.
As hybrid cars gobble rare metals, shortage looms
The Prius hybrid automobile is popular for its fuel efficiency, but its electric motor and battery guzzle rare earth metals, a little-known class of elements found in a wide range of gadgets and consumer goods. Read Full Article here.
Fed's Dudley: early to mull curbing security purchases
New York Federal Reserve President William Dudley said on Monday it is too early to talk about curtailing the central bank's long-term security purchases while the economic recovery is fragile. Read Full Article here.
AMD ships lower power server chip
Advanced Micro Devices Inc ships a lower-power version of its Opteron server chip on Monday as it tries to expand its offerings for Web hosting companies. Read Full Article here.
Tribune may exit bankruptcy this fall: report
Bankrupt U.S. media group Tribune Co could emerge from bankruptcy in the autumn without a major overhaul of its present top management, the New York Times said, citing people briefed on the restructuring plans. Read Full Article here.
U.S. Capital Group takes 4.4 percent UBS stake
U.S. investor Capital Group Companies has taken a 4.38 percent stake in Switzerland's UBS , an announcement on the Swiss stock exchange website from Saturday showed. Read Full Article here.