Senate panel kicks off climate bill drive
A Senate committee on Tuesday launches three long days of hearings on a Democratic climate bill in a bid to further convince an international summit in December that Washington is serious about tackling global warming. Read Full Article here.
Obama to give $3.4 billion in grants for smart grid
President Barack Obama on Tuesday will announce $3.4 billion in government grants to help build a smart electric grid that will save consumers money on their utility bills, reduce blackouts and carry power supplies generated by solar and wind energy, the White House said. Read Full Article here.
Intel CEO sees higher corporate PC spend in 2010
Intel Corp , the world's largest chipmaker, expects a rise in corporate spending on personal computers in 2010, Chief Executive Paul Otellini said on Tuesday. Read Full Article here.
U.S. welcomes yuan rise so far, wants more
The United States welcomes the rise in the yuan's exchange rate in recent years but wants the currency to climb further, visiting Commerce Secretary Gary Locke said on Tuesday. Read Full Article here.
BP beats forecasts on cost cuts
BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly. Read Full Article here.
Goldman Sachs says dark pools help investors
Anonymous trading venues known as dark pools are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission. Read Full Article here.
ING Industrial Fund to raise up to $641 mln
ING Industrial Fund plans to raise up to A$700 million ($641 million) in a fully underwritten rights issue of new shares, a source familiar with the transaction said on Tuesday. Read Full Article here.
Mobile Web usage surge continued in Sept: Opera
Global mobile data traffic continued to surge in September, Internet browser firm Opera said on Tuesday. Read Full Article here.
UBS looks to bolster U.S. unit with new head
UBS has appointed Merrill Lynch veteran Robert McCann to head its Americas wealth management unit in a bid to rebuild the franchise which has been battered by a damaging tax row. Read Full Article here.