Bernanke's back but Obama can still shape Fed
President Barack Obama will be able to put his stamp on the Federal Reserve with appointments for perhaps as many as four seats on the central bank's board in coming months, even though he emphasized continuity in tapping Ben Bernanke for another term as chairman last month. Read Full Article here.
Obama to make case for big healthcare changes
President Barack Obama takes on the bitter healthcare reform debate on Wednesday with a high-stakes speech to the U.S. Congress on his top domestic policy priority. Read Full Article here.
Oil prices hover near $71 as OPEC gathers
Oil prices hovered above $71 a barrel on Wednesday, after rising more than $3 the previous day, as OPEC ministers were expected at their meeting in Vienna to maintain official output unchanged. Read Full Article here.
Palm unveils Pixi phone, may be overshadowed by rivals
Palm Inc on Wednesday announced a lower-priced smartphone in the same family as its popular Palm Pre smartphone, although the move may be overshadowed by rival product launches by Motorola Inc and Apple Inc. Read Full Article here.
Asian social networking sites profit from virtual money
By selling an array of virtual products from avatar clothes to e-furniture, Asia's social networking sites appear to have solved the conundrum of how to leverage big profits from their extensive user bases. Read Full Article here.
Beatles re-mastered CDs, video game launched
Fans of the Beatles queued on Wednesday to buy the band's collected works on a new set of discs and get their hands on an animated video game featuring some of the Fab Four's greatest hits. Read Full Article here.
McDonald's same-store sales up 2.2 percent
McDonald's Corp said on Wednesday that sales at restaurants worldwide open at least 13 months rose 2.2 percent in August as the hamburger chain's new McCafe coffee drinks perked up results. Read Full Article here.
EMC to invest $1.5 bln in India over 5 years
EMC Corp the world's top data storage equipment maker, said on Wednesday it planned to invest $1.5 billion in India over the next five years to mainly expand its research and development infrastructure. Read Full Article here.