U.S. to push for new economic world order at G20
The United States wants world leaders to agree this week to launch a major rethink of the world economy in November as they try to strengthen the global economy after its near meltdown. Read Full Article here.
IRS extends tax amnesty deadline to October 15
Wealthy U.S. individuals with hidden offshore bank accounts will get an extra three weeks to participate in an amnesty program that could help them avoid criminal prosecution, U.S. tax officials said on Monday. Read Full Article here.
Dow, S&P fall on dollar rise; biotechs lift Nasdaq
The Dow and S&P 500 fell on Monday as a stronger U.S. dollar hurt energy and materials stocks, but the Nasdaq gained on strength in biotech share. Read Full Article here.
Dell to buy Perot Systems for $3.9 billion
Dell Inc plans to buy Perot Systems Corp for about $3.9 billion, paying a steep 67.5 percent premium to expand its technology services business and compete with Hewlett-Packard Co and IBM. Read Full Article here.
Lawmaker faults BofA's response to Merrill inquiry
A congressman accused Bank of America Corp of meeting his requests for information with volumes of irrelevant documents and has set a Monday deadline for more information, according to a letter obtained by Reuters. Read Full Article here.
Proposed FCC Web rule change draws wireless ire
U.S. phone companies may be forced to open their wireless networks to rival Internet services like Skype and Google Voice under a proposal brought out by the top telecom regulator to safeguard so-called Internet neutrality. Read Full Article here.
AOL sees capital structure plan by October
Web company AOL is a quarter of the way through discussions with parent Time Warner Inc about its capital structure ahead of its spinoff by year-end, Chief Executive Tim Armstrong said on Monday. Read Full Article here.
AIG shares rise as lawmaker eyes new bailout plan
Shares of government-controlled insurer American International Group Incrose Monday on hopes that the terms of its government bailout may be eased. Read Full Article here.
Electricity costs should rise to reflect demand: Chu
As the United States' power grid becomes more sophisticated, electricity rates will need to rise to reflect periods of intense energy use and to encourage consumers to change their electricity habits, U.S. Energy Secretary Steven Chu said on Monday. Read Full Article here.
JAL's lenders seek to carve out profitable operations
Japan Airlines Corp's lenders may approach the Japanese government for a drastic overhaul of the struggling air carrier, including a move to separate its profitable operations from money-losing segments, the Nikkei business daily reported without citing sources. Read Full Article here.