Obama renominates Bernanke as Fed chief
U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the U.S. economy is breaking free from a deep recession. Read Full Article here.
Dealer inventories, cash low as clunker program ends
Autodealer Cliff Johnson sold 70 vehicles under the government's cash-for-clunkers program, which offered rebates of up to $4,500 to trade in older gas guzzlers. Read Full Article here.
Investor charged in $74 million Citigroup fraud scheme
The U.S. attorney in New York on Tuesday charged a New York investor with a $74 million scheme to defraud Citigroup Inc. Read Full Article here.
Regulators prep defenses to survive bank crisis
U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors. Read Full Article here.
White House, CBO debt forecasts challenge Obama
The U.S. national debt will nearly double over the next 10 years, government forecasts showed on Tuesday, challenging President Barack Obama's economic and healthcare overhaul agenda. Read Full Article here.
Toyota to cut global capacity by 1 million vehicles: report
Toyota Motor Corp, the world's biggest automaker, will cut its global production capacity by 10 percent, or 1 million vehicles, the Nikkei business daily reported. Read Full Article here.