Worst of the U.S. recession over: survey
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday. Read Full Article here.
Economy optimism, weak dollar lift stocks
Stocks advanced on Monday on a sign of renewed interest in initial public offerings and a weaker U.S. dollar that drove commodities prices higher, boosting energy and materials shares. Read Full Article here.
Carbon capture coal tech must be ready by 2019: U.S.
A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Read Full Article here.
FCC asks Google to explain how, why it blocks calls
U.S. regulators on Friday asked Google Inc to explain how the Internet giant's Voice service blocks expensive calls to some rural areas, after lawmakers demanded an investigation. Read Full Article here.
Arthur Levinson quits Google board amid govt scrutiny
Google said on Monday that Arthur Levinson had resigned from its board following increased regulatory scrutiny over his membership as a director of both the top Internet search company and Apple Inc. Read Full Article here.
White House blasts health insurance sector report
The White House Monday blasted a report from the health insurance industry that said Senate healthcare legislation would lead to increases in annual insurance premiums of as much as $4,000 by 2019. Read Full Article here.
Onyx to acquire private biotech for $276 mln
Onyx Pharmaceuticals Inc said on Monday it has agreed to buy Proteolix Inc, a privately held biotechnology company developing cancer drugs, for an upfront cash payment of $276 million. Read Full Article here.
Oracle beats IBM with Sun, CEO says in OpenWorld 2009
Oracle and Sun SPARC SOLARIS world record TPC-CpPerformance beats IBM's best results on DB2 with power 595 server, both companies announced during the opening keynote on Monday night at Oracle OpenWorld 2009 in San Francisco. Read Full Article here.
Blackstone to list up to 8 firms, sell 5 others: report
Private equity firm Blackstone Group LP is planning to list up to eight companies it owns and sell at least five others, the Financial Times said on Monday. Read Full Article here.