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Japan machinery orders show surprise rise but risks loom

Japan's core machinery orders rose unexpectedly in February, reinforcing expectations that rebuilding in the earthquake-battered northeast will bolster corporate spending and economic recovery although risks loom from a resurgent yen and wobbly overseas economies.

House to take up cybersecurity bill with revisions

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The U.S. House of Representatives will take up a cybersecurity bill at the end of April that lets the government and corporations share information about hacking attacks on U.S. networks, with amendments intended to ease civil liberties concerns, lawmakers said on Tuesday.

NY pushes objection to BofA $8.5 billion mortgage pact

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Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.
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Carlyle to sell 10 percent stake in IPO: source

Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday.
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Yahoo CEO sketches out new plan to jump-start growth

Yahoo Inc Chief Executive Scott Thompson outlined how the Internet pioneer will revive itself by putting in place a new structure to sharpen its focus on users, advertisers and overlooked areas such as commerce.
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As weather gets biblical, insurers go missing

As weather disasters strike with more frequency, homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
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Court rules Pfizer can face some asbestos suits

A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
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Fannie, Freddie loan write downs possible: regulator

The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the housing finance companies to write down loan principal under an Obama administration plan, but further study was needed.
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U.S. court rules Pfizer can face asbestos suits

A federal appellate court ruled on Tuesday that drugmaker Pfizer can face asbestos liability suits in state court over products once manufactured by a bankrupt subsidiary, dragging out a dispute that has already lasted more than 30 years.
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Ruling moves Tribune closer to bankruptcy exit

Tribune Co, the bankrupt publisher of the Chicago Tribune and Los Angeles Times, moved closer to ending its three-year bankruptcy after a judge resolved lingering disputes about the order in which noteholders should be repaid.
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February job openings rise to 3.5 million

The number of unemployed American workers for every job opening fell in February to its lowest since late 2008, pointing to ongoing healing in the still-weak labor market.
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Household debt casts long economic shadow: IMF

Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released on Tuesday by the International Monetary Fund.
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Best Buy CEO out; retailer hit by market change

Best Buy Co said Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters.
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Regulator: Fannie, Freddie loan writedowns possible

The regulator for Fannie Mae and Freddie Mac said on Tuesday it might make sense for the mortgage finance companies to write down mortgage loan principal under an Obama administration plan but that further study was needed.
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Best Buy CEO resigns

Best Buy Co said its Chief Executive Brian Dunn has resigned from the world's largest consumer electronics chain, as the company looks to please investors looking for change at the top.
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Wall Street set to cap string of losses

Wall Street stock indexes were mixed, pointing to a flat open on Tuesday as S&P 500 futures found support near their 50-day moving average, following four days of losses on the benchmark index.
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Stock futures flat after string of losses

Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
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Bourses play nice cop to head off speed-trade rules

The world's stock exchanges are trying to rein in some of the most controversial activities of high-speed trading firms, among their most valued clients, to help head off tough sanctions from regulators.
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Wells Fargo upgrades AIG on likely bailout exit

American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to outperform.
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Futures flat after string of losses

Stock index futures were little changed on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
iPhone 5

Tech Freaks Favorite Gadgets In 2012: Is It On Your Wishlist Too?

The year 2012, since starting has witnessed a plethora of innovative wireless technology launches in the category of smartphones and tablets including others as well. Hence, here is a list of top gadgets in the category of tablets and smatphones which have stolen the hearts of the technology freaks and definitely have a wow factor which can make you drool over them.
7. Belem, Brazil

Fastest-Growing Emerging Cities Of The World [PHOTOS]

The Knight Frank Wealth Report 2012 has marked seven cities as the world's fast-growing cities to watch in 2050, based on their potential for creating new market opportunities for local as well as global companies.
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China surprises with export-led March trade surplus

China returned to an export-led trade surplus of $5.35 billion in March, heralding the prospect that a rebound in the global economy is lifting overseas orders just in time to compensate for a slowdown in domestic demand.
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Futures tick up after string of losses

Stock index futures edged up on Tuesday as S&P 500 futures found support near their 50-day moving average following four days of losses on the benchmark index.
#1. Saudi Prince Alwaleed Bin Talal Alsaud - Net Worth  $18 B

Top 5 Richest Arabs: Forbes List Of Billionaires

Retaining his top position for the second consecutive year, Saudi prince Alwaleed Bin Talal Alsaud became the richest Arab in the world, followed by the Ethiopian-Saudi Investor Mohammad Al Amoudi, according to the Forbes list of billionaires.

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