UNITED STATES

Oil rallies ahead of quarter end

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Oil prices rose over $2 on Thursday, led by Brent which was heading for its second biggest quarterly rise, touching $117.70 a barrel as Middle East supply worries led concerns.
Senate Majority Leader Harry Reid (D-NV)

Senate, House Make 'Good Progress' on Budget to Avoid Shutdown

Teams from the Senate and House negotiating a six-month federal budget deal for the remainder of the fiscal year are making 'good progress' even as the rhetorical battle among Republican and Democratic Party leaders rages in a bid to avoid an April 8 shutdown.
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Size Zero obsession goes global as stimatization of fat spreads from West across cultures

Size Zero obsession goes global

Indicating the distressing trend of size zero has gone global, a new research has found how stigmatization of fat and obesity has spread from western countries across more accepting cultures.
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Global stocks set for 3rd quarterly gain

World stocks climbed to a new three-week high on Thursday and the euro inched higher ahead of the publication of Irish bank stress tests aimed at capping one of the major risks in Europe's debt crisis.
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Judge dismisses pension funds' lawsuit against Freddie Mac

A U.S. federal judge dismissed a lawsuit filed by a group of pension funds against Freddie Mac that claimed the mortgage finance giant had materially misrepresented its exposure to risky mortgage products, leading to investment losses.
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Divisions on global monetary reform exposed at China G20

Opposing views about how to reform the global monetary system were laid bare at a meeting of the top 20 economies on Thursday, with France setting out a bold agenda, China warning that change must be gradual and the United States saying the solution was simple.
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FDA finds small amount of radiation in US milk

The FDA found small amounts of radiation in a sample batch of milk from Spokane, Washington. The level, however, was 5,000 times lower than the Derived Intervention Level set by the FDA.
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AT&T mega-merger tied to spectrum drought: Cicconi

U.S. government remedies to free up more U.S. airwaves for wireless services are not coming fast enough and were an important driver behind AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA, an AT&T executive said on Wednesday.
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Black brokers lose bias suit against BofA/Merrill

Bank of America Corp won the dismissal of a bias lawsuit by black financial advisers at the former Merrill Lynch & Co who said they were paid lower bonuses than white counterparts to stay on when the companies merged.
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GM expects robust Cruze sales due to converts

General Motors Co said on Wednesday its Chevrolet Cruze small car was on track to exceed 50,000 U.S. sales in the first quarter, aided by demand in markets usually dominated by imports.
A wounded rebel fighter sits in a hospital in Ajdabiyah after being brought in from the road to Ras Lanuf, in Libya

Gaddafi soldiers capture Ras Lanuf

Amidst reports that the Libyan foreign minister has defected to the west, soldiers loyal to Moammar Gaddafi have recaptured the strategic oil city of Ras Lanuf from rebel factions.
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U.S. jury rejects Glaxo antitrust claims vs Abbott

A U.S. jury rejected GlaxoSmithKline's antitrust claims against Abbott Laboratories over allegations of unfair HIV drug pricing, after Britain's biggest drugmaker had asked for hundreds of millions in damages.
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Google takes on Facebook with latest social tweak

Google Inc will begin allowing users to personally endorse search results and Web pages, its latest attempt to stave off rival Facebook Inc while trying to jump onboard a social networking boom.

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