UNITED STATES

Yuan revaluation China's choice: Geithner

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China will ultimately decide more yuan flexibility would benefit it, Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms.
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Ten indicted on NY home mortgage fraud charges

Two real estate brokers, three lawyers and five others were charged with fraudulently obtaining more than $10 million in home loans from American Home Mortgage Investment Corp and BNC Mortgage, a subsidiary of Lehman Brothers Holdings Inc, U.S. prosecutors in New York said on Tuesday.
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Mortgage insurer stocks rally but worries remain

U.S. mortgage insurers' stocks have touched new year-highs on confidence about success of the government's plan to let homeowners keep their homes, but the big question is how much steam the rally has left.
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Fed says extended period may last a long time

The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.
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U.S. bank investors: Show me the money

Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
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Wall Street rises on banks, Fed minutes

U.S. stocks gained on Tuesday as the financial sector got a lift from brokers' comments on banks, while minutes from the Federal Reserve's last meeting eased concerns over interest rates.
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Greece battered on markets, denies u-turn on IMF

Markets pushed Greece's risk premium to a euro lifetime high on Tuesday amid growing doubts over the country's capacity to resolve its debt crisis and fresh skepticism about a European Union-International Monetary Fund aid mechanism.
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Canadian dollar rallies to parity with U.S. dollar

Canada's dollar strengthened to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, powered by rising commodity prices and an economic rebound investors expect will soon trigger rate hikes.
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RIM releases new BlackBerry app development tools

Research In Motion released updated tools on Tuesday to make it easier and faster for developers to create feature-rich Web and wireless applications to be used on the company's BlackBerry smartphones.
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BMW debuts the new 5 Series in the USA

The German car maker debuted its 6th generation 5 Series Sedan at Wednesdays New York Auto Show, with models expected to be available for purchase in the summer.
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Barclays seeks Lehman assets, over trustee disputes

Barclays Capital Inc has asked a court to let it keep billions of dollars in Lehman Brothers Holdings Inc assets, even though the trustee of the bankrupt investment bank says the remaining Lehman customers should probably get them.
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Hyundai debuts Sonata Hybrid at NYC autoshow

At the New York auto show, Hyundai unveiled its 2011 Sonata Hybrid with unique approaches in hybrid powertrain design, battery technology and vehicle appearance. The Sonata Hybrid is Hyundai's first hybrid in the U.S. market.
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Canadian dollar hits parity vs. U.S. dollar

TORONTO The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday, hitting its strongest level since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.
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AutoNation raises earnings forecast

AutoNation Inc, the largest U.S. auto dealership group, raised its first-quarter earnings forecast on Tuesday and left revenue and other outlooks intact, sending its shares up nearly 3 percent.
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Obama touts healthcare reform benefit to business

(Reuters) - President Barack Obama on Thursday touted the immediate benefits small businesses will receive from his healthcare reforms, in his second speech this week promoting the sweeping plan to a skeptical public.
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Prescription drug overdoses on the rise in U.S.

NEW YORK (Reuters Health) - More and more Americans are landing in the hospital due to poisoning by powerful prescription painkillers, sedatives and tranquilizers, according to a report released today. City-living middle-aged women seem particularly vulnerable.

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