UNITED STATES

Apple prepares big bet on tablet computing

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Apple Inc's Chief Executive Steve Jobs is expected to make a big bet on Wednesday that he can sell consumers on the value of tablet computing, looking to define an new category of devices.
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Stocks slip as investors brace for Fed statement

U.S. stocks declined on Wednesday as investors braced for the U.S. Federal Reserve's policy statement, which may provide clues about how long it will keep in place policies that have boosted markets.
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New home sales fall, fan fears about recovery

Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be losing some steam.
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Clinton to press China FM on Internet issue

U.S. Secretary of State Hillary Clinton will press China's foreign minister on the issue of Internet freedom, a growing irritant in ties between the two powers, a senior U.S. official said on Wednesday.
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Swiss government moves to save UBS tax deal

The Swiss government is to talk to the U.S. authorities in a bid to resolve a legal impasse that has threatened to derail a key tax deal over UBS client data, it said on Wednesday.
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Toyota shares drop following eight model recall

Toyota Motor shares were down 7 percent on the New York Stock Exchange in morning trading, following the company's unprecedented decision to discontinue eight of its most popular models in the U.S. following reported problems with the accelerators.
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Avoid extremes in diabetes treatment, study finds

The scientists also found that people suffering from type 2 diabetes who used insulin to get blood sugar levels down to near normal were 50 percent more likely to die during the study period as those who used a combination of oral drugs, such as metformin and sulphonylurea.
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Bin Laden son says seeks to end family separation

A son of Osama bin Laden says he is working with Saudi Arabia and Iran to end his separation from a group of brothers and sisters that dates back to the chaos in Afghanistan following the al Qaeda attacks of Sept. 11 2001.
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New home sales unexpectedly fall in December

Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be losing some steam.
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Iran official: German diplomats involved in riots

Iranian media reported on Wednesday that two German diplomats were detained last month due to involvement in anti-government protests, but Berlin said it was unaware any of its staff in Iran had been arrested.
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Herbal use common among pregnant women in U.S.

This finding is potentially concerning, researchers say, given that data on the safety of herbal use during pregnancy is lacking. Furthermore, the prevalence of exposure was highest in the first 3 months of pregnancy, a critical period of development.
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Yemen pledges urgent reforms to tackle al Qaeda

Yemen's government recognizes the urgent need for economic and political reforms to help root out al Qaeda militancy which risks threatening regional stability, according to a draft document at an international conference.
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Two Koreas trade fire

North and South Korea exchanged artillery fire near their disputed sea border on Wednesday, highlighting instability along a heavily armed frontier for the second time in three months.
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Obama to focus on jobs, deficit in State of the Union

After his worst political setback since he took office a year ago, President Barack Obama will vow to revive job growth and tame skyrocketing budget deficits in a crucial State of the Union speech on Wednesday.
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WellPoint profit tops Wall Street estimates

Health insurer WellPoint Inc said quarterly profit, excluding huge gains from a sale, fell on lower enrollment and higher medical costs, but the results topped Wall Street estimates.
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China says no curb on Google mobile technology

China sought to head off concerns about curbs on Google phone technology on Wednesday, as U.S. business groups urged Washington to tackle alarming measures against foreign high-tech companies in China.
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Caterpillar profit tops view; 2010 forecast weak

Caterpillar Inc , the world's largest maker of construction and mining equipment, posted stronger-than-expected quarterly earnings on Wednesday and said it was seeing encouraging signs that economies around the world were rebounding.
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Obama to recast agenda to focus on jobs, deficit

After his worst political setback since he took office a year ago, President Barack Obama will vow to revive U.S. job growth and tame skyrocketing budget deficits in a crucial speech on Wednesday.

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