UNITED STATES

Abu Dhabi fund seeks Citi deal scrapped or $4 billion

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Citigroup Inc said on Tuesday the Abu Dhabi Investment Authority filed an arbitration claim against it, accusing the U.S. lender of misrepresentation over a $7.5 billion investment by the sovereign wealth fund.
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Federal Trade Commission sues chip giant Intel

The government filed suit against Intel Corp on Wednesday, alleging that the chip giant illegally used its dominance of the market for a decade to stifle competition and strengthen its monopoly.
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U.S. to move some Guantanamo prisoners to Illinois

The Obama administration said on Tuesday it will move some Guantanamo Bay detainees to an Illinois prison and hold U.S. military commission trials there in plans immediately criticized as risky by Republicans.
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EU woos emerging nations for climate alliance

European leaders are courting some African, Asian and Latin American nations to counter the clout of China and the United States at the climate change talks in Copenhagen, French officials said.
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Obama writes letter to North Korea's Kim

U.S. President Barack Obama has written a personal letter to North Korean leader Kim Jong-Il amid efforts by the United States to persuade Pyongyang to return to nuclear disarmament talks.
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Most finance job-seekers open to pay cuts: survey

A majority of job-seekers in the finance sector would consider taking a pay cut since their job searches are taking longer than initially expected, according to a survey by an online career management company.
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NY's Stuyvesant Town tenants, landlord reach deal

The landlord and tenants of a vast New York City apartment complex have reached an interim rental agreement for 4,000 apartments hit with illegal rent increases, attorneys for the two sides said on Monday.
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US mortgage applications edge up in latest week

U.S. mortgage applications nudged higher last week, marking a third straight weekly rise, driven by a slight uptick in demand for home refinancing loans, an industry group reported on Wednesday.
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Stocks set to open up after data

Wall Street was set to rise at the open on Wednesday after data showed consumer prices did not overheat in November, quelling inflation worries ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.
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Myanmar junta lets Suu Kyi meet party elders

Detained Myanmar opposition leader Aung San Suu Kyi was briefly allowed out of her home on Wednesday by the military government to meet senior members of her party and one said they had agreed to changes in the party leadership.
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Housing starts rise less than expected

New housing starts rose but were lower than expected in November as construction activity for single family dwellings increased only marginally, a government report showed on Wednesday.
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Iran tests missile, warns opposition leaders

A senior Iranian oil official said on Wednesday a move by U.S. lawmakers to target the Islamic Republic with fuel sanctions would not cause any problems because Tehran had many suppliers.
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Bank rules lift global stocks; dollar eases

Global equities edged higher on Wednesday, led by banks after a report that global banking regulators are eyeing delaying the implementation of new capital rules, while gold and crude prices were also in demand.
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White House pushes policies to spur manufacturing

The United States must improve the business climate for manufacturers and not place undue regulatory burdens on the sector, the White House said on Wednesday ahead of a meeting focused on the industry.
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White House pushes policies to help manufacturing

The United States must improve the business climate for manufacturers and not place undue regulatory burdens on the sector, the White House said on Wednesday ahead of a meeting focused on the industry.
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EU accepts Microsoft browser offer, no fine

EU antitrust regulators accepted on Wednesday Microsoft's offer to allow users in Europe choose rival Internet browsers, ending a decade-long dispute and averting a possible fine for the company.
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Futures rise ahead of CPI, Fed statement

U.S. stock index futures rose on Wednesday ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.
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Stock futures signal gains; all eyes on Fed

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.2 percent at 0841 GMT (3:41 a.m. EST).

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