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Carbon values drive forest investment

New rewards to store carbon in trees are driving forestry investments, but green groups fear they pose a threat to ancient woodlands and rainforests.

Qwest revenue falls short, shares up on outlook

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Qwest Communications International Inc posted quarterly revenue that was slightly below Wall Street expectations but its shares rose almost 4 percent as it increased its profit outlook for the year.

Treasury talks to GMAC about more cash

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The Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on Tuesday night.
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Ricky Gervais says Golden Globes is perfect gig

Ricky Gervais is known as an edgy comedian, and the Golden Globes are considered the least stuffy of film and television awards shows. So it's little wonder that Gervais sees his hosting job for the 2010 ceremony as a match made in Hollywood honors heaven.
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Qwest profit falls, revenue misses Wall St view

Qwest Communications International posted quarterly revenue that was slightly below Wall Street expectations but its shares rose almost 6 percent as it increased its profit outlook for the year.
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U.S. may end up discarding unused H1N1 vaccine

The U.S. government may end up throwing away unused doses of swine flu vaccine if people cannot get it soon enough, the director of the U.S. Centers for Disease Control and Prevention said on Tuesday.
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Why it's sane for Kim Jong-il to be crazy

For those who see North Korean leader Kim Jong-il as a dangerous lunatic prepared to risk the annihilation of his regime by launching a devastating attack on his neighbors, there is no shortage of supporting evidence.
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U.S. seeks more clean energy market access in China

Commerce Secretary Gary Locke will press for more access for American companies in China's clean energy sector, an area where Washington feels it can make inroads on its enormous trade imbalance with China.
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Controversial couple dominates U.S. medical tourism

These are heady days for the medical tourism industry. With U.S. healthcare prices spiraling upward, more and more insurers and individuals are looking abroad for treatment. By some estimates, 650,000 Americans will check into foreign hospitals from Mexico to Thailand this year.
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Wall St set for weak open as rally reassessed

Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
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Magna, Opel upbeat that sale will go through

Top officials from Magna and Opel expressed confidence on Wednesday that General Motors will go through with selling its European arm to Canada's Magna despite a second chance to review the deal.
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Climate deal not expected during Obama's China visit

The United States does not expect to reach an agreement on climate change with China during President Barack Obama's visit to Beijing next month, the country's senior climate change envoy said on Wednesday.
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Six U.N. foreign staff killed in attack in Kabul

Taliban militants killed six U.N. foreign staff in an assault on an international guest-house in Kabul on Wednesday, deepening concerns about security for a presidential election run-off due in 10 days.
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Car bomb kills 90 in Pakistan as Clinton visits

A car bomb ripped through a crowded market killing 87 people in Pakistan's city of Peshawar on Wednesday, just hours after Washington's top diplomat arrived pledging a fresh start in sometimes strained relations.
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Iran set to respond to atomic deal this week

Iran's envoy to the U.N. nuclear watchdog agency will present Tehran's position on a draft nuclear fuel deal in Vienna on Thursday, the semi-official Mehr News Agency reported on Wednesday.
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Clinton promises new page in Pakistani relations

Secretary of State Hillary Clinton arrived in Pakistan on Wednesday, pledging a fresh start in relations with an increasingly embattled and skeptical partner in the struggle against Islamic militancy.
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US mortgage applications slump third straight week

U.S. home loan demand slid for the third straight week, the Mortgage Bankers Association said on Wednesday, with purchase applications the weakest since mid-May and refinancing requests at a two-month low.
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U.S. foreclosures spike in new regions in 3rd qtr

U.S. mortgage defaults ebbed in some hard-hit cities in the third quarter, but unemployment created new trouble spots as foreclosures set a record in the quarter, real estate data company RealtyTrac said on Wednesday.
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Magna, Opel upbeat that sale with go through

Top officials from Magna and Opel expressed confidence on Wednesday that General Motors will go through with selling its European arm to Canada's Magna despite a second chance to review the deal.

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