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Bernanke boosts dollar, commodities down

The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated U.S. monetary policy could be tightened as a recovery takes hold, sending crude and metal prices lower.

Fed eyes facility to drain reserves: report

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The U.S. Federal Reserve is contemplating accessing money market funds through clearing banks or the creation of a facility to drain cash added to the financial system, Bloomberg said, citing people familiar with the plans.

U.S. anti-foreclosure programs not enough: watchdog

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Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday.
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U.S. judge rules on ex-Bear Stearns manager's email

Prosecutors will not be allowed to suggest to a jury in the trial of two former Bear Stearns hedge fund managers that they believe one defendant tried to hide certain email evidence, a U.S. judge ruled on Thursday.
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Taylor Swift going to Australia in extended tour

Country singer Taylor Swift has proven she has nothing to fear from touring after performing to sold-out crowds, so the 19 year-old said on Thursday she will extend her Fearless Tour into 2010.
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Lewis Black on Stark Raving Black

Comedian Lewis Black has been making people laugh with his take-no-prisoners approach to whatever pops up in his cross-hairs -- government, milk, official tips on how to survive a nuclear blast.
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Pay czar urged to stop BofA CEO pension

A top U.S. labor group on Thursday asked the Obama administration's pay czar to stop any retirement payments to Bank of America Chief Executive Ken Lewis.
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U.S. falls 3rd in bank ranking, after UK, Australia

The United States slipped from first to third place after the U.K. and Australia in a ranking of financial development released by the World Economic Forum on Thursday, as the global financial crisis badly hurt bank stability in developed countries.
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Commercial green fuel from algae still years away

Filling your vehicle's tank with fuel made from algae is still as much as a decade away, as the emerging industry faces a series of hurdles to find an economical way to make the biofuel commercially.
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Tengzhong may finalise Hummer deal Friday

China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said.
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GM will look to sell ex-Delphi steering unit

General Motors Co GM.UL will look to sell the steering business it took back from former parts subsidiary Delphi under a deal that closed this week, the automaker said in a letter to its suppliers.
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Jobless claims hit 9-month low, retail sales rise

The number of U.S. workers filing new jobless claims hit a 9-month low last week, and retailers posted their first monthly sales gain in over a year, easing fears recovery from recession would be unsustainable.
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Mayor Bloomberg: New York is city of immigrants

New York Major Michael Bloomberg announced Tuesday platform for the next mayoral elections saying that American visa holders and American immigrants have made the Big Apple the city that it is and deserve to be recognized.

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