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Support builds for rebalancing world economy

Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.

U.S. to track greenhouse gases for first time

The U.S. government will begin requiring big companies to monitor and report greenhouse gas emissions, officials said on Tuesday, a move that could make it easier for federal regulators to cut emissions if Congress does not pass a climate change bill.

Senator would drop land-use from U.S. biofuels rule

A senator from the U.S. Corn Belt filed an amendment on Tuesday that would bar federal regulators from considering how land is used overseas when they write rules to expand use of biofuels.

North American firms think local for carbon offsets

When it comes to offsetting carbon footprints, European companies seek offsets sourced from far off, romantic countries, while North American firms prefer those generated by local clean energy projects, a survey found.

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Silver Spring Networks to buy energy managing firm

Privately held smart grid networking company Silver Spring Networks said on Tuesday that it would buy Greenbox Technology, adding energy-management software to its arsenal.

Exhibit gives a back room glimpse of World War Two

Documents and personal letters from world leaders provide a glimpse of the back drop to key historical events and a new exhibit highlights several from the defining event of the 20th century -- World War Two.

Britain sees G20 support for rebalancing world economy

British Prime Minister Gordon Brown said on Tuesday there was substantial support among the Group of 20 nations for creating a new framework to tackle global economic imbalances.

Kraft and Cadbury CEOs brief investors on bid battle

Kraft and Cadbury CEOs are meeting their investors to seek support in a bid battle after the British confectioner asked the UK Takeover Panel to set a time limit to Kraft's 9.8 billion pound ($16 billion) offer.

Wall St gains as commodities, banks rise

U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.

Mid-Day Minute - Sept 22

Economy Reviving; Obama's Global Climate Push; Banks Fined Over IPO

Citi, UBS, Deutsche Bank fined over Vonage IPO

A U.S. regulator ordered Citigroup Inc, UBS AG and Deutsche Bank AG to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp.

Lowe's FY 2010 view may fall short, shares down

Home improvement retailer Lowe's Cos Inc forecast earnings for its next fiscal year that could fall short of Wall Street expectations, sending its shares down 2.3 percent.

Senate panel takes up healthcare plan

The U.S. Senate Finance Committee opened consideration of its long-delayed healthcare reform bill on Tuesday, with affordability topping the list of concerns for Democrats who control the panel.

US antitrust enforcers to rewrite merger guidelines

U.S. antitrust enforcers plan to hold talks on revamping merger guidelines, they said on Tuesday amid expectations that the Democratic administration will give corporate combinations a tougher review.

U.S. economy at beginnings of recovery: Geithner

U.S. Treasury Secretary Timothy Geithner on Tuesday said that the U.S. economy appeared to be picking up steam and G20 leaders gathering in Pittsburgh this week would strive to ensure the recovery was balanced.

WellPoint weighing job cuts amid economic downturn

Health insurer WellPoint Inc is weighing job cuts as it grapples with enrollment declines stemming from the weak U.S. economy.

US STOCKS-Wall St edges up as commodities rise

U.S. stocks rose slightly on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.

Crisis is an opportunity, designer Versace says

The world financial crisis is an opportunity, allowing more creative ideas to come about, Italian designer Donatella Versace said, adding consumers wanted to be stimulated at this time.

Government awards $550 million in renewable energy grants

The U.S. Energy and Treasury Departments on Tuesday awarded $550 million in cash grants to develop renewable energy projects to help meet the Obama administration's goal of doubling U.S. renewable energy production over the next few years.

Obama calls for world action on climate change

President Barack Obama challenged the world on Tuesday to act swiftly to fight global warming but offered no new proposals that could jumpstart stalled talks on a U.N. climate pact.

Obama says U.S. acting against urgent climate threat

President Barack Obama Tuesday urged world action to fight climate change, saying a failure to tackle the problem could lead to an irreversible catastrophe in years to come.

Wall Street edges up as commods rise; healthcare off

U.S. stocks rose slightly on Monday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.

Oil above $71 on dollar, Saudi sees recovery

Oil rose above $71 a barrel on Tuesday, supported by a weaker dollar and after the oil minister of top exporter Saudi Arabia said he was seeing real evidence of world economic recovery in the form of demand for Saudi crude.

Climate talks on the road to U.N. deal in Copenhagen

Following is a list of major meetings in the run-up to a climate talks in Copenhagen in December meant to agree a new pact to fight global warming.

U.S. business group warns of swine flu absenteeism

The U.S. Chamber of Commerce on Friday offered companies new guidelines for coping with the H1N1 swine flu pandemic, warning that employers could face crippling absenteeism as the U.S. flu season takes hold.

July home prices up 0.3 percent, off 4.2 percent in year

U.S. single-family home prices rose by a seasonally adjusted 0.3 percent in July from June but were 4.2 percent lower than a year earlier and 10.5 percent below their April 2007 peak, the Federal Housing Finance Agency said on Tuesday.

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