UNITED STATES

Senate opens Sotomayor confirmation debate

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The U.S. Senate opened a spirited debate on U.S. Supreme Court nominee Sonia Sotomayor -- with history indicating it is impossible to know how she may ultimately rule on the highest U.S. court.

Britain backs Syria-EU pact despite concerns

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Britain supports signing an economic pact between Syria and the European Union despite its concerns about human rights violations by Damascus, a British official said on Tuesday.
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Clinton, U.S. journalists leave North Korea

Former U.S. President Bill Clinton left North Korea on Wednesday with two American journalists whose release he secured in a meeting with the hermit state's leader, possibly opening the way to direct nuclear disarmament talks.
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UBS is in close talks to hire McCann: report

UBS AG is in talks to hire former Merrill Lynch executive Robert McCann to head its wealth management business in the Americas, the Financial Times said on Tuesday, citing people close to the negotiations.
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Sony plans $199 U.S. e-reader, takes on Amazon

Sony Corp will begin selling this month the cheapest digital book reader for the United States, taking rival Amazon.com Inc head-on in the small but fast-growing market for electronic readers.
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Board endorses direction of reorganized GM

The board of General Motors Co endorsed the automaker's direction and the focus of management after the first meeting of directors since GM emerged from a U.S. government-financed bankruptcy last month.
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Dish, Echostar happy on Tivo development

DISH Network Corp and EchoStar Corp said on Tuesday they were pleased the Patent and Trademark Office issued an initial office action rejecting TiVo Inc's software claims as invalid.
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Cash for Clunkers: a surprising success

The U.S. government's Cash for Clunkers program has boosted the U.S. auto sales to the highest level of 2009 in July, which is surprising success to both car dealers and the government.
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Greece: 10 things to Know Before You Go

There's something exhilarating, magical, and beguiling about going to Greece. It's like going to Disneyland for the first time. You build yourself up for something incredibly amazing
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White House still seeking cybersecurity czar

President Barack Obama is still searching for the right person to lead the fight against an epidemic of cybercrime, the White House said on Tuesday as it came under fire following the resignation of a top cybersecurity adviser.
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Senate will OK clunker extension this week: Reid

The U.S. Senate will approve a $2 billion extension of the cash for clunkers auto sales incentive by week's end, Majority Leader Harry Reid said on Tuesday, giving new life to a successful program that has boosted industry sales to a 2009 high.
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Global automakers beat forecasts, stay cautious

Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.
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CVS CFO silent on possible Aetna PBM deal

CVS Caremark Corp has the ability to make more acquisitions, but Chief Financial Officer Dave Rickard would not say whether his company wants to buy Aetna Inc's pharmacy benefit management business.
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Daily Wrap Up - August 4 - Energy

The U.S. Senate Committee on Finance held a hearing on the climate bill called Climate Change Legislation: Allowance and Revenue Distribution. Power company Duke Energy Co. said its profit declined 21 percent in the second quarter to $276 million or 21 cents per share from $351 million or 28 cents per share a year earlier.
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List of post offices to close in U.S. (full list)

Post offices are going to be another casualty of recession that has crippling effect on US economy. The U.S. government is to close around 700 post offices across the country as a result of the recession's crippling effect on US economy.
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Judge keeps Stanford criminal attorney on case

Allen Stanford's criminal attorney won't be allowed to withdraw just yet, a federal judge in Texas said on Tuesday, even though another law firm has said it would represent the accused swindler.

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