UNITED STATES

World stocks down from 9-month highs

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World stocks backed away from nine-month highs on Wednesday as worse-than-expected euro zone industrial figures and a warning about rising unemployment from U.S. Federal Reserve Chairman Ben Bernanke broke a seven-day winning streak.

Boeing profit up 17 percent; no update on 787 schedule

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Boeing Co posted a 17 percent increase in quarterly profit, topping expectations, on growth in defense programs, but the global recession pressured operations, and the company did not say when its long-delayed 787 Dreamliner would fly.
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Beijing govt backs BAIC's bid for overseas assets-sources

The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's (F.N) Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
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Healthcare reform seen critical for rural U.S

Surrounded by corn fields and cattle, the people of southeast Kansas seem far from the Washington debate on reforming U.S. healthcare but many care deeply about the issue and hope that change can come.
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No Cadillacs in U.S. healthcare reform proposals

Some of the ideas proposed for U.S. healthcare reform could cost patients thousands of dollars a year out of their own pockets, and premiums could end up being too high, according to two reports.
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Obama to make prime-time healthcare appeal

U.S. President Barack Obama will plead his case for a broad healthcare overhaul in a prime-time news conference on Wednesday, with doubts growing about the plan even among his fellow Democrats and polls showing slipping public support.
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Central banks cautious on further credit boost

Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time.
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U.S. signs ASEAN treaty, boosts engagement

U.S. Secretary of State Hillary Clinton signed a friendship treaty with Southeast Asia on Wednesday, underlining Washington's renewed focus on a region that has increasingly come under China's influence.
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Honduras talks postponed, Arias has new proposal

Honduras' de facto government said on Wednesday that talks aimed at ending a deep political crisis following last month's coup have been delayed and it is waiting for new proposals from the mediator.
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Netanyahu says West Bank barrier to stay for now

Prime Minister Benjamin Netanyahu rejected on Wednesday any notion he would order Israel's barrier in the West Bank to be torn down in response to the absence of Palestinian attacks from the occupied territory.
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Nortel deal may be to boost RIM patent store

Research In Motion looks like an odd suitor for Nortel Networks' mobile network equipment unit but the deal could help the BlackBerry smartphone maker plug gaps in its technology patent portfolio.
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Hyundai to invest $3 billion in green projects by 2013

Hyundai Motor Group, the world's No.5 automaker, said on Wednesday it would invest $3.3 billion in green projects to meet the government's stricter fuel efficiency and emission requirements, joining a recent series of eco-friendly investments by South Korean firms.
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U.S. fears North Korea nuclear ties to Myanmar

The United States is concerned about the possible transfer of nuclear technology from North Korea to military-ruled Myanmar, U.S. Secretary of State Hillary Clinton said on Wednesday.
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Intel appeals to EU court over antitrust fine

U.S. chipmaker Intel Corp on Wednesday appealed to Europe's second highest court against an antitrust finding and a 1.06 billion euro ($1.50 billion) fine levied by EU regulators.
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PepsiCo posts stronger-than-expected profit

PepsiCo Inc posted a bigger-than-expected quarterly profit, helped by growth in its international business, but revenue fell short of expectations as North American beverage sales fell, putting pressure on the company to close deals to buy its two big U.S. bottlers.
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Wall St to dip at open as bank results disappoint

U.S. stock index futures pointed to a lower open on Wednesday after a batch of corporate earnings mostly beat lowered expectations, but the key financial sector continued to show signs of weakness.
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Delays drag as Obama financial reforms advance

The Obama administration's plan to form a new Consumer Financial Protection Agency, a central part of its bold regulatory reform agenda, sailed onto the shoals of congressional delay on Tuesday.
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Recession past nadir, another year of bank timidity

The global recession has now passed its nadir but the financial crisis still has some time to run and it will be a year at least before banks start lending again in earnest, a Reuters poll showed on Wednesday.
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U.S. green jobs seen taking years of planning

Alternative energy jobs can provide vocations across many sectors of the economy but policy to spark them can take years to develop, U.S. governors told a Senate committee on Tuesday.

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