UNITED STATES

EPA withdraws permit for massive Navajo coal plant

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U.S. environmental regulators said they have withdrawn a permit for a massive coal-fired power plant that had been scheduled to be built on the Navajo Nation to send electricity to populated areas to the West.
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Office Depot posts surprise profit on cost cuts

Office Depot Inc posted better-than-expected first-quarter results on Tuesday as cost cuts offset a sharp decline in sales, and the No. 2 U.S. office supplies retailer's shares jumped more than 23 percent.
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Internet gambling bill next week: Frank

Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee, said on Tuesday he would introduce legislation next week to overturn a three-year-old U.S. ban on Internet gambling.
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Wall Street drifts as data offsets bank fears

U.S. stocks rose modestly on Tuesday as a dividend hike at IBM and reassuring data that could signal a bottom in the economic cycle offset concerns that major banks may need to raise more money.
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Intel tops green power buyers in U.S.

Intel Corp. is the U.S. largest single purchaser of green power with more than 1 billion kilowatt-hours of green power annually, the Environmental and Protection Agency said on Tuesday.
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Chrysler lenders and Treasury reach deal: sources

The U.S. Treasury has reached an agreement in principle with Chrysler LLC's first-lien lenders that may help the troubled automaker avoid bankruptcy, two people briefed on the discussions said on Tuesday.
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Rep Frank sees banks TARP-free in a year

The U.S. banking system could be free of government money within a year, the powerful chairman of the U.S. House of Representatives Financial Services Committee said on Tuesday.
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U.S. bank report, flu fears shake economy hopes

Anxiety over a global flu crisis and the health of some U.S. banks rattled hopes on Tuesday that the financial system was stabilizing, but U.S. and other data suggested confidence was returning to consumers.
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Consumers, home prices boost recovery hopes

U.S. consumer confidence posted its biggest jump in more than three years in April while the slump in home prices showed signs of slowing in February, adding to hopes that the recession may be waning.
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Slowing pace of falling home prices offers hope

U.S. house prices tumbled nearly 19 percent in February, but for the first time since October 2007 the decline was not a record, suggesting the housing market might be closer to a bottom.
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Citi talking to U.S. on capital, may alter exchange

Citigroup Inc is talking to the U.S. government about its capital levels after receiving the early results of its stress test, but if it needs more capital it does not expect the government to provide it, people familiar with the matter said.
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Online gambling bill coming: Frank

U.S. Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee, said on Tuesday he would introduce a bill next week to overturn a three-year-old U.S. ban on Internet gambling.
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Online gambling bill coming: Frank

U.S. Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee, said on Tuesday he would introduce a bill next week to overturn a three-year-old U.S. ban on Internet gambling.
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U.S. lawmakers to examine swine flu response

U.S. lawmakers plan to take a closer look this week at the federal government's response to the swine flu outbreak that has sickened people in five states and killed dozens in Mexico.
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Ex-soldier bragged about Iraqi rape, deaths: lawyer

A former U.S. soldier on trial in the gang rape of an Iraqi girl and the murder of her and her family in the war zone in 2006 was caught in a perfect storm of insanity, his lawyer told a jury on Monday.
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Somali gunmen free two European aid workers

Somali gunmen freed two European aid workers Tuesday without receiving a ransom after holding the pair hostage for nine days in one of the world's most dangerous places for relief agencies.
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U.S. swine flu cases rise, more expected

More than 40 people in five states have been sickened by new strain of swine flu that doctors fear may cause a pandemic, U.S. officials said on Monday, promising more cases to come.
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Swine flu spreads to Israel, New Zealand

New Zealand and Israel confirmed cases of swine flu on Tuesday, the latest countries hit by a new strain that has killed up to 149 people in Mexico and which threatens to become a pandemic.
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Honda forecasts small annual profit as costs cut

Honda Motor Co (7267.T) forecast a small profit for this year as it cuts costs to counter plunging car sales and a strong yen, and said its leading position in motorcyles is helping it cope with the severe global slowdown.
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Pace of falling U.S. home prices slows

U.S. house prices tumbled nearly 19 percent in February but for the first time in 16 months the fall did not set a new record, suggesting the housing market might be closer to a bottom.

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