UNITED STATES

U.S. House climate bill to include free carbon permits

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A U.S. House of Representatives bill aimed at fighting global warming will allow some polluters access to free permits to emit greenhouse gas emissions in its cap-and-trade system, Democratic Representative Edward Markey said on Thursday.

Economists' Commentary: Inflation Outlook

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Deflation has arrived but inflation could be flaring up in a couple years. The latest March consumer price index showed the first decline over a 12 month period since the Eisenhower administration. With rising unemployment and excess factory capacity there is virtually no pressure for wages or prices to rise.
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Zen and the art of emailing

Millions of Americans at this very moment are on online, scrolling, reading and typing at their computers.
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Two suicide attacks kill at least 75 in Iraq

Two suicide bombers wearing vests full of explosives blew themselves up in separate attacks on Thursday, killing 76 people, including many Iranian pilgrims, in what appeared to be Iraq's bloodiest day in over a year.
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Clinton says Pakistan is abdicating to the Taliban

Pakistan's government has abdicated to the Taliban in agreeing to impose Islamic law in the Swat valley and the country now poses a mortal threat to the world, U.S. Secretary of State Hillary Clinton said on Wednesday.
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Cuomo questions TARP, pressure on B of A's Lewis

An investigation of Bank of America Corp revealed facts that raise questions about the transparency of the U.S. government program to help banks in the financial crisis, New York's top legal officer said in a letter made public on Thursday.
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China urges U.S. not to play host to Dalai Lama

China on Thursday urged the United States not to let the Dalai Lama, whom Beijing brands a separatist, visit the country. The exiled Tibetan spiritual leader, who fled his homeland in 1959 after a failed uprising against Chinese rule, starts a visit to the United States this week.
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Wall Street falters on economic jitters

U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
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U.S. mortgage rates nudge closer to record low

U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring rates down to levels that will spur demand and help the hard-hit housing market begin to recover.
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Fiat says still in talks on Chrysler, posts loss

Italian industrial group Fiat SpA said on Thursday it was still in talks to form a partnership with ailing U.S. carmaker Chrysler , adding that it aimed to reach a deal by an April 30 deadline.
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Philip Morris profit beats Street; backs '09 view

Marlboro cigarette maker Philip Morris International Inc reported a higher-than-expected quarterly profit, helped by its Asian, Latin American and Canadian markets, and backed its 2009 earnings forecast, sending its shares up more than 1 percent.
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U.S. jobless claims up slightly above forecast

The number of U.S. workers filing new claims for jobless benefits rose 27,000 last week, the government said on a report on Thursday that showed the number of workers receiving benefits at a record high.
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First Regional, Bank On It enter pacts with Fed

Two California lenders, First Regional Bancorp (FRGB.O) and Bank On It Inc (BKOT.OB), have entered agreements with the Federal Reserve Bank of San Francisco designed to ensure they remain financially sound, the regulator said on Thursday.
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Global slump hurts UPS profit

United Parcel Service reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn caused fewer packages to be shipped, sending its shares down more than 7 percent.
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US Airways loss narrows on capacity cuts and fuel

US Airways Group on Thursday reported a quarterly net loss on weaker travel demand, but the loss narrowed 57 percent on capacity cuts and accounting gains for fuel hedge contracts related to cheaper jet fuel.
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Fiat moves into frame as GM pursues Opel sale

Struggling U.S. carmaker General Motors Corp is moving nearer to a deal to offload its Opel unit, having found a prospective buyer in Italy's Fiat SpA , an Opel supervisory board member said on Thursday.
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Fiat in frame as GM prepares to sell Opel

Struggling U.S. carmaker General Motors Corp appeared set for a deal next week to offload a majority stake in its German unit Opel, having found a buyer in Italy's Fiat SpA , among others.
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U.S. existing home sales slip in March

The pace of sales of existing homes in the United States fell 3.0 percent in March to a much lower-than-expected annual rate of 4.57 million units, the National Association of Realtors said on Thursday.

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