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DOE releases rare earth minerals strategy

DOE releases rare earth minerals strategy
The US Department of Energy has released a critical materials strategy based on extensive research by the Department during the past year examining the role of earth metals and other materials in the clean energy economy.
Consumer watchdog protests online GST proposal

US third quarter GDP revised up

The U.S. economy grew 2.6 percent in the third quarter, according to a third estimate by the U.S. Commerce Department, up from the 2.5 percent estimate given in November.
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Traders work on the floor of the New York Stock Exchange

US stocks advance on earnings, deal news

U.S. stocks advanced in early trade on Tuesday as upbeat earnings from Adobe Systems, and a couple of M&A deals buoyed sentiment.
A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank

US demand for gasoline to drop: AP report

The demand for gasoline might never get back to levels seen during 2006, as alternate forms of fuel gain more popularity, a report by AP said.
Traders work on the floor of the New York Stock Exchange

US Stocks Start Holiday Week On High Note

S&P 500 Index gained 3.00 points, or 0.24 percent, to trade at 1,246.91 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 7.11 points, or 0.06 percent, to trade at 11,499.02. The Nasdaq Composite Index rose 0.20 percent to trade at 2,648.31.
A customer looks at an iPhone 4 at the Apple Store 5th Avenue in New York

iPhones inflate US trade deficit with China

Apple’s iPhone has been widening US trade deficit with China even though it is entirely designed and owned by an American company, says a study.
Traders work on the floor of the New York Stock Exchange

US stocks modestly higher in early trade

U.S. stocks advanced in early trade on Thursday, following better-than-expected initial jobless claims and housing starts data.
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US futures range-bound ahead of jobs data

Futures on major U.S. stock indices remained-range bound on Thursday ahead of economic data, including key weekly U.S. jobs data from the government.
Synthetic Biology Needs Prudent Vigilance To Prevent Risk, US Panel Says

Synthetic Biology Needs Prudent Vigilance To Prevent Risk, US Panel Says

The Presidential Commission for the Study of Bioethical Issues has called for enhanced federal oversight in the emerging field of synthetic biology. The panel's approach recognized the great potential of this burgeoning field of science, including life saving medicines, and the still distant risks posed by the field.
Intelligence reports paint gloomy picture of Afghanistan ahead of Obama's review

Intelligence paints gloomy Afghan picture ahead of Obama's review

The war in Afghanistan is unlikely to be won, US Intelligence reports suggest. Even as President Barack Obama is all set to announce policy review on the war in Afghanistan, two classified reports state that it could be improbable to end Taliban and Al Qaeda insurgency in the Tribal regions of the country. The reports however, have fueled a bitter row between the intelligence agencies and the military over who has a better perspective and proximity in the war zone.
A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado

GM repays $2.1 bln to US tax payers

General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.
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US industrial production recovers marginally in Nov.

Industrial production showed signs of recovery as it rose more-than-expected in November, a report by the U.S. Commerce Department showed. Total capacity utilization for the industry rose to 75.2 percent during the month.
Shoppers checkout at a Target store in Virginia

US consumer price inflation stays weak in Nov.

Inflation in the U.S. continued to remain weak during November, in line with analysts' expectations, according to a report by the U.S. Labor Department.
Nouriel Roubini, New York University Professor of Economics and co-founder and chairman of Roubini Global Economics.

What Roubini predicts for major global economies in 2011

Roubini Global Economics (RGE) has predicted that global economy's growth next year will be marginally weaker than this year, with eurozone holding the biggest risk to global growth, and that the U.S. will not emerge any time soon from the worst unemployment crisis it has faced in decades.
Traders work on the floor of the New York Stock Exchange

US futures decline as Spanish concern weighs

Futures on major U.S. stock indices point to a lower opening on Wednesday with futures on the S&P 500 down 0.47 percent, futures on the Dow Jones Industrial Average down 0.39 percent and Nasdaq100 futures down 0.47 percent.
Holiday shoppers browse Macy's department store in New York City

US retail sales rose in November

U.S. retail sales continued to rise in November for the fifth month, boosted by holiday shopping as well as fuel prices, the U.S. Commerce Department said.

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