MARKETS / FINANCE

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Citi intends to raise employees' base pay: report

Citigroup Inc intends to raise employees' base salaries by as much as 50 percent this year to offset smaller annual bonuses, the New York Times said, citing people with direct knowledge of the plan.
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Banking broken, consumers need help: watchdog

The outspoken head of a U.S. Congressional watchdog panel will strongly urge lawmakers on Wednesday to set up a new government agency to protect consumers from tricks and traps set by banks.
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Asia stocks recover from 1-month low, eyes on Fed

Asian stocks bounced up on Wednesday from a one-month low hit the previous day while the dollar drifted, with investors bracing for a Federal Reserve decision and any signs the central bank is worried about the jump in U.S. bond yields.
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Asia stocks recover from 1-month low, eye Fed

Asian stocks inched up on Wednesday from a one-month low hit the previous day while the dollar drifted, with investors bracing for a Federal Reserve decision and any signs the central bank is worried about the jump in U.S. bond yields.
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World’s slimmest 4GB USB flash Card drive

Incredibly as thin as a credit card slim data is now available on a 4GB USB flash drive that enables user to carry important digital photos, videos, music, and documents in their wallets, according to toptech on Tuesday.
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Optimism stalls amid second thoughts on recovery

After months of wishful thinking, investors are nervous again about financial markets and the world economy, and it may take a flurry of much better economic data to make them believe in a sustainable recovery.
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Small Banks stop paying TARP

At least three small, cash-strapped banks have stopped paying U.S. government dividends that they owe from taking part in the Treasury's Troubled Asset Relief Program, The Wall Street Journal reported late Monday.
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Dollar pressured ahead of Fed meeting outcome

The U.S. dollar fell on Tuesday on speculation the Federal Reserve may attempt to keep debt costs low by reducing expectations for higher interest rates at the conclusion of its meeting on Wednesday.
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SEC eyes shorter maturity limits for money funds: source

U.S. securities regulators are considering shortening a money market fund's maturity limits to protect investors after last year's sudden losses in industry pioneer Reserve Primary Fund, a source familiar with the agency's thinking said on Tuesday.
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Number of mass layoffs in U.S. ties record

The number of mass layoffs by U.S. employers rose last month to tie a record set in March, according to government data released on Tuesday that suggested the labor market has yet to stabilize.
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Stocks flat as investors seek bargains

Stocks were nearly flat on Tuesday as investors hunted for bargains after Monday's steep sell-off, offsetting a drop in industrial shares as Boeing announced another delay in its 787 Dreamliner flight.
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May U.S. home sales rise

Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.
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U.S. home sales add to recovery worries

Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.
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Wall Street ticks up after bond auction

Stocks recovered some ground on Tuesday, with all three indexes making slight to moderate gains, after news of a solid U.S. Treasury auction for 2-year notes.

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