Obama sees Senate healthcare passage by December 25
President Barack Obama said he expects the U.S. Senate to pass by the end of next week legislation to overhaul the U.S. healthcare system, but the top Senate Republican scoffed on Sunday that Obama's Democrats were too divided to do so.
U.S. forces chief warns of Afghanistan fight
The top U.S. military officer warned on Monday the first U.S. troops headed to Afghanistan as part of President Barack Obama's surge can expect more fighting and casualties, hours after 15 Afghan police were killed.
Taylor Lautner plays fight with Kanye West on SNL monologue (Video)
New Moon actor Taylor Lautner hosted Saturday Night Live and showed his karate skills to reenact a scene at the MTV Video Music Awards 09 when singer Taylor Swift was infamously interrupted by rapper Kanye West.
Facing combat ups depression risk in troops
Perhaps it's not surprising, but in the Air Force, combat duty in Iraq and Afghanistan increases the risk of depression, according to a new study.
China worries swine flu vaccine campaign faltering
China's vaccination campaign against the H1N1 flu strain is not proceeding as fast as it should be partly because people are needlessly worried about the safety of the vaccine, officials said on Friday.
Detained Americans face trial in Iran - minister
Three U.S. citizens detained in Iran and charged with espionage will stand trial, Foreign Minister Manouchehr Mottaki said on Monday, in a case that could further strain relations between Tehran and Washington.
Senate Democrats seek compromise on drug imports
Democrats scrambled on Friday to resolve a stalemate over whether to permit imports of cheaper prescription drugs from Canada and elsewhere as part of a larger effort to overhaul the U.S. healthcare system.
Fat in diet won't affect weight gain over time
People who want to maintain a healthy weight over time shouldn't obsess about their fat intake, new research shows.
JP Morgan sees strong growth at Apple; ups target
JP Morgan Securities raised its price target on Apple Inc by 4.5 percent, citing better-than-expected growth momentum for Mac, iPhone and iPod.
U.S. agency sees more health spending with reform
U.S. healthcare spending would rise by about $234 billion over the next decade under the Senate Democrats' overhaul bill and some of the proposed savings might never be achieved, a U.S. agency said in a report released Friday.
AIDS virus prevention gel fails in African trials
U.S. drug firm Endo Pharmaceuticals' gel designed to prevent infection with the AIDS virus has proved ineffective in trials in Africa, Britain's Medical Research Council (MRC) said on Monday.
Lloyds gets 95 percent take-up for record cash call
Lloyds has completed a record 13.5 billion pound ($21.9 billion) rights issue, ending a turbulent period for the British bank and shifting investor focus to a potential government stake sale in 2010.
Citi to pay back U.S. government funds
Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.
Wall St set to rise on Dubai bailout, Citi TARP deal
Wall Street was set to rise at the open on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
CORRECTED: Lloyds cash call success moves focus to turnaround
Corrects second bullet point, fifth paragraph to make clear premium is pence not percent
Daily Outlook - Dec 14
Bailout for Dubai; Citi Seeks Independence; CadburyBid Battle
Leaked Photo of Google Phone 'Nexus One': Out in January, Unlocked
A photo of the Google phone, or the Nexus One - which Google employees are currently testing out and will go on sale in January - has been released on Twitter. The phone will be sold online by Google and it will be unlocked, allowing Google to have more control over the hardware and software without having too much network carrier interference.
CORRECTED: Citi to pay back U.S. government bailout
Corrects 4th paragraph to show Citigroup Chairman Dick Parsons, not CEO Vikram Pandit, is due to met Obama
Toyota to sell plug-in hybrids to consumers in 2 years
Toyota Motor Corp will begin selling affordable plug-in hybrid cars in 2011, upping the ante on General Motors and Nissan Motor as they aim to take the lead in the field of rechargeable cars.
Ofgem names shortlist for UK offshore wind links
British energy regulator Ofgem has announced a shortlist of six bidders competing to connect nine offshore wind projects to the grid in the first stage of a programme to connect up some 33 gigawatts (GW) by 2020.
Euro rises, boosted after Dubai secures funding
The euro rose against the dollar on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts warmed risk appetite.
C$ down as oil falls on demand concerns
The Canadian dollar fell on Monday morning as the price of oil, a key export that often influences the unit's price movements, dropped for a ninth straight session on concerns over weak fuel demand.
Exxon Mobil to buy XTO energy for $41 billion
Exxon Mobil Corp will buy XTO Energy Inc, one of the largest U.S. natural gas producers, in an all-stock transaction valued at $41 billion including debt, the companies said on Monday.
Euro rates edge down ahead of tender
The interbank cost of borrowing dollars and euros held near record lows on Monday as the market
prepared for a U.S. policy decision and the final chance to get cheap one-year money from the ECB.
Citigroup to raise $20.5 billion in capital to pay back gov't
Citigroup today announced it will raise $20.5 billion in capital, mostly in common stock, after reaching an agreement with the U.S. to pay back a $20 billion bailout investment.
Brazilian Finance sells stake to Zell's Equity
Brazilian Finance, controlled by Ourinvest Real Estate Holding and hedge fund firm TPG-Axon Capital Management, will issue new common and preferred stock to Coyote Trail LLC, a unit of Equity International, for an undisclosed sum.
Euro zone Oct output falls, recovery seen fragile
Falling output of consumer goods pulled down euro zone industrial production in October and third-quarter employment shrank, data showed on Monday, indicating weak private demand and a fragile recovery ahead.
FOREX-Dollar index slips on Dubai bailout
The dollar slipped on Monday after Dubai's announcement it had received help from Abu Dhabi to repay its debts bolstered risk appetite and eroded some of the U.S. currency's safe-haven appeal.
Real estate co Fairfield files for bankruptcy
Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
Dubai bailout, Citi TARP deal lift futures
U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.