IBT Staff Reporter

108631-108660 (out of 154953)

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.

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.

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.

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.

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.

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.

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.

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.

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