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Russia hopes down-to-earth Obama drops Star Wars

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Russia hopes U.S. President Barack Obama will not pursue his predecessor's plan to deploy weapons in space but Moscow is ready to respond appropriately to any such moves, a senior Russian general said on Wednesday.

Bank shares and FedEx weigh down Wall Street

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Stocks slipped to session lows mid-morning on Wednesday, weighed down by bank shares after Standard and Poor's cut ratings and outlooks on 22 U.S. banks and after a disappointing earnings forecast from bellwether FedEx Corp .
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Asia ex-Japan shares down 4th day; outlook foggy

Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight.
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U.S. skeptical Netanyahu will back down: diplomats

The United States doubts a policy speech Israeli Prime Minister Benjamin Netanyahu is to deliver next week will satisfy President Barack Obama's peacemaking demands, Western diplomats said on Thursday.
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GE Aviation sees orders down 50 pct this year

GE Aviation, a unit of General Electric Co and the world's largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand.
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McDonald's, Apple drag down Wall Street

Stocks fell on Monday after McDonald's Corp posted lighter-than-expected monthly sales and a report that Apple Inc would price new iPhones aggressively, signaling that consumer spending may remain a concern.
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New clean energy 2009 investment seen sharply down

New investment in clean energy will total $95 to $115 billion in 2009, representing a drop of 26-39 percent from last year's total of $155 billion, data published by research group New Energy Finance showed on Friday.
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The big American gas-guzzler: Down but not out

Even though U.S. pump prices are nearly half the $4 per gallon ($1.06 per liter) levels of a year ago, the legions of American fans of gas-guzzling SUVs and trucks don't have much to celebrate.
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Geithner says U.S. committed to pull deficits down

U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.
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Hedge fund firm Pequot to shut down

Prominent hedge fund firm Pequot Capital told investors on Wednesday it will shut down amid an ongoing government probe into possible insider trading.
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AIG CEO Liddy to step down

American International Group Inc said on Thursday that Chief Executive Edward Liddy plans to step down, signaling the end to a short and tumultuous tenure running the government-rescued insurer.
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AIG says CEO Liddy to step down

American International Group Inc said on Thursday that Edward Liddy, its chief executive, plans to step down, signaling the end to a short and tumultuous tenure running the bailed-out insurer.
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AIG Chairman and CEO Edward Liddy plans to Step Down

American International Group Inc. announced today that chairman and chief executive officer, Edward M. Liddy, plans to step down when a search for replacements is complete for these two positions which will be split.
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ReneSola revises down 2009 view, shares slump

London-listed solar wafer manufacturer ReneSola lowered its full-year expectations and reported a 13 percent fall in first-quarter net revenues, sending its shares down over 16 percent.
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Nikkei down as yen drags on exporters, techs troubled

Japan's Nikkei stock average lost 1.2 percent on Thursday, with Honda Motor Co and other exporters down as the yen climbed to a two-month high on the dollar after the Federal Reserve cut its outlook for the U.S. economy.
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Nikkei down as exporters slip on strong yen

Japan's Nikkei stock average slipped 0.6 percent on Thursday, as the yen rose to a fresh two-month high against the dollar weighing on Toyota Motor Corp and other exporters.

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