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Senate seeks bank reform, Obama weighs in

Key senators pushed for a bipartisan agreement on a package of reforms to tighten rules for financial industry behavior as President Barack Obama on Wednesday blasted critics who call his policies socialism.

Senate talks on financial reform move ahead

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Senate negotiations toward a bipartisan agreement on financial regulatory reform moved forward on several fronts on Wednesday and hopes were high for a pact early next week.

Toyota recall hearings - Lawmaker opening quotes

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Lawmakers delivered opening statements today during a hearing investigating Toyota's and the government regulators' response to complaints of unintended acceleration in the company's vehicles.
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Toshiba to outsource bulk of TVs in U.S.

Japan's Toshiba Corp needs to outsource more TV production in the U.S. to better compete against bigger South Korean rivals and focus on high-end products, an executive said.
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Wells Fargo mortgage case in Baltimore dismissed

Baltimore's defeat in a lawsuit accusing Wells Fargo & Co of steering minority borrowers to expensive home loans may not derail efforts by local governments to hold the biggest mortgage providers responsible for lending they contend hurts cities.rr
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U.S. apartment vacancy rate hits 30-year high

The U.S. apartment vacancy rate rose to an almost 30-year high of 8 percent in the fourth quarter, and rents dropped in the biggest one-year slump in 2009, according to real estate research company Reis Inc.
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Swine flu deadlier in children than seasonal flu

H1N1 swine flu can kill children at a much higher rate than seasonal flu, and the elevated risk for pregnant women extends as long as two weeks after they give birth, researchers reported on Wednesday.
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U.S. home sales bolster economic growth prospects

Sales of previously owned U.S. homes jumped to the highest level in nearly three years last month, the latest sign the economic recovery was gaining steam after growing below expectations in the third quarter.
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Blackstone-backed IPO rises after cool reception

Shares of the latest initial public offering backed by private equity firm Blackstone Group (BX.N) rose nearly 7 percent in their New York Stock Exchange debut after an initally cool reception.
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No sweat for FedEx on busiest day of the year

On December 14, FedEx Corp's busiest day this year, when the shipper handled almost double its normal number of packages, the entire system stretched to accommodate the global gift-giving frenzy that culminates nearly two weeks later around Christmas.
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New show, exhibits to mark Elvis 75th birthday

Elvis Presley's legacy will be marked in force next year in a 75th anniversary birthday celebration featuring a new Cirque du Soleil production, movie marathons, a Facebook application and a cruise.
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Study finds benefits of soy after breast cancer

Is soy food helpful or harmful for women with breast cancer? Studies have yielded mixed results. A new study published today suggests that breast cancer survivors may benefit from eating moderate amounts of soy products.
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Senators unveil bill to double nuclear power

Two U.S. Senators on Monday unveiled bipartisan legislation aimed at doubling nuclear power in 20 years and increasing funding for research into low carbon sources of energy.
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Medical workers balk at mandatory flu vaccines

Even as they are forced to wait like everyone else for swine flu vaccines in short supply, thousands of nurses and other front-line healthcare workers are fighting mandatory flu immunization policies being put in place by some U.S. hospitals.

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