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Fed Ready To Do More To Increase Job Growth: Bernanke

The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
Xarelto, which Johnson & Johnson developed in partnership with German drugmaker Bayer AG, is already approved to reduce risk of blood clots in the legs and lungs of people who have had knee or hip replacement surgery. It is also approved to prevent stroke

Johnson & Johnson 2Q Net Income Slips By Half, Cuts 2012 Guidance

Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, said Tuesday that its second-quarter net income fell by half due to lower sales, litigation charges and unfavorable currency conditions. Johnson & Johnson also lowered its 2012 profit forecast.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

US Consumer Price Index Flat In June As Gas Prices Fall

Consumer prices in the U.S. were flat in June as the higher cost of food offset another drop in energy, according to government statistics released Tuesday, further confirming the Federal Reserve's view that the jump in fuel costs was only temporary.
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Pew Study Finds YouTube Is The Favourite News Spot

YouTube is the favourite news spot for 71 percent of American adults up from 66 percent (in 2010), who visit the site to stay tuned, says a survey conducted by Pew Research Center's Internet & American Life Project. The study adds that 28 percent of American adults visit YouTube daily.
Gold Prices Ease On Caution Ahead Of Fed Statement

Gold Price Forecasts Are Getting Trimmed

Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed on Monday, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year.
Analysts expect gold prices to continue to rise in 2012 on the back of loose monetary policy from the Federal Reserve and European Central Bank

Gold Prices Climb Towards $1,600 As Euro Firms

Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft U.S. data fuelled talk he may hint at fresh measures to stimulate the economy.
South China Sea Protests

South China Sea Dispute: A Resolution Seems Doubtful (EXCLUSIVE)

The South China Sea has become Asia's most dangerous flashpoint of conflict. The settlement of the South China Sea dispute will involve compromise and an appreciation of the relative power of the countries involved, says Jeffery Atik, law faculty member at the Loyola law School, Los Angeles.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Stocks Rise On Stimulus Measure Hopes

Asian markets were rose Tuesday as investors continued to be hopeful that central banks all over the world would soon announce stimulus measures to tackle the weakening global economy.

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