UNITED STATES

Tanning beds raise melanoma risk

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(Reuters) - Indoor tanning beds sharply increase the risk of melanoma, the deadliest kind of skin cancer, and the risk increases over time, U.S. researchers said on Thursday, and others experts called for tighter regulation.

Instant View: Consumer spending flat, incomes up in April

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U.S. consumer spending was unexpectedly flat in April, but real disposable incomes recorded their biggest increase in nearly a year as the labor market improved and inflation remained muted, a government report showed on Friday.
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Mortgage rates edge closer to record low

U.S. mortgage rates moved still lower in the past week, nearing a record low set in early December, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
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BP's spill costs hit $930 million

BP Plc still does not know whether its top kill operation designed to plug the biggest oil spill in United States history will be successful and puts the cost of tackling the disaster so far at $930 million.
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Pru confirms talks to renegotiate AIA deal

Prudential said it was trying to negotiate a cut in the $35.5 billion it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
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Shell buys East Resources for $4.7 billion

Royal Dutch Shell said it would pay $4.7 billion cash to buy privately held East Resources Inc, giving it substantially more exposure to natural gas plays in North America.
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Oil edges up above $75 in Asia

Global oil prices advanced past $75 a barrel mark in Asian trade Friday mainly after China denied reports of its Eurozone disinvestments. Light sweet crude for July delivery was seen trading at $75.01 a barrel at 11.30 a.m Singapore time while in London, the Brent crude July contact was up 8 cents to $74.74 on the ICE futures exchange.
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Gold eases below $1210 on stocks rally

Gold prices eased in Asian trade Friday despite a recovery by the euro after China assured investors it was not losing confidence in euro zone assets. Gold for immediate delivery was seen trading at $1208.95 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1208.01 an ounce at the Comex division of the New York Mercantile Exchange.
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Asian stocks extend gains as euro dips

Asian stocks bolted on Friday posting their third straight day of gains after China's pledge to remain invested in Europe boosted confidence, but the euro dipped after rebounding from near four-year lows the previous day.
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Buyers flock as Apple's iPad hits Asia

Apple Inc's iPad launched in overseas store shelves on Friday, with buyers storming Japanese and Australian shops to be among the first outside the United States to snap up the long awaited tablet PC.
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Apple's iPad hits Asia in international debut

Apple Inc's iPad hit overseas store shelves on Friday, with buyers storming Japanese and Australian shops to be among the first outside the United States to snap up the long-awaited tablet PC.
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Ford weighs plan to drop Mercury brand: source

Ford Motor Co is considering a plan to drop Mercury, a brand developed in the 1930s that has seen sales and investment plunge in recent years, a person familiar with the discussions said.
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Accused adviser to wealthy hid from U.S.

Kenneth Starr, an investment adviser to celebrities and other wealthy New Yorkers, was coaxed from a darkened suit closet by U.S. agents at his apartment on Thursday to face charges of running a fraud of at least $30 million, prosecutors said.
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Apple's iPad hits Japan in international launch

Apple Inc's iPad made its overseas debut on Friday, with buyers storming Japanese and Australian shops to be among the first outside the United States to snap up the long-awaited tablet PC.
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Cost concerns delay jobs bill in Congress

Congressional Democrats floated more cuts on Thursday to a package of tax increases and safety-net spending as final passage of the measure looked likely to slip into June.
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Vyvanse effective for teens with ADHD

NEW YORK (Reuters Health) - The stimulant drug Vyvanse improves attention deficit hyperactivity disorder (ADHD) in adolescents beginning as early as the first week of treatment, according to a new study.
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iPad makes splash in international debut

Apple Inc's iPad hit overseas store shelves on Friday, with buyers storming Japanese shops to be among the first in Asia to snap up the long-awaited tablet PC.
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Daily forex forecast - 28/5/2010

The Australian Dollar opens sharply higher today at 0.8510. Despite a surprise drop in new capital spending, which fell 0.2 per cent in the first quarter, the Aussie rallied from an intraday low of 0.8220.

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