UNITED STATES

CIT posts $1 billion quarterly loss

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CIT Group Inc reported a $1 billion loss in the fourth quarter on Tuesday, excluding one-time items and accounting adjustments, as the recently bankrupt commercial lender was hurt by high borrowing and credit costs.
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Author Lewis says Wall Street reckoning is coming

Wall Street's biggest banks could be broken up by the Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, Liar's Poker author Michael Lewis said on Tuesday.
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FCC backs plan to speed up Internet

Communications regulators submitted to Congress a national broadband plan that aims to expand access, increase Internet speeds and shift airwaves to mobile services.
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Wall St hits fresh 17-month high after Fed

Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.
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Everything You Need to Know About Agritourism

Carlos Castejon greets us wearing a cowboy hat, a red flannel shirt, jeans and cowboy boots. For him, it's just another day at Finca el Cisne, his 2,000-acre ranch outside of Copan Ruinas, Honduras. But for us, it will be a day filled with tasting local produce, horseback riding and learning about how coffee beans are grown and harvested.
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GE expects profit, dividend to rise in 2011: CFO

After two rocky years and a severe global financial crisis, General Electric Co expects its profit and dividend to rise in 2011, the largest U.S. conglomerate's chief financial officer said.
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Senate bill threatens stiff penalties on China

Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
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Kraft under fire after Cadbury plant U-turn

Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.
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Winter storms hit housing starts

U.S. housing starts fell last month as winter storms disrupted construction and another drop in building permits suggested the weakness would linger.
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Woods says returning to golf at Masters in April

World No. 1 golfer Tiger Woods, who withdrew from the game late last year after a damaging adultery scandal, announced on Tuesday he would make his comeback to professional golf at the U.S. Masters in early April.
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Egypt regulator enforces Internet voice call ban

Egypt has begun enforcing a ban on international calls made through mobile internet connections, the head of the telcoms regulator told Reuters on Tuesday, potentially boosting voice revenues at landline monopoly Telecom Egypt.
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FCC Wants to Ramp Up US Broadband

The Federal Communications Commission wants speed up the U.S. average from the current 4Mbps to 100Mbps, and plans to have broadband in every U.S. home by 2020.
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Broadband plan aims to boost speed, wireless

U.S. regulators released a blueprint for upgrading Internet access for all Americans, with Internet speeds up to 25 times the current average, expanded coverage and more airwaves for mobile services.

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