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S&P 500 closes near 2010 high on Citigroup

The S&P 500 gained 4.63 points, or 0.40 percent, to close at 1,150.24, below the 2010 intraday high of 1,150.45 and slightly above the closing high of 1,150.23, both made on January 15.

Jobless claims fall, trade gap narrows on oil

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The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.

Citigroup sees return to sustained profitability

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Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.
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Simon CEO: No pressure from rival Gen Growth plan

The chief executive of Simon Property Group Inc said on Thursday a revised plan by management of General Growth Properties Inc to emerge from bankruptcy would not put pressure on his company to sweeten its own $10 billion offer.
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Billionaire Pinera takes power in Chile

As the ground shook and buildings swayed, conservative billionaire Sebastian Pinera took office as Chile's president on Thursday, tasked with rebuilding after a massive earthquake killed hundreds just 12 days ago.
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Time for next stage of sustainable business

Corporate America needs to track its use of energy and resources as closely as it does its hiring and cash flow if it wants to keep pace with social concern about climate change and other sustainability issues, an activist U.S. investor group argues in a new report.
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Exxon Mobil boosts 2010 capital spending 4 percent

Exxon Mobil Corp will increase its capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
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Do needle-exchange programs really work?

NEW YORK (Reuters Health) - Needle-exchange programs designed to cut injection drug users' risk of HIV, the virus that causes AIDS, and other infections do seem to reduce needle sharing, but there is only limited evidence that they lower disease transmission, a new research review concludes.
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Big majority of Americans wants Wall Street regulation

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday.
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Markets slip as China inflation raises concerns

U.S. stocks edged lower on Thursday as China inflation data raised worries about reduced demand from one of the world's largest economies, but gains in big-cap technology shares limited losses.
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How free markets sank the U.S. economy

Two years ago, a poisonous brew of bad economics, lax regulation, and egregious behavior boiled over, scalding the financial system and pitching the United States into its steepest downturn since the Great Depression.
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China's thirst for energy fuels westward expansion

China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and impoverished western backyard.
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Doctors fail to cut cholesterol enough

(Reuters) - Only half of patients at high risk of heart disease are given the right targets for cutting their cholesterol and millions may suffer heart attack or stroke due to doctors' poor advice, scientists said on Thursday.
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Markets fall after jobless data, China CPI

U.S. stocks fell on Thursday as U.S. jobless claims fell less than expected and inflation in China rose to a 16-month high, raising worries about money tightening in one of the world's largest economies.
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New racing videogames set to rev up sales

Blatant disregard for oncoming traffic and speed limits will get you into serious trouble on the road, but drivers seeking similar thrills can indulge in a fleet of new racing video games due out soon.

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