UNITED STATES

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U.S. government to enhance municipal market regulation

The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two federal agencies had signed memorandum of understanding.

Weak Walgreen sales may prompt analyst reviews

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Top U.S. drugstore chain Walgreen Co is expected to post a third month of weak sales when it issues February data on Wednesday, which could put pressure on its shares and lead some analysts to review their profit expectations.

Disney plays bully in dispute, says Cablevision CEO

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Cablevision Systems chief executive Jim Dolan on Tuesday blasted Walt Disney's bullying threat to pull ABC from its cable systems over a contract dispute, calling the move senseless and one that invites questions from U.S. regulators.
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BofA to merge credit card, deposit units

A former MBNA Corp executive who runs Bank of America Corp's global card services unit is leaving the company as part of a management shake-up within two of its biggest consumer businesses.
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General Growth creditors, Simon attack Ackman

General Growth Properties Inc's unsecured creditors and suitor Simon Property Group on Tuesday criticized William Ackman's role in the mall owner's restructuring plan, alleging conflicts of interest given his position as a director and largest shareholder.
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Simon says General Growth has not shared any data

The head of Simon Property Group Inc said on Tuesday that despite signing an agreement, it has yet to receive any information from bankrupt General Growth Properties Inc , the smaller rival that Simon is trying to buy.
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Obama proposes $3,000 home energy rebates

on Tuesday proposed rebates of up to $3,000 to help homeowners pay for the cost of making their homes more energy efficient, a $6 billion program intended to create jobs.
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FCC: National Broadband includes public safety plans

As the Federal Communications Commission prepares to present its National Broadband Plan to Congress March 17, the agency released details of its plans, including a promise to find 500MHz of spectrum for wireless broadband and a request for Congress to cough up $16 billion.
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Commodities Track: Most commodity prices rise

Commodity prices recovered in February after falling in the first month of the year despite China's tighter monetary control regime and US Federal Reserve raising rates for emergency loans to banks which initally sent jitters down the commodity street. However, prices of key commodities have rebounded with crude oil rising as much as 10 percent while key Nymex traded Copper futures have gained 7.1%. Gold gained 2% in February and Spot Gold in New York closed the month at $1,119 still far short o...
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Ford U.S. February sales rise 43 percent

Ford Motor Co posted a 43 percent surge in its February U.S. sales on Tuesday, outselling General Motors Co , and also set higher second-quarter production targets for North America.
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Ford February sales rise 43 percent

Ford Motor Co posted a 43 percent surge in its February U.S. sales on Tuesday, outselling General Motors Co , and also set higher second-quarter production targets for North America.
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Obama makes last-ditch bid to Republicans on healthcare

U.S. President Barack Obama made a last-ditch bid on Tuesday to overcome Republican opposition to his stalled healthcare overhaul, saying he was ready to consider several of their proposals for crafting final legislation.
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Investors fret over weakened financial reforms

Plans to toughen up supervision of the financial system are quickly being weakened in the U.S. Senate, scaring investors and shareholders who fear congressional reforms will end up toothless.
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Afghanistan bans coverage of Taliban attacks

Afghanistan on Monday announced a ban on news coverage showing Taliban attacks, saying such images embolden the Islamist militants, who have launched strikes around the country as NATO forces seize their southern strongholds.
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N.Korea presses direct nuclear talks with U.S.

North Korea said on Tuesday the standoff over its nuclear programme should be settled through direct talks with the United States, but first Washington must drop what it called its hostile policies.
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U.S. weighs brake feature for all cars post-Toyota

Safety regulators may require all new cars to have braking systems that force the engine to return to idle, part of a response to unintended acceleration problems reported in Toyota Motor Corp vehicles.
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Netanyahu intervenes in sensitive Jerusalem project

Prime Minister Benjamin Netanyahu, citing concern over Israel's international image, persuaded Jerusalem's mayor on Tuesday to put on hold any demolition of Palestinian homes in a municipal tourism project.
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Staples issues tepid FY forecast; shares fall

Office products retailer Staples Inc gave a weaker-than-expected forecast for 2010, as it invests to expand its store base and technology business, sending its shares down more than 7 percent.

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