Obama asked Republicans to bring their best ideas for overhauling the U.S. healthcare system to the February 25 conference in hopes of rejuvenating the issue, which has floundered since Democrats lost their crucial 60th Senate vote last month.
Oil rose above $72 a barrel on Tuesday due to a weaker U.S. dollar and robust buying interest as investors looked for bargains following last week's price slide to near two-month lows.
Stock futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns.
The euro rose on Tuesday on speculation that European Union nations could bail out errant member Greece, while global stocks were flat and emerging market shares climbed.
Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis.
With their paths through the Internet increasingly blocked by government filters, Nooshin and her fellow Iranian opposition-supporters say their information on planned protests now comes in emails.
Swiss bank UBS posted its first quarterly net profit since Oswald Gruebel took the helm a year ago but clients withdrew far more money than forecast, signaling he may need more time to steady the ship.
Asian shares broadly rose on Tuesday, led by Taiwan and South Korea, and the euro staged a small rebound from its recent drubbing, but Japan and Australia fell as investor sentiment remained weak on euro zone fiscal concerns.
Toyota Motor Corp President Akio Toyoda wrote in an article published on Tuesday that he has promised the top U.S. transportation official the troubled automaker will be more vigilant in the future about responding to safety regulators.
Toyota Motor Corp said on Tuesday it would recall its flagship Prius hybrid in Japan for braking problems and that it had halted shipments of two other hybrid models to check for similar problems.
Electronic Arts Inc warned that fiscal 2011 earnings would miss Wall Street expectations as it grapples with a lack of blockbuster new games after a succession of missed targets and restructurings.
A consortium led by Walt Disney Co is in advanced talks to buy into China's largest in-bus digital media and advertising company, a deal that could offer the U.S. entertainment giant a new platform to promote Mickey Mouse in China, three sources told Reuters.
A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday.
A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
Toyota Motor Corp was preparing a global recall of its new Prius model on Monday, further damaging its reputation for quality and reliability on the heels of two other massive recalls.
A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
United Parcel Service Inc , the world's largest package delivery service, announced plans on Monday to furlough at least 300 pilots as the very gradual pace of the U.S. economic recovery necessitates further cost-cutting.
CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
A Chinese-born engineer was sentenced Monday to more than 15 years in prison for hoarding sensitive information about the US space shuttle with the intent on giving it to China.
The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
U.S. stocks erased morning gains to close lower on Monday as the basic materials and financial sector weighed down the market.
