UNITED STATES

US homebuyer credit used by 1.4 mln taxpayers-IRS

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U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 home buyer tax credit so far and reminded home buyers they need to close on a purchase before the Dec. 1 deadline to qualify.

Obama seeks to reassure G20 on financial reforms

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President Barack Obama vowed on Saturday to work with fellow G20 leaders next week to close gaps in financial regulations and insisted reckless schemes that yield fat executive bonuses could no longer be tolerated.
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International music star Mika sets sights on U.S.

At first impression, the man no one knows as Michael Penniman seems uncharacteristically quiet. As he takes a well-earned break from rehearsing for a tour to promote one of the year's most eagerly anticipated music releases, he seems tired and anxious, a far cry from his usual ebullience.
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U.S. urges court to reject Google book deal

The U.S. Justice Department urged a New York court on Friday to reject Google's controversial deal with authors and publishers that would allow the search engine giant to create a massive online digital library.
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US, Air Canada end spat that threatened NHL

The United States and Air Canada appeared on Friday to have settled a spat over charter flights, which had threatened to disrupt the upcoming National Hockey League season.
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Microsoft lets shareholders vote on exec pay

Microsoft Corp's board on Friday approved a proposal to allow shareholders to vote on its executives' compensation, as U.S. corporations' pay policies come under scrutiny in the wake of the financial crisis.
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Parmalat lawsuits against BofA, auditor dismissed

A U.S. federal judge in Manhattan has dismissed three Parmalat SpA fraud lawsuits against Bank of America Corp and the auditing firm Grant Thornton LLP over their roles in the Italian dairy company's 2003 collapse.
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Straightforward history lesson a top-notch thriller

After seeing Judith Ehrlich and Rick Goldsmith's earnest, smart documentary about Daniel Ellsberg and the Pentagon Papers controversy, viewers not old enough when it unfolded might wonder why the story has played such a minor role in popular histories of the era. This informative account deserves more than the very limited theatrical release it's likely to get. The Most Dangerous Man in America: ...
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NY judge blocks higher fees for tobacco dealers

New York's fee increases for cigarette-selling shops were temporarily blocked by a state judge, a retail association said on Friday, leaving the current $100-a-year charge in effect for now.
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U.S. regulator to unveil open Internet plan

The top U.S. communications regulator plans to unveil proposals Monday for ensuring Web traffic is not slowed or blocked based on its content, sources familiar with the contents of the speech said on Friday.
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Ginnie Mae MBS seen vulnerable to FHA loan losses

Investors in U.S. mortgage bonds backed by the Federal Housing Administration own one of the safest bets on Wall Street, yet mounting defaults on the underlying collateral are seen posing risks.
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G20 to seek unity on economic exit strategy

World leaders will probably agree next week to work together when the time comes to end their massive economic stimulus programs and they were also moving on Friday toward a stiffer line on bankers' pay.
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Groups call for EU scrutiny of Google book deal

EU regulators should look into the book settlement that Google Inc reached with a group of U.S. writers and publishers last October because the deal will create a de facto monopoly, European opponents to the book deal said on Friday.
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Dollar rebounds from 1-year low versus euro

The dollar rebounded from a one-year low against the euro on Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback. Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the UK banking sector.
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Google revamps DoubleClick exchange

Google Inc unveiled a new advertising exchange that draws on its search prowess to challenge Yahoo Inc's grip on the market for online display ads.
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U.S. says no breakthrough on Mideast peace deal

U.S. peace envoy George Mitchell did not win any breakthroughs in shuttle diplomacy between Israel and the Palestinians this week but the process will continue, the State Department said on Friday.
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On tap: biggest week for IPOs since 2007

Next week is slated to be the biggest for initial public offerings in the United States in nearly two years -- and some say the resurgence could be sustainable.

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