UNITED STATES

U.S. unemployment not to peak until 2011: Krugman

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Unemployment in the United States will peak only in early 2011 because of a slow and painful recovery from the global economic crisis, Nobel Prize-winning economist Paul Krugman said on Wednesday.
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Three-day rally brings GE stock into black for '09

General Electric Co shares crossed into positive territory for 2009 on Wednesday, in their third day of steady gains, helped by recent brokerage upgrades and easing investor concern about its finance arm.
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United Tech exec says downward trends 'abating'

United Technologies Corp is seeing signs of stabilization in its key businesses, though the diversified U.S. manufacturer still faces difficult end markets, a top executive said on Wednesday.
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Crexus shrinks IPO by 60 pct ahead of pricing

Crexus Investment Corp lowered the number of shares it will sell in its initial public offering by 60 percent, but increased the shares it plans to sell privately to its manager.
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Schwarzenegger boosts clean energy plan

California's governor on Tuesday ordered that a third of the state's electricity come from renewable resources by 2020, the same amount as a legislature plan but with promises to let power companies get more electricity from outside the state.
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JBS eyes No. 1 spot with Pilgrim's, Bertin deals

Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that will propel it to the top of the world meat industry with $30 billion in annual revenue.
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EU to support stimulus, push on trade talks at G20

The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.
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Fed policy makers dividing on hiking rates: Medley

Influential hedge fund adviser Medley Global Advisors issued a report on Wednesday saying there is a growing divide among Federal Reserve policy makers on how quickly they should begin raising interest rates, causing U.S. government bonds to briefly sell off.
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Wall Street gains on weaker dollar and data

Stocks rose for a third straight day on Wednesday as weakness in the dollar lifted commodity and industrial shares while data underscored optimism that the economy was improving.
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U.S. property recession seen through 2011-survey

Most of the U.S. commercial real estate industry is expected to remain in recession through 2011 with an industry-wide recovery not expected to begin until 2012, according to a quarterly survey commissioned by PricewaterhouseCoopers.
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U.S. home builder sentiment highest since May 2008

U.S. homebuilder sentiment rose in September to its highest level since May 2008, the National Association of Home Builders said on Wednesday, bolstering the view that the battered housing market is stabilizing.
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Cheap solar? Texan house aims low to win contest

A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.
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Bank of America, McCann in settlement talks

Lawyers for Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann were in talks Wednesday to resolve his lawsuit accusing the bank of blocking him from taking a job with a rival.

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