UNITED STATES

Many Americans have been getting a break on their electricity bills during the recession, but they should not expect the relief to last long as power demand recovers and climate regulations loom.

Oil prices sank 4 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.

The new board of General Motors Co [GM.UL] has emerged as a key player in the outcome of the automaker's long-running talks to sell off its Opel unit.

U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors.

Oil prices sank 3 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.

Stocks climbed on Tuesday, briefly hitting 2009 highs after strong housing and consumer confidence data, while Ben Bernanke's renomination as Fed chairman ended uncertainty about the central bank's leadership as the economy recovers.

The White House and the Congressional Budget Office released new estimates on Tuesday of the scope of federal budget deficits and the health of the U.S. economy.

The new board of General Motors Co has emerged as a key player in the outcome of the automaker's long-running talks to sell off its Opel unit.

Larger-than-expected improvements in U.S. housing prices and consumer confidence on Tuesday lent new weight to signs the economy is emerging from the longest and deepest recession since the 1930s.

U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors.

Oil prices sank into negative territory on Tuesday as dealers took profits from a rally earlier in the day to a 10-month high.

U.S. stocks pushed ahead on Tuesday after strong housing and consumer confidence data briefly sent indexes to 2009 highs, and investors were relieved about Ben Bernanke's renomination as Fed chairman.

An international airport for a future state of Palestine, national institutions and new rail links were listed by the Palestinian prime minister on Tuesday in a government program needing foreign funding.

Prices of U.S. single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday.

Italy's Fiat SpA (FIA.MI) needs to find a better route into the booming Asian car markets if it wants to catch its competitors and seal a place near the front of the grid of global automakers.

Prices of U.S. single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday.

Burger King Holdings reported a higher quarterly profit on Tuesday, helped by lower costs for food and paper, and shares rose 8.6 percent after executives said traffic appeared to have bottomed in May.

AIDS expert Dr. Helene Gayle, president and chief executive of the charity CARE USA, has been named to chair the Presidential Advisory Council on HIV/AIDS, the U.S. government said on Monday.

Oil prices sank into negative territory Tuesday as dealers took profits from a rally earlier in the day to 10-month highs.

Higher testosterone levels might explain why some women seek out risky financial trading jobs while others stick to more stable business careers, U.S. researchers reported on Monday.

Yahoo Inc said on Monday it has revamped its search to compete against Microsoft Corp's Bing, even as it relies on the Redmond giant to power its queries.