UNITED STATES

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U.S. commercial property price drop slows

Prices of U.S. office, retail and apartment buildings fell 1 percent in June, easing from steep slides in the previous two months, according to the Moody's/REAL Commercial Property Price Index released on Wednesday.

New indie film companies look for market rebound

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Looking for a rebound in the risky independent film business, several newly formed U.S. companies aim to fill a void created in the past 18 months when major players failed due to a glut of movies in the market.
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Oprah and Dr Oz sue over alleged false endorsements

Talk show host Oprah Winfrey and television expert Dr. Mehmet Oz, a frequent guest on Winfrey's show, sued more than 50 businesses on Wednesday, saying they had falsely claimed the pair endorsed various beauty products and dietary supplements.
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Swiss to reveal some UBS accounts, others banks eyed

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
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Swiss to reveal UBS accounts to settle U.S. tax battle

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
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Bank execs see their industry lagging economy-survey

Banking and financial services executives have a less than rosy outlook for their industry relative to the economy as a whole, according to a study by tax and advisory firm KPMG [KPMG.UL] released on Wednesday.
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Michelle Obama's shorts cause a stir (Photo)

First lady, Michelle Obama, is on the spotlight again for her fashion, this time however not many people not many people are in favor of the mid-thigh shorts she chose to wear on a family holiday to the Grand Canyon.
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Swiss to reveal UBS accounts to settle U.S. tax row

Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
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Consumers to benefit as credit card law debuts

U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.
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Oil soars on sharp U.S. inventory draw

Oil surged more than 4 percent on Wednesday after U.S. government data showed a steep drop in crude imports and inventories in top consumer the United States.
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Not Your Parents' Gasoline

Gasoline pumps have been labeled as Regular, Midgrade, and Premium based on octane rating for many years, but modern gasoline formulations have many other attributes. Performance and emissions standards that govern how gasoline is made, which have varied over time and by location, affect the production cost of gasoline and its retail price.
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Central bankers to mull crisis lessons at retreat

Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.

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