UNITED STATES

Caterpillar, Merck results boost futures

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Stock index futures rose on Tuesday, a day after the S&P 500 hit its highest closing level in eight months, after Caterpillar Inc posted stronger-than-expected quarterly results.

U.S. back-to-school spending seen dropping: survey

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U.S. consumers will spend 8.5 percent to 12 percent less this year on back-to-school items than they did last year, as cash-strapped parents try to get children to wear last year's fashions, a retail industry monitor said on Tuesday.
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Small business seeks help in U.S. economic storm

U.S. small businesses say they feel slighted by the Obama administration and efforts to shore up the economy, with large companies taking much of the government's attention and stimulus cash.
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Asia stocks hit 10-month high as earnings reassure

Asian stocks edged up to another 10-month peak on Tuesday after strong company earnings reassured investors that a U.S. economic recovery is taking root, prompting a further shift into riskier assets from the safe-haven dollar.
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Asia stocks hit 10-month high on earnings

Asian stocks scaled a 10-month peak on Tuesday after upbeat company earnings reassured investors that a U.S. economic recovery is taking root, prompting a further shift into riskier assets and away from the safe-haven dollar.
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CIT announces $3 billion loan, restructuring plan

After a tense week of negotiations, CIT Group inc on Wednesday announced that it has entered into a $3 billion loan facility provided by a group of its major bondholders and will begin to restructure its liabilities to provide additional liquidity and improve its capital position.
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Warner Music and YouTube still talking on deal

Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.
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Barnes & Noble unveils online bookstore

Top U.S. bookseller Barnes & Noble Inc announced on Monday the launch of the world's largest online bookstore, with over 700,000 titles that can be read on a range of platforms from Apple's iPhone to personal computers.
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CIT says secures $3 bln credit facility

U.S. lender CIT Group Inc said on Monday it secured a $3 billion credit facility from bondholders and would start a comprehensive restructuring, in moves seen crucial for the company to avoid a bankruptcy filing.
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Obama hits out at Wall Street banks

President Barack Obama said on Monday that Wall Street banks had failed to show remorse for the wild risks that triggered a financial meltdown and helped to push the United States into recession.
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FDA approves seasonal flu vaccine

The Food and Drug Administration approved the ordinary seasonal flu vaccine on Monday and said Americans should plan to be vaccinated.

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