UNITED STATES

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$16 billion invested in U.S. wind power market in '08

Wind power capacity in the United States increased by 8,558 megawatts in 2008 and $16 billion were invested in wind projects during that year making it the fastest-growing wind power market in the world for the fourth consecutive year, according to the 2008 Wind technologies market report from the Department of Energy released Thursday.

CIT bankruptcy fears pummel its bonds and shares

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Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply on Thursday and its shares to plummet after it said government bailout talks had ended.
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Lawmakers slam Paulson on BofA-Merrill deal

U.S. lawmakers on Thursday ripped into former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch and other actions to cope with the deep financial crisis that gripped the country last year.
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Recession sends Americans to the Internet

It's not just family and friends that Americans are turning to for advice and support to cope with the prolonged recession; many have found a counselor in the Internet.
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Wall St rises on tech shares, earnings optimism

U.S. stocks rallied for a fourth day on Thursday after JPMorgan's robust results added to growing optimism about the quarterly earnings season and technology shares rose in anticipation of more good news.
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List of nominees for 61st Emmy Awards

Following is a list of nominees in key categories for the 61st Annual Primetime Emmy Awards. The winners for U.S. television's highest honors will be announced at a ceremony broadcast live from Los Angeles on September 20.
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CIT's shares, bonds plunge on bankruptcy fears

Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply and its shares to plummet on Thursday after it said government bailout talks had ended.
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Lawmakers hit out at Paulson over BofA-Merrill

U.S. lawmakers on Thursday slammed former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch, saying authorities suppressed information about losses and bullied executives into going through with the deal.
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Ahmadinejad: Iran will bring down Western foes

Newly re-elected President Mahmoud Ahmadinejad said on Thursday his next government would bring down the global arrogance, signaling a tougher approach by Tehran toward the West after last month's disputed election.
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Sun shareholders approve sale to Oracle

Sun Microsystems Inc shareholders approved the computer maker's $7 billion sale to Oracle Corp as the two await antitrust clearance from U.S. and EU regulators before they can close the deal.
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U.S. may need another fiscal stimulus: Roubini

The United States may need a second fiscal stimulus worth $200-250 billion around the end of the year, but the worst of the economic and the financial crisis is already behind us, leading economist Nouriel Roubini of RGE Global Monitor said on Thursday.
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Obama looks for Republican healthcare backing

President Barack Obama on Thursday sought to convince Republicans to support overhaul of the U.S. healthcare industry, his signature domestic policy goal, as the measures moved on a fast-track through congressional committees with only Democratic support.
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Fee waivers pinch Schwab's profit, more to come

Near-zero U.S. interest rates forced Charles Schwab Corp to slash the asset management fees it charges clients, weighing on its profit -- and much more slashing is expected before year end.
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US July home builder sentiment highest since Sept

U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
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Stanford receiver wants to hire private equity firm

The receiver charged with marshaling assets of accused swindler Allen Stanford said in court papers on Thursday he needs the help of a private equity adviser to manage the estate's web of investments which total about $650 million.
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Home builder sentiment highest since September

U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
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GM sees gains in RHJ/Opel deal, but faces hard sell

General Motors GMGMQ.PK will have a hard time overcoming Germany's resistance to a financial investor if it wants to sell Opel to RHJ (RHJI.BR) in the hope that it could later buy its European carmaker back.
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Fed says it should keep consumer protection role

The Federal Reserve on Thursday pushed back against a White House plan to give some of its consumer protection powers to a new agency, arguing there was a compelling case for the central bank to keep them.
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July home builder sentiment highest since September

U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
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Mid-Day Minute - July 16

Paulson sees no 'evidence of any illegal actions,' JP Morgan profit jumps 36 percent, Natural gas stockpiles increase below forecasts

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