UNITED STATES

U.S. House puts climate bill on quick pace for passage

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Democratic leaders in the House of Representatives have put major environmental legislation on a fast-track, boosting chances a climate change bill will pass this month or next, leading lawmakers said on Wednesday.
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Costco May same-store sales down 7 percent

Costco Wholesale Corp reported a bigger-than-expected 7 percent fall in May same-store sales, including fuel, hurt by gasoline deflation and unfavorable foreign exchange rates.
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Asia stocks fall, dollar steady after U.S. data

Asian equities and metals prices slipped on Thursday, after disappointing U.S. private employment and services sector data led investors to trim over extended bets and look for better points to buy again.
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Video game industry prays for resilient 2009

Game publishers, in a rare moment of solidarity, joined forces on Wednesday to convey optimism for the future of their $30 billion industry despite spiraling consumer spending and a global economic downturn.
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U.S. court dismisses suits in warrantless wiretaps

A U.S. District Court on Wednesday dismissed lawsuits against telecommunications companies in a warrantless wiretap case, ruling that former President George W. Bush's administration had properly requested the cases closed for national security reasons.
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DISH, EchoStar win stay of TiVo patent award

A U.S. appeals court on Wednesday stayed a Texas court's order forcing set-top box maker EchoStar Corp and satellite pay TV provider DISH Network Corp to disable millions of digital video recorders that infringe on a patent held by TiVo Inc.
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Obama says insurance mandates must excuse poor

President Barack Obama told Congress on Wednesday that any requirement for mandatory health insurance in a proposed overhaul of the U.S. healthcare system should allow exemptions for the poor and for small businesses.
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GM, Chrysler say dealer cuts key part of revival

Top executives of General Motors Corp and Chrysler LLC were pressed by angry U.S. senators on Wednesday to rethink plans to slash more than 2,300 dealerships as a key part of their restructuring.
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Crisis cuts costs for big wind players

Wind farm costs have fallen significantly for companies big enough to finance their own projects as the economic crisis cripples competitors for turbines, an executive from RWE Innogy said on Wednesday.
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Companies not disclosing climate risks: studies

Most global industrial companies that emit a lot of greenhouse gases are not adequately detailing their climate strategies in U.S. financial filings, two studies by environmental and investment groups showed on Wednesday.
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Morgan Stanley seen among first to exit TARP

Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday.
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Oil's drop, recovery worry knock Wall Street

Stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.
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Jobless rates in U.S. cities zoom higher in April

The weak labor market is hurting U.S. cities -- centers of many industries and large housing markets -- with 93 metropolitan areas registering an unemployment rate of at least 10 percent in April, according to Labor Department data released on Wednesday.
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AmEx sees less pain than rivals from new law

American Express Co said on Wednesday that it would suffer less than its rivals from a new U.S. law curbing certain practices by credit card companies because it depends less on interest paid by customers.
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Bernanke sees recession ending soon; warns on debt

Federal Reserve Chairman Ben Bernanke sounded a cautiously upbeat note on the U.S. economy on Wednesday but warned that corralling government debt was vital to ensuring the nation's long-term health.
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Nokia popularity fading among teens: survey

Nokia's popularity among teenagers is fading, as the world's top handset maker has failed to introduce attractive mass-market models, according to a survey by networking site Habbo Hotel.

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