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Health authorities prepare to limit flu drug use

The two drugs used to treat the influenza should be used carefully and only when needed for the chronically ill, pregnant women and other vulnerable patients, global health officials said on Tuesday.

U.S. elected to U.N. rights council for first time

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The United States won election to the U.N. Human Rights Council for the first time on Tuesday, joining 17 other nations picked for the body, after the Obama administration ended a U.S. policy of boycotting it.
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Forex Daily Commentary - 13/05/2009

The Australian Dollar opens higher than this time yesterday at 0.7646 as the US trade deficit for March came in less-than-expected diminishing demand for safe havens and prompting traders to move back into higher yielding assets.
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Sickly market sparks commercial mortgage feud

As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins.
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BofA, other U.S. banks scramble for capital

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer already.
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Chrysler offering buyouts to union workers

Chrysler LLC will offer new buyouts to factory workers at seven of its eight U.S. plants slated for closure under its bankruptcy plans, the United Auto Workers union said on Tuesday.
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Obama to push Israelis, Palestinians on peace

U.S. President Barack Obama will urge Palestinian, Israeli and Egyptian leaders to take the steps necessary to achieve peace in the Middle East when they visit Washington this month, the White House said on Tuesday.
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Pakistan soldiers swoop on Taliban stronghold

Helicopter-borne Pakistani soldiers swooped into a Taliban stronghold in a remote corner of Swat on Tuesday as the United Nations urged help for hundreds of thousands of people displaced by the fighting.
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U.S. grants $25 million in funds for wind tech center

The Department of Energy granted $25 million to the state of Massachusetts to accelerate the development of a facility that once completed will become the first commercial facility in the United States able to test wind turbine blades longer than 50 meters.
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GE seeking stimulus funds for battery venture

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.
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B of A, other U.S. banks scramble for capital

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see a bigger cushion against a deep recession, or proof that they have enough of a buffer already.
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Profit taking and more stock offers hurt S&P

The S&P 500 and Nasdaq fell on Tuesday on profit taking in financials and technology, while a drop in U.S. exports and fresh stock sales by various companies damped investor enthusiasm.
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Miss California keeps her crown

Pageant owner, Donald Trump, announced on Tuesday that Miss California USA, Carrie Prejean, can keep her crown despite all the controversies that surround her regarding her view on gay marriage and her pics in underwear.
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Wall Street slides on profit taking

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.
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New virus could still mutate, spark pandemic: WHO

The new H1N1 flu virus could still mutate into a more virulent form and spark an influenza pandemic that could be expected to circle the globe up to three times, the World Health Organization said on Tuesday.
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GM shares fall to 76-year low after execs dump stock

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM's top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

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