UNITED STATES

U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, The Wall Street Journal reported.

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

Removes references in paragraph 2 to Citigroup needing billions of dollars in new capital

British oil major BP Plc said it was learning to live with oil at $50 per barrel by slashing costs, after the crude price collapse sent first-quarter profit plummeting and debt levels higher.

Stock futures pointed to a lower open on Tuesday as a report that Bank of America Corp and Citigroup Inc may need more capital revived fears about the stability of the struggling financial sector.

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 1.3-1.7 percent, pointing to a sharply lower start on Wall Street.

General Motors Corp on Monday offered its final plan to reorganize outside bankruptcy by slashing bond debt, cutting over 21,000 more U.S. jobs and emerging as a nationalized automaker under majority control by the U.S. government.

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 1.3-1.7 percent, pointing to a sharply lower start on Wall Street.

U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, the Wall Street Journal reported.

Samsung Electronics Co said on Monday that its first phone based on Google Inc's Android operating system would be available in major European countries Europe in June.

U.S. regulators have told Bank of America Corp and Citigroup Inc that following recent stress testing of the two banks they may need to raise more capital, the Wall Street Journal reported.

Renewed fears about the health of the global economy spooked markets on Tuesday as risks rose that Mexican swine flu may become a pandemic and a newspaper report said U.S. banks may need to raise fresh capital.

Oil prices extended losses on Tuesday, falling about 2 percent toward $49 a barrel after a report that Citigroup and Bank of America may need to raise more capital, renewing worries about the financial sector.

Oil prices extended losses and fell below $50 a barrel on Tuesday, as a rising death toll from a flu outbreak that started in Mexico fanned fears of a pandemic potentially hurting the world economy and air travel.

Too many regulators currently watch over U.S. companies and a fear that some industries may soon face even more rules could be hurting the U.S. recovery, two top financial industry executives said.

After 83 years of storied history and with a huge following for its famous older models, Pontiac on Monday became the highest-profile victim of the U.S. auto industry crisis with General Motors Corp's announcement the brand would cease to exist in 2010.

Phoenix-based Stirling Energy Systems announced Monday it is expanding by launching Tessera Solar, a new unit to manufacture the products used to build large solar-thermal power plants in the U.S. and the rest of the world.

Kate Harding has spent most of her life on one diet or another, losing weight but always gaining it back. Determined to improve her quality of life, she joined a fast-growing group of anti-dieting activists promoting overweight people's civil rights.

The cost of carbon capture and sequestration infrastructure in the United States that would include each of the coal-fired electricity plants in the country could cost over a trillion of dollars, industry experts told CBS news program 60 Minutes in a segment that aired on Sunday.

U.S. President Barack Obama proclaimed Monday April 26 through May 2 as National Crime Victims' rights week, honoring crime victims and pledging to fight future crimes.