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E-prescribing to soar with new spending: study

As many as 75 percent of U.S. doctors will be writing electronic prescriptions within five years, thanks to new federal spending to encourage e-prescribing, according to a forecast released on Monday.

What is the Deficit Endgame?

No one yet has any real idea about when the global financial crisis will end, but one thing is certain: government budget deficits are headed into the stratosphere. Investors in the coming years will need to be persuaded to hold mountains of new debt.

E-prescribing to soar with new spending

Small businesses get loan help as job creation eyed

President Barack Obama moved to boost U.S. job creation on Monday by making it easier for small business owners to borrow money and by spending up to $15 billion to ensure credit is available for small business loans.

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U.S. homebuilder sentiment steady

U.S. homebuilder sentiment was steady at lower levels in March as a harsh economic environment kept potential buyers on the sidelines, the National Association of Home Builders said on Monday.

Oil rises above $47 on equities rally

Oil rose to more than $47 on Monday, reversing earlier losses, on the view that OPEC cuts had started to take effect and a rally in equity markets.

AIG payments to banks stoke bailout rage

Goldman Sachs Group Inc and a parade of European banks were the major beneficiaries of $93 billion in payments from AIG -- more than half of the U.S. taxpayer money spent to rescue the massive insurer.

Pakistan defuses crisis, agrees to restore judge

Pakistan's government agreed on Monday to reinstate Iftikhar Chaudhry as chief justice in a surprise move to defuse a crisis and end agitation by lawyers and activists that had threatened to turn into violent confrontation.

U.S. bank stocks rise amid optimism a bottom was hit

Bank stocks rose Monday on optimism that efforts to revive economies worldwide will bolster results.

U.S. output plummets, manufacturing at record low

U.S. industrial output fell to its lowest level in almost seven years in February and manufacturing in New York state slumped further this month, according to data on Monday that pointed to a worsening economy.

U.S. seeks Madoffs to forfeit homes, boats, piano

U.S. prosecutors want swindler Bernard Madoff and his wife Ruth to forfeit more than $100 million worth of homes, cars, boats, securities, silverware and a piano following his March 12 guilty plea, according to court papers.

Suicide bomber kills 11 in southern Afghanistan

A suicide bomber killed 11 people, including nine police officers, in southern Afghanistan on Monday, a day after one of the deadliest attacks against foreign troops in recent weeks, officials said.

Israel's Netanyahu secures first coalition partner

Israeli Prime Minister-designate Benjamin Netanyahu's party secured its first coalition partner on Sunday, reaching an initial agreement with the ultra-right Yisrael Beiteinu party, an official said.

Bank optimism powers Dow and S&P, but tech off

The Dow and S&P 500 stock indexes rose on Monday, extending their recovery from 12-year lows reached this month, as investors became more hopeful that some stabilization may be returning to the banking sector.

Qualcomm says court dismisses Broadcom complaint

A federal court has dismissed a Broadcom Corp complaint against rival Qualcomm Inc, the latest move in their long-standing battle over mobile phone technology patents, Qualcomm said on Monday.

GE shares back above $10

Shares of General Electric Co rose above $10 on Monday for the first time in almost a month after an analyst at UBS lifted a short-term sell rating from the stock.

Price battles looming for food makers

What a difference a year -- and a recession -- makes for the food industry.

Bank optimism powers Dow and S&P, but Nasdaq drags

Oil falls to $44 after OPEC keeps output steady

Oil fell to around $44 a barrel Monday after OPEC decided to leave existing output targets unchanged.

Stocks set for higher open

Stocks on Monday were set to extend their recovery from 12-year lows reached earlier this month after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.

IRS seeks $227 million in back taxes from Stanford

The U.S. Internal Revenue Service has asked a judge to let it to continue to seek unpaid back taxes from Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, court documents show.

Global equities up for 5th session in row on econ hope

World stocks climbed again on Monday for their fifth session gain in a row, lifted by hopes that the U.S. economic downturn may be bottoming out and with investors seeking to take advantage of cheaper equities.

Stock futures rise as Barclays adds to bank optimism

Stock futures rose on Monday, putting Wall Street on course to extend its recovery from 12-year lows reached earlier this month, after Britain's Barclays became the latest bank to buoy hopes that some stabilization may be returning in banking.

Equities up for 5th session in row on econ hope

UBS proposes ZFS, ABB execs for board

Switzerland's UBS, the world's largest wealth management company in terms of assets, proposed three new candidates to its board of directors on Monday.

Plan for huge wind farm moves forward

A $1 billion proposal to build the first massive U.S. offshore wind-power farm has moved a step closer to overcoming permit requirements in Massachusetts, where it faces opposition from some influential residents.

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