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Wall Street climbs with improved liquidity

Stock rose on Wednesday after Morgan Stanley said it will sell a stake to a China firm, while the Federal Reserve said it would lend $20 billion to banks to improve market liquidity.

MPAA Wins Copyright case against TorrentSpy

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The online file sharing service TorrentSpy.com will be held accountable for extensive movie piracy as a federal judge ruled that the website's destruction of evidence made a fair trial impossible.
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Fed proposes mortgage rules to protect borrowers

Lenders will have to confirm that a borrower can afford a mortgage before making a loan under protections proposed by the Federal Reserve on Tuesday, following defaults and losses on U.S. subprime mortgages this year.
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Gold Rallies above $800 on Weak Housing Report

Gold rallied on Tuesday to close about $800 an ounce on speculation that turmoil in credit markets will force the Federal Reserve to cut interest rates, further boosting the appeal of the precious metal.
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BoE's King sees worse to come from credit squeeze

Bad news for financial markets isn't over yet and joint central bank action to ease the credit crunch may not be enough to stop a big slowdown in the world economy, Bank of England Governor Mervyn King said on Tuesday.
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Fed staff proposes new mortgage protections

U.S. lenders would have to determine that a borrower can afford a mortgage before making the loan under a Federal Reserve staff proposal on new regulations released on Tuesday.
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Nintendo says Wii shortages hurt planning

Nintendo Co Ltd is having trouble planning for the coming months because of shortages of its Wii video game console, and the company is also seeing signs of higher-than-expected demand for its DS handheld device, a top U.S. executive said on Monday.
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Toshiba to join IBM, others on chip development

Toshiba Corp said on Tuesday it would join a group led by International Business Machines Corp to develop system chips using 32-nanometre circuitry, as chip makers increasingly team up to cut development costs.
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November Home Starts Down 3.7 Percent

Home building projects started in November fell by 3.7 percent as the pace of single-family home construction was the slowest in more than 16 years, a government report on Tuesday showed. The Commerce Department said housing starts fell to an annual rate of 1.187 million units, slightly better than the 1.180 million unit pace Wall Street economists were expecting.
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Rice flies to Iraq as Turkish troops cross border

Secretary of State Condoleezza Rice urged Iraqi leaders on Tuesday to speed up national reconciliation on a trip overshadowed by an incursion by several hundred Turkish troops into northern Iraq.
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3G iPhone Unlikely Experts Say

In November, AT&T CEO Randall Stephenson has made an announcement that the company, along with Apple, will release a new, faster iPhone next year, though the comments were never confirmed by Apple.
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New Goldman hedge fund to start with over $6 billion

A new Goldman Sachs Group stock hedge fund could be launched with ore than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said. Goldman has been raising money and preparing to launch its latest fund for the past few months.
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Winter storm pounds northeastern U.S.

A snowstorm that blanketed parts of the Midwestern United States barreled into New England on Sunday, bringing snow, freezing rain and high winds that grounded flights and made driving treacherous.
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Ford set to pick Jaguar frontrunner in days

Ford Motor Co. is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.
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December Home Builder Sentiment Holds at Record Low

Home builder sentiment held at a record low for a third consecutive month in December, weighed down by problems in the mortgage market and a huge supply of unsold houses, the National Association of Home Builders on Monday. On Tuesday, investors will get more insight into the hard-hit U.S. housing market when the Commerce Department releases November data on housing starts and building permits.
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EU, U.S. strike compensation deal in gambling row

The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors to compensate for closing the U.S. gambling market to foreign firms.
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Russia delivers first nuclear fuel to Iran

Russia has delivered the first shipment of nuclear fuel to Iran's Bushehr atomic power station, a step Western powers worried by Tehran's nuclear ambitions had urged Moscow not to take.

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