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GM drops US loan application after turnaround

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.
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US new homes sales hit 8-month high in December

New U.S. single-family home sales in December rose faster than expected to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery
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US Airways posts quarterly profit

US Airways Group on Wednesday posted a quarterly profit against a year-ago loss as the industry extends a recovery from the most recent economic downturn, and its shares gained in trading before the bell.

US stocks open mixed, Boeing weighs on Dow

US stocks are trading mixed in early trade on Wednesday as declines from Boeing weighed on Dow, while investors and markets await the US Federal Reserve’s meeting and interest rate decision.

Will US support call for reform in Egypt?

The Egyptian government should be responsive to its people's aspirations, the White House has said in measured but unusually strong comments about the raging anti-government protests in Egypt which forced the reported fleeing of the president’s son to Britain.
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US January consumer confidence hits highest since May

U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.

GM sold more cars in China than in U.S. last year

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.
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US top court upholds anti-bias law protections

The U.S. Supreme Court ruled on Monday that a federal law barring retaliation against a worker for complaints about on-the-job discrimination also protected the employee's relative from unlawful dismissal.

Breakthrough after U.S. warns China on North Korea

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.

Treasury's toxic asset funds gain 27 percent

The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday.
Traders work on the floor of the New York Stock Exchange

US futures edge lower ahead of earnings

Futures on major U.S. indices point to modestly lower opening on Monday as investors awaited the earnings from major firms including McDonald's and Texas Instruments.
Haitians run on the street while tires burn during a protest in Port-au-Prince

US issues warning against travel to Haiti

US citizens are urged to avoid any “unessential” travel to the Caribbean country Haiti because of the high crime rate and recent cholera outbreak, the US state department warned in a travel advisory.

US gasoline stocks rose last week

US gasoline stocks rose 4.443 million barrels during the last week as demand languished at seasonal levels while the output from refineries rose, Platts said in a release.

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