IBT Staff Reporter

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Genes may protect some people from TB infection

A study involving 128 South African families has identified genetic traits that may protect some people from tuberculosis in a finding that could help lead to a new TB vaccine, scientists said on Saturday.

Group to start project to cut indoor fuel burning

An advocacy group on lung health plans to work with health authorities in 12 countries from 2010 to reduce indoor fuel burning, which causes respiratory diseases and lung cancer and kills 2 million people a year.

Many prostate cancers caught by screening won't kill

The number of prostate cancers diagnosed in UK men each year would jump from 30,000 to 160,000 if the country introduced population-wide screening for the disease, new research shows. However, many of those cancers are low-risk and may not lead to death.

U.S. rate views boost dollar; hit stocks and gold

World stocks slipped on Monday from last week's 14-month high while the dollar hit a five-week peak as investors grew convinced U.S. interest rates could rise soon after the previous session's robust jobs report.

Senator Dodd to press financial reform ahead: aides

Senator Christopher Dodd chairman of the Senate Banking Committee, is ready to push through a controversial financial regulation reform bill with or without Republican support, senior aides said, just days before the House of Representatives votes on its own reform legislation.

U.S. regulators unlikely to break up biggest banks

U.S. lawmakers are looking at ways to limit the damage that large banks, insurers and funds can wreak on the financial system, but breaking up healthy companies is unlikely to be part of the mix because it is too difficult to implement.

Stock futures signal dip; investors eye Bernanke

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 3:40 a.m. EST.

Gold falls 2 percent as dollar strengthens

Gold prices fell 2 percent to session lows in Europe on Monday, on selling prompted by the dollar's rise to a five-week high versus the euro following above-consensus jobs data in the previous session.

Dollar index hits 5-week high, euro falls

The dollar hit a five-week high against a currency basket on Monday, extending its rally from Friday when strong U.S. jobs data fueled speculation the Federal Reserve may consider winding down its stimulus measures.

Oil falls to $75 as dollar rises

Oil prices dropped to $75 a barrel on Monday reacting to a rising dollar and tracking weak European equities as investors became more risk averse.

Stock futures signal dip; eyes on Bernanke

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 0840 GMT (3:40 a.m. EST).

U.S. bank bailout estimate cut by $200 billion

The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.

Five AIG execs say may quit over pay: report

Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.

Dubai won't sell assets for Dubai World debt

Dubai's government will not sell any assets to meet the obligations of state-owned Dubai World, but the conglomerate itself might sell some of its foreign assets, Dubai's finance chief told Al Jazeera television.

U.S. cuts estimate of bank bailout costs

The projected long-term cost of the government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a United States Treasury Department official said on Sunday night.

Citi seeks government nod to repay taxpayers: report

Citigroup Inc is trying to persuade the U.S. government to allow it to repay $20 billion in taxpayer funds before a window to launch a share sale effectively shuts by the middle of next week, the Financial Times reported on Sunday.

Facebook forms board on online safety

Social networking site Facebook said it has formed an advisory board comprising five Internet safety organizations to consult on issues related to online safety.

How to invest in water

A global water crisis is looming, but the path to profits is a muddy mess of regulated industries, giant companies with small water operations, and start-up technologies.

Starwood to open another 15 hotels in India by '12

Starwood Hotels & Resorts plans to add another 15 hotels in India by 2012 and the hotel operator's chief executive said that untapped demand in the country could spell swift returns for the new properties.

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