IBT Staff Reporter

The United States sees China as a vital partner and competitor, but the two countries need to address economic imbalances or risk enormous strains on their relationship, President Barack Obama said on Monday.

U.S. Secretary of State Hillary Clinton on Monday urged Iran to accept a U.N.-drafted proposal to have uranium for a medical reactor enriched abroad.

The U.S. is slow in reaching a negotiating position in the Doha round trade liberalization talks, the World Trade Organisation's Director General said in an Italian business daily on Tuesday.

U.S. Treasury Secretary Timothy Geithner on Tuesday told his Japanese counterpart that a commitment by Tokyo to rely less on exports and more on domestic consumption to power growth will benefit the global economy.

Israeli Prime Minister Benjamin Netanyahu concluded an unusually low-key U.S. visit on Tuesday voicing confidence that his White House talks would benefit Israel's security and peacemaking efforts.

The number of U.S. homes listed for sale fell nearly 3 percent in October compared to September, according to real estate brokerage ZipRealty.

U.S. stocks slipped on Tuesday as investors paused to assess the rally that pushed the Dow industrials to a 13-month high in the previous session and drove the S&P 500 up for six straight days.

The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.

The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.

Major search engines like Google, Microsoft and Yahoo, and eBay are offering free WiFi hotspots around the nation this holiday season till early next year, at airports, hotels and even in New York's Time Square.

The chairman of the U.S. Senate Banking Committee introduced a financial regulation reform bill on Tuesday that leaps beyond earlier proposals, calling for new government agencies on financial stability, bank supervision and financial consumer protection.

Aerosmith's front man Steven Tyler quit but apparently has not notified the band, according to a report.

Softbank Corp, Japan's No.3 wireless carrier, said it will add to its lineup its first phone using Google Inc's Android operating system in the spring, following similar launches by NTT DoCoMo and Verizon Wireless.

Alibaba.com, China's largest e-commerce company, reported its worst profit in three quarters after betting on acquisitions and product development to tap the region's early recovery from the global downturn.

Nokia has started deliveries of its new top-of-the-range model N900, a key product for the world's top phone maker in its battle against rivals iPhone and Blackberry.

Older people with stronger muscles are at reduced risk of developing Alzheimer's disease compared to their weaker peers, a new study shows.

Baytex Energy Trust's quarterly profit dropped 70 percent as weaker commodity prices hurt the Canadian oil explorer.

Vodafone, the world's largest cellphone operator by revenue, has doubled its cost cutting target to 2 billion pounds ($3.33 billion) by 2012 to counter fierce competition in India and Europe.

Women with dense breasts who have had lumpectomies for breast cancer are at a higher risk of a recurrence, according to a new study.

A government financial stability agency would be created under a draft financial regulation reform bill from U.S. Senate Banking Committee Chairman Christopher Dodd obtained by Reuters on Tuesday.

Harley-Davidson will name the investment bank to handle the sale of its Italian motorbike unit MV Agusta next week, launching the sale process for the Italian company, MV Agusta's Managing Director Enrico D'Onofrio said on Monday.

China Minsheng Banking Corp, which is raising up to $4 billion through a public offering of shares in Hong Kong, said on Tuesday that its failed investment in U.S. lender UCBH Holdings Inc will have a limited impact on its business.

A potentially devastating outbreak ofswine flu among the Yanomami Indians in Venezuela's Amazon rain forest appears to be contained for now after a rapid medical response in the remote zone.

The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc , throwing the $7 billion deal into question.

The U.S. economic recovery is under way and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.

General Motors named Nick Reilly, head of the U.S. carmaker's international operations, as interim head of its European business while it searches for a new chief executive for the Opel unit.

Bank of America Corp Chief Executive Officer Ken Lewis said on Tuesday that he expected history to show he was right when it came to controversial steps such as buying struggling brokerage Merrill Lynch & Co.

Americans infected by the H1N1 flu virus would be guaranteed paid sick leave under emergency legislation U.S. Senator Chris Dodd plans to unveil on Tuesday in response to the swine flu pandemic.

The popular blood-thinner Plavix prevents heart attacks and strokes in both women and men, but the benefits differ slightly by gender, U.S. researchers said on Monday.