Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.» Read More
NEW YORK, Jan 3- Charities working on Superstorm Sandy relief in New York have raised at least $400 million, New York Attorney General Eric Schneiderman said on Thursday. Of the 88 charities that responded, the American Red Cross raised the most money, with $188 million donated to Sandy efforts as of Dec. 10.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
Jan 3- The U.S. Federal Communications Commission gave Liberty Media Corp the green light to take control of satellite radio company, Sirius XM Radio Inc, Liberty said on Thursday.
WASHINGTON, Jan 3- Belt-tightening in advanced economies may not be as harmful to growth now as it was during the height of the financial crisis, but governments should still be careful about drastic cuts, an International Monetary Fund research paper found on Thursday.
TOKYO, Jan 4- Japan's Nikkei share average is expected to rise on its first trading day of 2013 and could test a nearly two-year high as a deal in Washington to avert the "fiscal cliff" buoys sentiment and a weaker yen is likely to lift exporters.
NEW YORK, Jan 3- TD Ameritrade Holding Corp awarded Chief Executive Fredric Tomczyk $6.52 million in the company's fiscal-year 2012, a 9.1 percent increase over his compensation the previous year, according to a regulatory filing.
WASHINGTON, Jan 3- Banks could have up to three extra years to comply with a new U.S. rule requiring firms that receive federal deposit insurance to spin off some of their swaps trading into separate arms, U.S. regulators said on Thursday.
*American Eagle gold coin sales hit lowest in 5 years. NEW YORK, Jan 3- Sales of U.S. Increased gold selling ahead of U.S. tax increases in 2013 and flat demand had prompted the Mint to lower coin output, said Edmund Moy, chief strategist of Morgan Gold, which offers U.S. retirement accounts that include precious metals coins and bars.
*Fiat, trust still wrangling over Chrysler price in Delaware court. MILAN/ DETROIT, Jan 3- Fiat SpA plans to exercise an option to buy another 3.3 percent in Chrysler Group LLC, the latest step in its march to buy out the U.S. automaker's minority shareholder.
*Toyota, Honda gain market share in 2012. General Motors Co posted December U.S. sales growth of 5 percent compared with the year-earlier month, Ford Motor Co increased sales 2 percent and Chrysler Group LLC's sales rose 10 percent.
WASHINGTON- Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of Mexico in 2010..
*Soybeans down for 3rd session as China canceled orders. NEW YORK, Jan 3- Commodities prices on Thursday surrendered some of the previous session's gains, hit by signs that Federal Reserve officials are increasingly concerned about the potential risks of its asset purchases on financial markets.
WASHINGTON, Jan 3- The rosters of the powerful, tax-writing panels of the U.S. Congress were nearly filled out on Thursday, with three prominent Republicans named to the Senate Finance Committee.
The Federal Open Market Committee's minutes also extended a rally in the U.S. dollar, fueled earlier by concerns about more budget wrangling in Washington. to a rally that has catapulted the U.S. benchmark S&P 500 index near a 5- year high.
*Congressman questions Shell's fitness in the Arctic. The Natural Resources Defense Council and The Wilderness Society on Thursday said the accident involving Shell's Kulluk oil rig is new evidence that oil companies are not prepared to safely manage the extreme conditions of the Arctic.
NEW YORK, Jan 3- With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year.
*Investors eye congressional- White House battles ahead. The Fed's policy of easy credit has helped push the S&P 500 to a 13.4 percent gain in 2012. Ending that policy would remove an incentive for investors to purchase riskier assets like stocks.
WASHINGTON, Jan 3- U.S. officials on Thursday gave four states currently governed by Republicans the green light to set up their own health insurance exchanges under President Barack Obama's healthcare reform law, an initiative largely opposed by Republicans.
WASHINGTON, Jan 3- Federal Reserve officials are increasingly concerned about the potential risks of the U.S. central bank's asset purchases on financial markets, even if they look set to continue an open-ended stimulus program for now.
NEW YORK, Jan 3- Yields on benchmark U.S. government debt hit a near eight-month high on Thursday on signs of growing doubts within the Federal Reserve on its bond-buying program and after stronger-than-expected private jobs data lifted hopes for Friday's labor figures.