Insight: Why Citi wants to rack up U.S. taxes
Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes. The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 ...

Asian shares ease as Fed meeting keeps markets on edge
Asian shares eased on Tuesday as investors waited for Federal Reserve Chairman Ben Bernanke to clarify the U.S. central bank's plans for its stimulus program - with the mere suggestion of fine-tuning it ...

Third Point ups Sony stake, calls for independent...
New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, ...

Obama says Bernanke has 'stayed a lot longer' than he...
President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than ...

Analysis: Companies may turn to courts on U.S. natural...
U.S. companies hoping to export natural gas are frustrated by lengthy delays and rule changes as they await U.S. Department of Energy approval of their applications and may turn to the courts to speed ...

Airlines' performance improves, lags other industries:...
U.S. consumers are more satisfied with airlines in recent years but the industry still gets relatively low marks, mainly due to the onboard experience, according to a new customer poll released on Tuesday. ...

Court appoints lead plaintiff in shareholder lawsuit...
A New York court designated a pension fund as the lead plaintiff in a lawsuit filed by shareholders of Elan Corp against SAC Capital, a court filing showed, as the hedge fund continued to face varied legal ...

Japan says G8 stance is sign of approval for 'Abenomics'
Japanese cabinet ministers welcomed the Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation ...

Sprint sues Dish, Clearwire as key deadline looms
Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier ...

China May home prices rise at fastest pace this year
China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances ...