Obama sure US, China can avoid trade war

Obama spoke after China responded swiftly to the Obama administration's announcement on Friday of safeguard duties on tire imports from China, saying on Monday it would request World Trade Or ...[more]

Obama tells Wall Street to get behind regulatory reform

Obama, who has focused most of his energy on healthcare reform in recent weeks, went to Wall Street to highlight another top priority of his administration -- updating financial rules to prev ...[more]

BNY Mellon offers $4 billion to end Russia lawsuit: report
) may restart trade-finance lending to Russia as a part of an out-of-court settlement of a $22.5 billion lawsuit against the bank, Kommersant business daily and the Wall Street Journal reported on ...[more]
Lilly cutting 5,500 jobs before Zyprexa lapse

The Indianapolis-based drugmaker, whose revenue outlook has also been dimmed by competition for its Byetta diabetes drug and safety concerns for its recently approved Effient blood clot preve ...[more]

CEO says Lilly willing to switch gears, if needed

"We'll obviously be very focused and aggressive on diabetes and oncology, but if a good acquisition opportunity comes along in neuroscience, we wouldn't look the other way," he said in an inte ...[more]

Elan, J&J cut deal price, resolve Biogen dispute
) has resolved a disputed partnership agreement with Biogen Idec Inc (), lowering the price Johnson & Johnson () will pay for a minority stake in the Irish drugmaker.

Elan said ...[more]

Home Depot to sell Martha Stewart home goods 2010

Martha Stewart Omnimedia Inc and Home Depot declined to reveal any financial terms or specify the duration of the agreement.

Robin Marino, Martha Stewart's president and chief executi ...[more]

Fed may have to share oversight power: Frank

Representative Barney Frank, the powerful chairman of the House of Representatives Financial Services Committee, also predicted that, overall, the White House was likely to get much of what i ...[more]

Obama move on China tires could spur more requests

"It's a target-rich environment," said Lewis Leibowitz, a lawyer who represents the Consuming Industries Trade Action Coalition, which opposed relief in the tires case.

"There's almos ...[more]

Fed's Yellen says tepid U.S. recovery under way

Janet Yellen, president of the San Francisco Fed, said that the Fed's policies need to protect against "disinflationary forces" that currently pose a bigger threat to the U.S. economy than th ...[more]

U.S.-China leadership can take air out of tire spat

Most China experts say the two interdependent economic powers have too much to lose to allow such a tiny portion of massive bilateral commerce trigger a trade war. Rhetoric may run hot but re ...[more]

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