WASHINGTON (Reuters) - Federal Reserve Chairmen Ben Bernanke will meet on Monday with House of Representatives Speaker Nancy Pelosi to discuss how they can work together to boost the U.S. economy, a spokesman for Pelosi said.
DETROIT (Reuters) - German luxury car brand Mercedes-Benz unveiled a small sports utility vehicle (SUV) on Saturday to pursue a profitable niche market as more carmakers target upgrades in off-road models for urban drivers.
NEW YORK (Reuters) - New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from subprime loan-linked investments, The New York Times reported on Saturday.
BEIJING (Reuters) - Chinese policy makers will have a tough time in 2008 battling inflation, excess liquidity and rapid investment, Vice Finance Minister Li Yong said on Sunday.
MANAMA (Reuters) - Boeing Co won an order for 16 of its 787 "Dreamliner" aircraft and options for eight more from Bahrain-based Gulf Air, in a contract worth as much as $6 billion, Gulf Air said on Sunday.
LONDON (Reuters) - Britain has lined up respected executive Ron Sandler to run Northern Rock should the stricken bank be nationalized, fuelling expectations the government could announce a move to state control within days.
CHICAGO (Reuters) - Retailer Macy's Inc plans to cut 271 jobs in the Chicago, Detroit and Minneapolis areas, closing most of its in-store wine shops and several food operations, the Chicago Tribune reported Saturday.
DUBAI (Reuters) - French companies Areva, Total and Suez are involved in plans to build two third generation nuclear plants in the United Arab Emirates, Jazeera Television said on Sunday.
TOKYO (Reuters) - U.S. beef that does not meet Japanese safety regulations has been imported into the country and some may have been already sold to consumers, the Japanese government said on late on Saturday.
NEW YORK (Reuters) - Stocks fell sharply on Friday, capping a third consecutive weekly decline, on a warning by American Express Co of mounting credit-card defaults and a slowdown in consumer spending.
