BUSINESS NEWS CHANNEL : Reuters Business ChannelAsian stocks ease after China data, yen struggles - SINGAPORE (Reuters) - Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.
Geithner urges reform on housing finance market - WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress.
Senate passes $149 billion for jobless aid - WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
U.S. dollar still rules, but debt level a risk: S&P - NEW YORK (Reuters) - The U.S. dollar is still the most important world currency, Standard & Poor's said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency's primacy.
U.S. bailout watchdog criticizes Treasury over GMAC - WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.
BofA under regulatory pressure to shrink: report - CHARLOTTE, North Carolina (Reuters) - Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become "much smaller," Fox Business Network's Charlie Gasparino reported on Wednesday.
Best Buy bets on 3D TV, but no quick payoffs seen - NEW YORK (Reuters) - While James Cameron's 3D sci-fi epic "Avatar" took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
GM CEO says U.S. will make money on bailout - SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
Walmart returns items to shelves after lost sales - SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products.
Macquarie in push to expand U.S. presence: report - NEW YORK (Reuters) - Macquarie Group Ltd , Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.
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