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The California Institute for Regenerative Medicine granted $24 million on Friday to stem cell researchers in the state.
Most of the money, $23 million, will fund research into the derivation and propagation of new lines of pluripotent human stem cells, those with the potential to form almost all of the cell types of […]

At least 193,000 employees in New York City work for a foreign-run company, but rising protectionism and the sinking dollar could jeopardize future investments by employers, according to a study.
Although New York City’s global ties are “part of its DNA,” the study warned that the city is losing the competition for global influence to […]

The Bank of Japan is concerned that rising energy and raw-materials costs may force the nation's companies and consumers to spend less, policy board member Seiji Nakamura said.
“Even though capital spending and personal consumption remain solid, we need to carefully watch whether weakening of the spending mechanism will hurt domestic demand,'' Nakamura, 66, […]

Consumer confidence in Germany and Italy dimmed as soaring energy prices sapped households' purchasing power, adding to evidence that economic growth is faltering across the euro region.
GfK AG's index for July, based on a survey of about 2,000 Germans, fell to 3.9 from a revised 4.7 in June, the Nuremberg- based market-research company […]

Swiss bank UBS AG said Friday that it will disclose any instances in which rich American clients may have broken U.S. tax reporting rules by channeling assets through offshore shell companies.
The disclosure comes after the Zurich-based bank said it was cooperating with a U.S. investigation into whether its employees helped clients evade taxes from […]

A former UBS executive has pleaded guilty in a U.S. tax case that is part of a wide-ranging probe into whether the Swiss banking giant helped wealthy clients hide assets and evade taxes.
Bradley Birkenfeld entered the plea of guilty to one count of conspiring to defraud the United States in federal court in Fort […]

The U.S. and China agreed to start negotiations for an investment treaty that would guarantee access for the nations' companies to buy assets in the other country, two American government officials said.
The treaty will take at least a year to complete, the officials told reporters on a conference call today, on condition of […]

Citing higher fuel prices, United Airlines said Thursday it will begin charging domestic passengers $15 each way for one checked bag.
The carrier, based in Chicago, Illinois, said the fee to check a second bag will be $25 each way. The fee to check three or more bags, overweight bags or "items that require special […]

Australian interest rates at a 12- year high “are essential'' to restrain inflation, which poses a greater threat to the economy than the global credit crunch, central bank Governor Glenn Stevens said.
“Inflation has picked up and needs, over time, to be reduced,'' Stevens said in a speech in Melbourne today. “There is not […]

A car abandoned on a bridge with the phrase "Suicide is Painless" scrawled in the dust on its hood is registered to a hedge-fund swindler who was supposed to report to federal prison, state police said Tuesday.
Investigator Bruce Cuccia said suicide has not been established, no body has been found and no one saw […]