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Karey Wutkowski

US to target excessive financial risk-taking

US President Barack Obama will propose stricter limits on financial risk-taking on Thursday in a move that may recall Depression-era curbs on banks.

Focus shifts to jobs as US stress tests reveal no surprises

Investors breathed a sigh of relief on Friday after the results of stress tests on United States banks revealed no nasty surprises.

X Prize dangles $10-million for fuel-efficient car

More than 60 teams from nine countries have lined up to chase a -million prize for making a green supercar that smashes records for fuel efficiency, organisers of the competition said on Thursday. ''We're not talking about concept cars,'' said Peter Diamandis, chief executive of the X Prize Foundation.

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