United States

'Toy Story' tops DVD sales, rental charts

Los Angeles -- The animated adventure "Toy Story 3" is the top-selling and renting DVD in the United States, Rentrak reported Thursday.

Coming in at No. 2 on the DVD sales list for the week ending Nov. 7 is "How to Train Your Dragon," followed by "The Pacific" at No. 3, "Sex and the City 2" at No. 4 and "Cars Toon: Mater's Tall Tales" at No. 5.

Rounding out the top tier are "The Karate Kid" at No. 6, "Predators" at No. 7, "Tinker Bell and the Great Fairy Rescue" at No. 8, "Toy Story 2" at No. 9 and "Toy Story" at No. 10.

The No. 2 rental for the week ending Nov. 6 is "Predators."

Geithner denies currency manipulation

Washington -- U.S. Treasury Secretary Timothy Geithner said Thursday the United States has not tried to undermine the dollar for a trade advantage -- and never would.

In a CNBC interview, Geithner said, "The United States would never do that. We will never seek to weaken our currency as a tool to gain competitive advantage or grow the economy. It's not an effective
strategy for any country and it's not for the United States."

S. Korea, U.S., continue free trade talks

Seoul -- A South Korean trade official said free trade talks with the United States would continue one day before a presidential meeting on the issue.

With a Group of 20 summit beginning in Seoul Wednesday evening, Presidents Barack Obama and Lee Myung-bak are scheduled to hold a private meeting Thursday on the free trade agreement signed by both countries in 2007 but not yet ratified in the United States.

Yonhap reported Tuesday South Korean Deputy Minister for Trade Choi Seok-young confirmed talks between trade representatives Ron Kirk and Kim Jong-hoon would take place Wednesday.

DST 2010 concludes: US clocks roll back by an hour

It is first Sunday of November, the time of the year symbolizing the end of Daylight Saving Time (DST) in the nation.

Two luxury brands chase checkered flag

Los Angeles -- For the first time in 10 years the top-selling luxury car in the United States might not be Lexus, Autodata Corp. numbers show.

From January through September, Mercedes-Benz has sold 184,000 vehicles, about 1,000 more than Lexus, The Los Angeles Times reported Saturday.

Autodata said the deal is not sealed yet. Lexus has two months of sales before the end of the year and has been gaining on Mercedes-Benz in recent weeks.

Not likely to see the checkered-flag in luxury car sales, BMW is 7,000 vehicles behind in third place.

But knowing the race to finish first is close could make the consumer the winner, said Brian Smith, Lexus vice president of sales and dealer development.

McDonald's intends to raise prices

Oak Brook, Ill. -- U.S. restaurant chain McDonald's said it was preparing to raise prices to cover higher costs of commodities.

McDonald's has not raised prices since late 1990, Media Post News reported Friday.

The firm said it expected commodity costs to rise up to 3 percent in 2011. The price hikes are expected in Europe and the United States, but the firm did not release details.

"We'll actively look at opportunities and with some optimism the economy will get stronger next year and we'll get price increases," Chief Financial Officer Peter Bensen said.

Copyright 2010 United Press International, Inc. (UPI).

'Dragon' tops U.S. DVD sales chart

Los Angeles -- The animated adventure "How to Train Your Dragon" is the top-selling DVD in the United States, Rentrak reported Thursday.

Coming in at No. 2 on the sales chart for the week ending Oct. 17 is "The Karate Kid," followed by "Iron Man 2" at No. 3, "Jonah Hex" at No. 4, "Tinker Bell and the Great Fairy Rescue" at No. 5, "A Nightmare on Elm Street" at No. 6, "Robin Hood" at No. 7, "Get Him to the Greek" at No. 8, "Splice" at No. 9 and "Prince of Persia: The Sands of Time" at No. 10.

"The Karate Kid" is the top DVD rental for the week ending Oct. 16.

China said to be blocking vital exports

Washington -- U.S. trade officials say they're looking into reports that China is curtailing shipments of rare earths to the United States and Europe.

China mines 97 percent of the specialist metals vital to technologies ranging from hybrid cars to computer monitors, the BBC reported.

A New York Times report, citing anonymous industry sources, said Chinese customs officials had tightened export restriction on the rare earths, while the official China Daily said quotas would be cut 30 percent next year to stop over-mining, a report denied by China's commerce ministry.

"The report is completely false," the ministry said in a statement.

Scientist warns of increasing drought

Boulder, Colo. -- The United States and other heavily populated countries could experience severe and prolonged drought in coming decades, a scientific study says.

A scientist at the National Center for Atmospheric Research in Boulder, Colo,. says most of the Western Hemisphere, along with large parts of Eurasia, Africa and Australia, may be at threat of extreme drought this century, ScienceDaily.com reported Tuesday.

An analysis using computer climate models suggests warming temperatures associated with climate change will likely create increasingly dry conditions across much of the globe in the next 30 years, NCAR scientist Aiguo Dai says.

EU rejects offshore drilling ban

Brussels -- The European Commission said Wednesday Europe requires legislation to make offshore oil drilling safer, but steered away from imposing a drilling ban.

A day after the United States ended a six-month moratorium on deep-water drilling exploration, European Union commissioners recommended a "single new piece of legislation for offshore oil and gas activities," as they rejected Energy Commissioner Gunther Oettinger's proposal to impose a drilling moratorium, The Wall Street Journal reported.

U.S. approves 'power tower' solar project

Washington -- The United States has approved the first large-scale solar energy project on public lands that will use "power tower" technology, government officials said.

The proposed project, to be located in San Bernardino, Calif., could produce up to 370 megawatts of clean energy, enough to power 111,000 to 277,500 American homes when it is completed in 2013, a U.S. Department of the Interior release said Thursday.

"Power tower" technology uses fields of mirrors to focus solar energy on tower receivers near the center of each array. Steam from solar boilers in the towers drive a turbine that generates electricity for the transmission grid.

Guilty plea in illegal sports drug case

Providence, R.I. -- A Chinese drug manufacturer and its chief executive officer pleaded guilty in a U.S. court to illegally marketing a muscle-building drug in the United States.

Lawyers entered pleas Wednesday in U.S. District Court in Providence, R.I., on behalf of the firm, GeneScience Pharmaceutical, and its founder Lei Jin, the Providence Journal reported.

GeneScience was once considered to be a major source of illegally imported human growth hormone to the United States, the newspaper said.

Assistant U.S. Attorney Adi Goldstein said Jin and his company used the Internet to market the drug, sold under the brand name Jintropin, to people throughout the United States.