U.S. Treasury says Lew to stay in hospital overnight for observation

Treasury Secretary Lew testifies about the President's 2015 Budget on Capitol HillWASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew was running a mild fever and will stay in the hospital overnight on Tuesday after treatment for a benign enlarged prostate, a Treasury spokesperson said. "After his successful outpatient procedure today, Secretary Lew's doctor recommended he stay overnight for observation due to a low-grade fever," Treasury spokeswoman Natalie Wyeth Earnest said in a statement. In an earlier statement, she said the surgical procedure had gone well and that Lew expected to resume his normal work schedule next week. …

Spooked by defaults, China banks begin retreat from risk

A company logo of Chaori Solar is seen at the 12th China Photovoltaic Conference and International Photovoltaic Exhibition in BeijingBy Fayen Wong and Matthew Miller BEIJING (Reuters) – Some of China's struggling firms are finally getting the reception that regulators have been hoping for — a cold shoulder from banks in the form of smaller and costlier loans. Interviews with 15 that agreed to discuss their funding showed that more discriminate lending, long a missing ingredient of China's economic transformation, has become a reality. Up against a cooling Chinese economy and signs that authorities will not step in every time a loan goes bad, banks are becoming more hard-nosed and selective about whom they lend to. There are signs that even state-owned firms, in the past fawned over by lenders for their government connections, have to contend with higher rates, lower lending limits and more onerous checks by banks.

Missouri prepares to execute killer of teenage girl

By Carey Gillam KANSAS CITY, Missouri (Reuters) – Missouri officials were preparing on Tuesday to execute a man convicted of abducting, raping and strangling a teenage girl who was working as a gas station attendant. Jeffrey Ferguson, 59, was twice convicted for killing 17-year-old Kelli Hall, who he kidnapped with an accomplice as she ended her evening shift at a metropolitan St. Louis service station on February 9, 1989. Ferguson is scheduled to be executed at 12:01 a.m. local time on Wednesday at a state prison in Bonne Terre, Missouri. He would be the third man executed in Missouri this year.

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