The U.S. economy is bottoming out and is likely to turn upward later this year, Federal Reserve Board Chairman Ben Bernanke says. See full story. White House won't seek more funds for banks The Obama administration doesn’t need to ask lawmakers on Capitol Hill for more funds to bailout troubled financial institutions, says White House spokesman Robert Gibbs. See full story. Adidas profit drops 97%; break-even half seen Adidas' first-quarter profit nearly evaporates and the firm says the second quarter is looking equally as bleak as the sneaker maker struggles to rein in costs. See full story. Nano response raises concern for Tata Motors India’s Tata Motors has received twice as many orders for the Nano mini-car as it will be able deliver, but the consumer response is still weaker than analysts had expected, raising short-term funding concerns. See full story. Banks may need more capital but AIG won't: reports Reports say the U.S. government may order an estimated 10 banks to boost their capital levels, but beleaguered insurer AIG won’t need further help from Washington. See full story. MARKETWATCH PERSONAL FINANCE Robert Powell: Need cash? Be tax-smart when tapping your assets If you’re strapped for cash, don’t despair: You might be able to tap other assets in order to make ends meet. But, before you start selling this or that fund or stock, consider these tips for pulling from your assets in the most tax-efficient manner possible.

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