UNITED STATES

Consumer confidence perks up, house prices sag

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Improving labor market conditions lifted U.S. consumer confidence to an eight month high in December, but persistently weak house prices remain an obstacle to faster economic growth.
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Lucky Friday mine

Gold, Gold Mining Shares Fall

Gold prices declined Tuesday as investors sold ahead of the expiration of January options contracts in one of the lightest trading weeks of the year.
The Mall of America

A New Yorker's Opinion: I'm Shopping for a New U.S. Economy

Every year I have to go return some gift. I don't need a sweater, but I could sure use more working people. The virtuous circle of capitalism only works when everyone is working. That's how consumers pay my bills, and everyone else's, too.
U.S. Federal Reserve

Obama Taps Stein, Powell for Fed Board of Governors

President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors.
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Wall Street flat as Santa rally falters

Stocks fluctuated between small gains and losses in a light-volume session on Tuesday, suggesting a 5 percent rally over the past four trading sessions may have largely run its course.
U.S. President Barack Obama

Obama Approval Rating Surges: Gallup

In the latest survey, 47 percent of America approve how Obama is doing his job. The results are the highest for Obama, the Democratic president seeking a second term, since July of this year. Also, it's a five percent improvement since the last Gallup survey, taken Dec. 16-18.
U.S. National Debt

Obama to Ask for $1.2 Trillion Debt Ceiling Increase

The Obama administration plans to seek an increase in the nation's borrowing power, less than half a year after a debt ceiling debate cost the U.S. its stellar credit rating and brought government to a dead halt.
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Sears to close more stores as holiday sales slump

Sears Holdings Corp will close as many as 120 of its Kmart and namesake big-box stores after sales during the peak holiday period fell sharply, and the retailer also forecast that fourth quarter earnings would fall by more than half, sending its shares plunging some 25 percent.

Efforts to Impeach Judges Hit New High in 2011

The Iowa Supreme Court's 2009 same-sex marriage ruling and an injunction on Oklahoma's voter-approved ban on Sharia were a couple of the more controversial decisions that sparked impeachment calls.
Foxconn Seeing To Buy Sharp

LCD makers in $553 million U.S. price-fixing accord

Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors.

New Painkiller Zohydro is 10 Times Stronger than Vicodin, Abuse Experts Alarmed

Companies working to develop a pure hydrocodone drugs have abuse experts and drug control advocates warning that the product will be highly addictive. Drugs like Zohydro, which opponents are already calling the next OxyContin, will be 10 times as strong as Vicodin, and the first time pure hydrocodone will be sold legally in the U.S.
The Beidou satellite navigation system will help China become more independent, in addition to providing the country with location-based needs. Beidou is China's response to the United States' GPS platform.

Beidou: Meet China's GPS Solution

China launched Beidou on Tuesday, which is the country's response to the U.S. GPS platform. The satellite navigation system will help China become more independent, in addition to providing the country with location-based needs.
Case Shiller Oct

Case-Shiller Home Price Index Falls in October

Home prices in 20 major U.S. cities fell 3.4 percent in October compared with the previous year, signaling continued weakness in the housing market, according to the S&P/Case-Shiller Home Price Indices.

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