U.S. regulators released a blueprint for upgrading Internet access for all Americans, with Internet speeds up to 25 times the current average, expanded coverage and more airwaves for mobile services.
The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
Canadian 3D map maker, Intermap Technologies Corp, signed a three year contract with top U.S. navigation device maker Garmin Ltd, in a deal that could make its technology a must-have in the hot navigation market, sending its shares up as much as 18 percent.
Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar.
The stock market rallied from a morning loss to inch into positive territory by the closing, a pattern often seen in recent sessions.
Toyota Motor Corp said on Monday it had found no evidence to support the driver's version of a widely publicized runaway Prius episode a week ago, suggesting that authorities examine whether the incident happened as reported to police.
President Barack Obama was in Ohio on Monday to urge Congress to pass health care reform as he brought to the spotlight the case of Natoma Canfield, an Ohio woman who dropped her insurance coverage and a few months later was diagnosed with leukemia.
Credit card delinquency rates slipped or held firm at most major U.S. lenders last month, showing fewer Americans are falling behind on bills, and providing some evidence that the worst of consumers' stress may be over.
The euro fell against the dollar on Monday, weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.
U.S. regulators released a blueprint for upgrading Internet access for all Americans, with an emphasis on speed, expanding coverage and freeing up more airwaves for mobile services.
Credit card delinquency rates slipped or held firm at five major U.S. lenders last month, showing fewer Americans are falling behind on bills and suggesting the worst of consumers' stress may be over.
Corrects last paragraph to make clear TARP application was made in November 2008 and chairman Glascoff spoke on March 10, 2009. The errors first occurred in UPDATE 1
U.S. industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month.
The former president of New York's privately held Park Avenue Bank was arrested on allegations of fraud on Monday, including charges of making false statements in the failed bank's application for U.S. government bailout funds.
The stock market fell modestly on Monday as market participants digest developments on policy decisions from world governments, notably those of the U.S. and China.
The U.S. Department of State is urgently advising travelers to take precautions when visiting Mexico during the spring break amid increased drug-related violence in the nation.
The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill on financial regulatory reform unveiled on Monday by the chairman of the Senate Banking Committee, Christopher Dodd.
The Federal Communications Commission on Monday released a set of goals to modernize high-speed Internet access for Americans, including plans to free up more airwaves for mobile services.
Consol Energy Inc agreed to buy Dominion Resources Inc's Appalachian natural gas properties for $3.48 billion in cash, giving Consol a leading position in the growing Marcellus Shale field.
Senate Banking Committee Chairman Christopher Dodd on Monday unveiled a bill to revamp U.S. financial rules that would place a consumer protection agency within the Federal Reserve and give the central bank new powers over non-bank financial firms.
Safety investigators have found no evidence so far to support or disprove a California motorist's claim that his Toyota Motor Corp Prius sped out of control on its own, and cautioned that the case may never be explained, U.S. regulators said on Monday.
