UNITED STATES

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Two Koreas hold rare talks on split families

Red Cross officials from South Korea arrived in the North for three days of talks on Wednesday in a rare meeting between the rivals to discuss the plight of families separated by the 1950-53 Korean War.

Pakistani forces launch air attack on Taliban

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Pakistani helicopter gunships stepped up attacks on Taliban positions in the South Waziristan region on Wednesday, a day after militants confirmed that their leader was dead and announced his successor.
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Wall Street to open little changed after data

Wall Street was set to open little changed on Wednesday after data for new orders of long-lasting U.S. manufactured goods recorded their biggest gain in two years in July, but rose less than forecast, excluding transportation.
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Kennedy political dynasty marked by tragedy

The lives of Kennedy family members, noted for their extraordinary accomplishments, have also been marked by tragedy, including the assassinations of President John Kennedy and of Senator Robert Kennedy.
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Kennedy's death another chapter in healthcare saga

Senator Edward Kennedy's death comes as a political struggle appears to be chipping away at the Democratic power-broker's vision for what he called the cause of my life, providing affordable healthcare coverage to all Americans.
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Kennedy death puts family dynasty in doubt

Senator Edward Kennedy's death marks the twilight of one of America's most fabled political families, with no heirs to the Kennedy name poised to emerge with the same mix of gravitas, ambition and celebrity.
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Durable goods orders surge on aircraft

New orders for long-lasting U.S. manufactured goods recorded their biggest gain in two years in July, buoyed by a surge in aircraft orders, a government report showed on Wednesday.
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U.S. durable goods orders surge in July

New orders for long-lasting U.S. manufactured goods rose more than expected in July, posting their biggest gain in two years, according to a government report on Wednesday that offered more evidence a modest economic recovery was probably starting to take shape.
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Obama heartbroken at death of Edward Kennedy

President Barack Obama said on Wednesday he was heartbroken by the death of Senator Edward Kennedy, a longtime pillar of the Democratic Party who was a crucial supporter of his presidential candidacy.
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Senator Edward Kennedy dies at age 77

U.S. Senator Edward Kennedy, a towering figure in the Democratic Party who took the helm of one of America's most fabled political families after two older brothers were assassinated, died at age 77, his family said.
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Japan exports dip, stimulus effect may be waning

Japan's exports slipped in July as annual drops in exports to the United States and China accelerated, in a sign that the impact of stimulus measures in major economies worldwide may be starting to wane.
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Toyota to cut capacity amid sales slump

Toyota Motor Corp , the world's largest automaker, said it would halt a production line in Japan as it looks to cut excess capacity to return to profitability amid an industrywide sales slump.
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Asia stocks edge up; eyes on oil and China

Asian stocks edged higher on Wednesday, with thin summer trading volumes keeping prices choppy and centered on short-term chart targets, while oil hovered near $72 a barrel, capped by a surprising rise in U.S. inventories.
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Toyota to cut capacity to match sales: source

Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday, with potential annual cuts of at least 700,000 vehicles identified.
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Colonial BancGroup files Chapter 11

Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp .
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U.S. judge tells BofA, SEC to reveal more on bonuses

A federal judge ordered Bank of America to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co employees.

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