U.S.

US Energy Loans Official Leaves in Wake of Solyndra

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The Obama administration said on Thursday its top energy loans official was stepping down, following a widening probe into the embarrassing collapse of a solar panel company that got $535 million in federal support.
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Can U.S. Stocks Still Finish 2011 With a Big Rally?

U.S. stocks have taken a beating in the past few months. Starting late Tuesday, however, the market staged a rally on news that Europe was finally hashing out a plan to recapitalize banks and quiet fears from the European debt crisis.
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US lawmaker: China cyber espionage 'intolerable'

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
Traders work on the floor of the New York Stock Exchange

S&P 500 Dips to Bear Market Territory: 5 Reasons Why

Tuesday’s early morning drop has taken the S&P 500 Index down over 20 percent from its May 2 high. Although there is no official definition of a bear market, one commonly accepted metric is falling 20 percent over an extended period.
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Analysts Assess Impact of Defense Cuts on US Jobs

Defense Secretary Leon Panetta has warned that a potential $1 trillion cut to the Pentagon budget could raise U.S. unemployment by 1 percentage point but analysts differ on how many jobs could be lost and what that actually means for the economy.
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Kraft Boss Bumps Pepsi Chief as Top US Woman Exec

Kraft Foods (KFT.N) boss Irene Rosenfeld is the most powerful woman in U.S. business, Fortune magazine said on Thursday, bumping PepsiCo Inc (PEP.N) chief Indra Nooyi into second spot after five years on top.
Mortgage Rates Hit All-time Low

US House Prices: No Real Recovery in Sight

House prices in the United States are about to end a five-year-long decline but a meaningful recovery is a number of years away owing to a structural deficit in demand, according to analysts.
George Clooney

George Clooney Denies Receiving Angry Texts From Canalis

America's most eligible bachelor George Clooney is surprising everyone by doing something that he generally never does. He is actually talking about his love life in public! The current issue of the US Weekly carries a report that says that Elisabetta Canalis, Clooney's ex-girlfriend sent many text messages to Clooney upon learning that he is dating Stacy Keibler.

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