Joseph Lazzaro

Citigroup Inc will eliminate 11,000 jobs worldwide, about 4 percent of its total staff, in a move to save as much as $1.1 billion a year in expenses.

President Obama is expected to announce his secretaries of state and defense nominees in the next 2 weeks. Republican Senator Chuck Hagel is on the short list for DOD head.

The ideological divide is huge: If the two sides don’t compromise on fiscal issues, major damage will be inflicted on the U.S. and global economies.

Stock futures fell on Monday as investors returned to the market after a holiday-shortened trading week, focused on the meeting of euro zone finance ministers on Greece and negotiations in the U.S. over the "fiscal cliff."

The most feasible budget deal is one that spreads tax increases and spending cuts out over a longer time period.

Pope Benedict Wednesday urged Israeli and Palestinian leaders to make "courageous decisions" to end the Gaza conflict, saying it risked spilling over into the rest of the Middle East.

Israel and Hamas agreed on Wednesday to a ceasefire brokered by Egypt on the eighth day of intensive Israeli fire on the Gaza Strip and militant rocket attacks out of the enclave, Israeli, Palestinian and Egyptian sources said.

A bomb exploded on a bus in central Tel Aviv on Wednesday, wounding at least 10 people in what Israeli officials said was a terrorist attack that could complicate the Gaza cease-fire efforts.

Sans the hysteria, the U.S. budget situation is like a living room getting cooler, not a "fiscal cliff."

An oil platform in the Gulf of Mexico operated by Houston-based Black Elk Energy burst into flames on Friday, leaving at least two people missing and badly injuring several others, U.S. and Louisiana officials said.

BP agreed to plead guilty to 11 felony criminal charges and one misdemeanor charge, and to pay the fine over five years.

The top U.S. commander in Afghanistan, General John Allen, is under investigation for alleged inappropriate communication with a woman at the center of the scandal involving former CIA Director David Petraeus.

The EU is now witnessing regional demands for greater political autonomy secession – demands that can only weaken continental unity.

Obama has been reelected. Ohio put the Democrat over the 270 electoral vote threshold. Check back with the live blog for the latest updates.

First, the U.S. must help every person hurt by Hurricane Sandy. Second, the nation must end its gasoline/diesel supply vulnerability.

Apple Inc. reported quarterly revenue that met Wall Street expectations even as iPad sales disappointed. Trading in the stock was halted after hours.

The government of Syrian President Bashar al-Assad has indicated to Russia that it will accept U.N.-Arab League peace envoy Lakhdar Brahimi's proposal for a Muslim holiday ceasefire.

The Federal Reserve on Wednesday stuck to its plan to keep stimulating the U.S. economy until the job market improves and repeated its vow to keep rates near zero until mid-2015.

Lance Armstrong was stripped of his seven Tour de France titles and banned for life on Monday after the International Cycling Union (UCI).

At $90, oil's price remains painfully high. But are we about to experience a gradual easing in crude's price?

The unemployment rate declined in September in most "swing" or battleground states for the U.S. presidential election, the U.S. DOL announced Friday.

The U.S. Supreme Court on Tuesday denied Ohio's request to curtail early voting in the state leading up to the Nov. 6 presidential election.

Israeli Prime Minister Benjamin Netanyahu denied a newspaper report on Friday that said he had agreed in principle to hand back land annexed from Syria as part of secret U.S.-mediated peace talks that broke off last year.

A member of punk band Pussy Riot was freed on appeal on Wednesday but a Moscow court upheld prison sentences for two others imposed over a raucous cathedral protest against Vladimir Putin, who said they had got the jail terms they deserved.

EADS and BAE Systems called off the world's largest defense and aviation merger on Wednesday, and sources close to the talks blamed Germany for wrecking the $45 billion deal.

Chevron Corp. on Tuesday lost a U.S. Supreme Court bid to block an $18.2 billion judgment against it in Ecuador in a case over pollution in the Amazon jungle.

Republican Mitt Romney has erased President Barack Obama's advantage in the race for the White House and the two candidates are now tied among likely voters, according to a Reuters/Ipsos tracking poll released on Tuesday.

Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions designed to help pay for the cost of fixing a crisis that has rocked the single currency area.

Germany's Angela Merkel arrived inGreece on her first visit since Europe's debt crisis erupted here three years ago, braving protests to deliver a message of support - but no new money - to a nation hammered by recession and fighting to stay in the euro.