US Initial Jobless Claims Fall To 365,000 - Lowest In A Month
The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs.
China Warns US Not To Take Sides In Sea Disputes
China warned the United States not to get involved in South China Sea territorial disputes on Tuesday as U.S. Secretary of State Hillary Clinton arrived in Beijing pledging to pass on a strong message on the need to calm regional tension.
In Final Interview, Cardinal Says Roman Catholic Church '200 Years Out Of Date'
The former archbishop of Milan and papal candidate Cardinal Carlo Maria Martini said the Catholic Church was "200 years out of date" in his final interview before his death, published on Saturday.
Drought Seen Pushing US Meat Prices Even Higher
The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.
Five Reasons Why Obama Could Win The 2012 Election
He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
AMR, US Airways Say They Are Evaluating A Potential Merger
American Airlines parent AMR Corp (AAMRQ.PK) and US Airways Group Inc (LCC.N) have signed a non-disclosure agreement as they evaluate a potential merger that would create an airline that rivals leader United Continental Holdings Inc (UAL.N) in scope.
Knight Accepts Nasdaq's $62 Million Facebook Payback Plan
After initially criticizing Nasdaq OMX Group for its response to Facebook's botched initial public offering, trading firm Knight Capital Group Inc said it accepted the exchange's latest plan to pay back brokers a portion of their losses.
July US Consumer Spending Rise Is Biggest In 5 Months
U.S. consumer spending got off to a fairly firm start in the third quarter, rising by the most in five months and offering hope economic growth could pick up this quarter.
Citigroup Settles Shareholder CDO Suit For $590 Million
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
Turkey Urges UN To Protect Refugees Inside Syria
Turkey urged the United Nations on Wednesday to protect displaced Syrians inside their country but President Bashar al-Assad, battling rebels determined to overthrow him, dismissed talk of a buffer zone on Syrian territory.
Fed Has Room To Provide More Stimulus, If Needed: Bernanke
The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter.
Spain In Talks With Euro Zone Officials Over Sovereign Aid: Reuters Exclusive
Spain is negotiating with euro zone partners over conditions for aid to bring down its borrowing costs, though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said on Thursday.
76 Rescued, Few With Minor Injuries, After Alaska Sightseeng Vessel Runs Aground
Seventy-six people were rescued on Sunday from a sightseeing vessel that ran aground in Alaska's Glacier Bay and began filling with water, the U.S. Coast Guard said.
GM To Recall 249,260 Mid-Size SUVs To Correct Potenial Fire Hazard
General Motors Co (NYSE: GM) will recall 249,260 mid-size sport utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.
Ayn Rand: Her Economic Views, Backed By Paul Ryan, Would Result In A US Dystopia
Though he denies it today, presumptive Republican Party vice presidential nominee Paul Ryan?s primary economic and fiscal influence was Ayn Rand, an extremely conservative thinker whose flawed economic and social theories were only outdone in perniciousness by her utter disregard for society and the common good.
Merkel Mulling Easing Greece Bailout Terms, German Lawmakers Say
German Chancellor Angela Merkel is consider easing debt-laden Greece's bailout terms, triggering tensions with members of her coalition, who oppose giving the Greek government any more concessions, two German lawmakers said, according to a published report Friday.
US DOD, In Worst-Case-Scenario, Has Plan To Secure Syria Chemical Weapons Sites
The United States and its allies are discussing a worst-case scenario that could require tens of thousands of ground troops to go into Syria to secure chemical and biological weapons sites following the fall of President Bashar al-Assad's government, according to U.S. and diplomatic officials.
Romney Says He's Paid At Least 13% In Taxes For 10 Years
Republican U.S. presidential candidate Mitt Romney said on Thursday he did not pay less than a 13 percent tax rate at any point over the last 10 years.
2 Sheriff's Deputies Killed, 2 Wounded In Louisiana Shooting
Two sheriff's deputies were shot dead and two others wounded early on Thursday in LaPlace, Louisiana, a spokeswoman for the state police said.
Possible War With Iran Could Be Month-Long Affair: Israel Minister
War with Iran would probably turn into a month-long conflict on various fronts with missile strikes on Israeli cities and some 500 dead, Israel's civil defense minister said in an interview published on Wednesday.
July US Industrial Production Up 0.6% - Better Than Expected
U.S. industrial output expanded last month at the fastest pace since April and manufacturing notched another solid advance, hinting at underlying resilience in an economy that has struggled to establish momentum.
July US CPI Flat - Lower Than Expected; Core Rate Up 0.1%
Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest since November 2010, giving the Federal Reserve room for further monetary easing to tackle stubbornly high unemployment.
Legendary Cosmopolitan Mag Editor Helen Gurley Brown Dies At 90
Helen Gurley Brown, the legendary editor of Cosmopolitan magazine who helped usher in the sexual revolution, died on Monday at the age of 90.
G20 Weighs Emergency Meeting To Address Food Prices
Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst U.S. drought in half a century and poor crops from the Black Sea bread basket.
Ryan To Release 2 Years Of US Income Tax Returns
Republican Party 2012 vice presidential nominee-designate U.S. Rep. Paul Ryan, R-Wis., said he will release two years of his U.S./state income tax returns, according to an interview on CBS's "60 Minutes," Reuters reported.
Romney’s VP Pick - Its Likely Impact On The 2012 Presidential Election
Republican Party presidential nominee Mitt Romney’s selection of U.S. Rep. Paul Ryan, R-Wis., as his running mate is an attempt to re-structure the 2012 campaign’s debate so that it conforms to the Tea Party’s agenda - but it's one that will not change the election’s outcome.
US Budget Deficit Narrows To $69.6 Billion In July - Lower Than Expected
The monthly U.S. budget deficit shrank to $69.6 billion in July from $129.4 billion in the same month a year ago, reflecting a rise in government receipts and a drop in spending.
IEA Sees Oil Demand Growth Slowing Further In 2013
Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday.
US Regulators Tell Big Banks To Develop Collapse-Prevention Plan: Reuters Exclusive
U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
US Trade Deficit Narrows To $42.9B In June - Lowest Since Dec. 2010
The U.S. trade deficit in June was the smallest in 1-1/2 years as lower oil prices curbed imports, according to government data on Thursday that suggested an upward revision to second-quarter growth.