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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.
Governor of Baja California Guadalupe Osuna Millan (L) addresses the audience next to Governor of New Mexico Susana Martinez (C) and Governor of Sonora Guillermo Padres Elias at the annual conference of regional leaders from both sides of the border in So

U.S.-Mexico Border Governors Sign Crime-Fighting Pact

Governors along the U.S.-Mexico border agreed on Thursday to examine how to create shared databases where they can swap DNA and other biometric information on criminals in an effort to curb the flow of guns and drugs between the two countries.
U.S. Supreme Court

Alabama Immigration Law Ruling: Why it Matters, and What's Next

U.S. District Judge Sharon Blackburn's decision to uphold key provisions of Alabama's controversial new immigration law -- characterized by supporters and detractors alike as the toughest in the country -- could have repercussions that reverberate far beyond the Yellowhammer State.
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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.
Navy Counselor 1st Class Luz Bautista, who is a lesbian, and Army Specialist William Hayes, who is bisexual, listen to a news conference in Los Angeles

U.S. Court Vacates Ruling on Gays in Military

A court ruling that had struck down as unconstitutional the now-defunct law banning gays from serving openly in the U.S. military must be vacated as moot, a federal appeals court decided on Thursday.
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AstraZeneca Settles One Seroquel XR Lawsuit

AstraZeneca PLC (AZN.L) said on Thursday it has reached a settlement with privately held Handa Pharmaceuticals LLC that will keep the company from selling a generic form of its Seroquel XR anti-psychotic medicine in the United States until late 2016.
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Geron Names John Scarlett as CEO

Geron Corp (GERN.O), which is conducting the first U.S.-approved human embryonic stem cell trial, has named John Scarlett as its chief executive officer, replacing interim CEO David Greenwood, who will leave the biotech company at the end of the year.
Toyota Rolls Out Planned Job Cuts on Melbourne Plant

Judge Throws Out Toyota Bellwether Case

A U.S. federal judge dismissed on Thursday the first scheduled bellwether case in nationwide litigation alleging Toyota Motor Corp made defective vehicles that accelerated unexpectedly.
U.S. Banks: Dividend hikes, M&As on their way

U.S. Banks Woo California in Mortgage Settlement

The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.

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