President Barack Obama on Tuesday blamed a combination of human and systemic failures in security for allowing the botched Christmas Day attack aboard a U.S. airliner, in his first big test on homeland security.
Investors' optimism surrounding the shares of airport security systems makers could be premature as interest in the companies' products after the Christmas Day plane scare is not expected to translate into immediate orders.
Technology exists that might have detected explosives hidden in the underwear of a Nigerian man accused of trying to blow up a plane over Detroit, but cost and privacy worries have until now prevented its widespread use.
U.S. stocks dipped on Monday as airline shares faltered amid security worries, while losses were limited by retail shopping data indicating improved consumer spending.
Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.
The government created a record on Umar Farouk Abdulmutallab in November 2009 in the intelligence community's central repository of information on known and suspected international terrorists, but there was not enough negative information to put him on a no-fly list, a U.S. administration official said on Saturday.
Airports and airlines across Europe moved rapidly to tighten security on U.S.-bound flights on Saturday after a man tried to set off explosives on a plane flying from Amsterdam to Detroit.
Pope Benedict called on the world to abandon violence and vengeance on Friday and showed no sign of strain after an unstable woman lunged at him, forcing him to the ground, on Christmas Eve.
The Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup Inc and resulted in the theft of tens of millions of dollars, The Wall Street Journal reported on Tuesday, but the financial institution denied its systems had been breached.
President Barack Obama picked former Bush administration adviser Howard Schmidt to serve as national cybersecurity coordinator, the White House said on Tuesday.
The White House announced Tuesday that it has appointed former security adviser Howard Schmidt as its cyber tsar, following a seven month search. Schmidt is returning to the White House as President Obama's new cybersecurity coordinator, according to a letter posted on the White House Web site.
The euro recovered from early losses on Friday after Pakistan dismissed rumors of a coup while Asian stocks fell as investors fretted about the outlook for corporate earnings.
NATO Secretary-General Anders Fogh Rasmussen said on Thursday he saw no need for a new security treaty proposed by Russia, rebuffing the Kremlin's call for new defense arrangements in Europe.
Canada's Garda World Security Corp said it received a three-year contract worth more than $100 million from the UK Foreign and Commonwealth Office to provide security services in Iraq.
Daimler's German workforce, fearing more cars could be shifted to foreign plants just days after management decided to build a key model in its Alabama facility instead of in Sindelfingen, has demanded job guarantees until 2020.
Droughts and floods stoked by global warming threaten to destabilize China's grain production, the nation's top meteorologist has warned, urging bigger grain reserves and strict protection of farmland and water supplies.
China's top police officer has warned that the nation's security forces are struggling keep pace with an increasingly assertive society, and he demanded defter quelling of protests and stricter oversight of the Internet.
A major international conference on Afghanistan, to be held in London in January, will aim to set the conditions for a gradual transfer of security responsibilities to Afghan control, Britain said on Saturday.
Detectives have made the first arrests in Europe to tackle a trojan computer virus which is believed to have infected tens of thousands of computers across the world, London police said on Wednesday.
A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned by the central bank's move to curb unregulated lending, potentially crimping funding for a long pipeline of planned IPOs.
Hackers could one day turn ordinary smartphones into rogue devices to attack major wireless networks, Research In Motion's security chief warned.
Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
