A top NATO official on Thursday said there is no purely military solution to the crisis in Libya, as the coalition of North American and European nations took control of protecting civilians while rebels fighting Gaddafi-backed forces suffered setbacks after gains earlier in the week and talk of arming them grew.
General Electric Co went on the defensive on Thursday over a report it paid no income taxes in 2010, unapologetically saying it seeks to reduce what it owes, but expects to pay more this year.
Minister Louis Farrakhan, the leader of Nation of Islam (NOI) in the U.S., has defended his brother” Moammar Gaddafi and blasted U.S. military action in Libya.
Amidst reports that Libyan rebels are retreating in the face of the superior firepower of Moammar Gaddafi’s armies, the head of the North Atlantic Treaty Organization (NATO) has ruled out the possibility of providing weapons to the beleaguered rebel groups.
Oil prices rose over $2 on Thursday, led by Brent which was heading for its second biggest quarterly rise, touching $117.70 a barrel as Middle East supply worries led concerns.
Teams from the Senate and House negotiating a six-month federal budget deal for the remainder of the fiscal year are making 'good progress' even as the rhetorical battle among Republican and Democratic Party leaders rages in a bid to avoid an April 8 shutdown.
General Motors Co said on Wednesday its Chevrolet Cruze small car was on track to exceed 50,000 U.S. sales in the first quarter, aided by demand in markets usually dominated by imports.
Amidst reports that the Libyan foreign minister has defected to the west, soldiers loyal to Moammar Gaddafi have recaptured the strategic oil city of Ras Lanuf from rebel factions.
President Barack Obama on Monday accepted an award celebrating transparency in government in a meeting closed to the press.
Oil prices eased on Wednesday in choppy, thin trading, pressured by record high stockpiles at the Cushing delivery point for U.S. crude even as Libya and Middle East uncertainty supported oil, which remained on track to end the first-quarter up more than 10 percent.
House Speaker John Boehner on Tuesday said President Barack Obama had not been able to answer a question about how long NATO would enforce a no fly zone over Libya if Col. Muammar Gaddafi did not leave the country.
U.S. chief executives' view of the economy brightened in the first quarter, with more than half now ready to add jobs -- a critical step if the economy's recovery is to gain steam.
Crude oil prices hovered near unchanged on Wednesday in choppy, thin trading after slumping on data showing rising U.S. crude stockpiles even as Libya and Middle East uncertainty limited losses ahead of the close of first-quarter 2011.
President Barack Obama told U.S. students on Wednesday that with rapid growth in China and India, global demand for energy will continue to increase and a solution for reducing U.S. dependence on imported oil would require long term solutions, setting out goals for reducing oil imports and boosting the use of alternative electricity sources decades from now.
U.S. chief executives' view of the economy brightened in the first quarter, with 92 percent expecting sales to rise over the next six months and more than half looking to add jobs, according to a survey.
Oil fell on Wednesday, weighed down by swelling crude inventories in the United States, while President Barack Obama was expected to set an ambitious long-term goal to cut oil imports.
President Barack Obama on Wednesday is expected present a vision of decline for the U.S. oil industry in next two decades, highlighting its lack of development at existing land leases as the country shifts to other 'Clean Energy' industries linked to nuclear power, 'clean coal,' natural gas, biofuels, wind and solar power.
The International Community is meeting to support Libya's people to find a political transition away from current leader Muammar Gaddafi, a move President Barack Obama backed in a speech Monday as he outlined a support role the U.S. will play while an international coalition carries out military attacks on Libyan defenses to enforce a no-fly zone.
St. Louis Federal Reserve chief James Bullard urged the U.S. central bank on Tuesday to begin reversing its campaign of monetary easing, saying it could trim its $600 billion bond-buying program by $100 billion.
The U.S. Federal Reserve's $600 billion asset purchase program could be trimmed by some $100 billion given the recovery in the U.S. economy, St. Louis Federal Reserve President James Bullard said on Tuesday.
U.S. policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalizing loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.
Tests are more punitive than educational tools for both schools and students, feels the president.
