BARACK OBAMA

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Netanyahu heads to U.S. for peace summit

Israeli Prime Minister Benjamin Netanyahu flew to Washington on Tuesday for peace talks with the Palestinians, leaving up in the air the question of future Jewish settlement construction once a partial freeze ends.

South Korea welcomes sanctions on North

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South Korea welcomed expanded U.S. financial sanctions against North Korea on Tuesday, but made its first large-scale offer of aid to its destitute neighbour since the sinking of one of its warships in March.

Obama must walk fine line in Iraq speech

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President Barack Obama must walk a fine line in a speech on Tuesday night as he highlights progress towards winding down the war in Iraq while trying to avoid any perception of a Mission Accomplished moment.
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U.S. ends combat in Iraq but instability lingers

The U.S. military formally ends combat operations in Iraq on Tuesday as President Barack Obama seeks to fulfil a promise to end the war despite persistent instability and attacks that kill dozens at a time.
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Wall St falls as economy worries persist

Stocks fell on Monday as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week.
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Fed's Kohn to become academic after leaving post

Federal Reserve Vice Chairman Donald Kohn will take his central banking expertise to the Brookings Institution after he retires this week from four decades at the Fed, Brookings announced on Monday.
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Wall St loses ground after Obama comments

Stocks accelerated declines on Monday after comments from U.S. President Barack Obama did little to soothe investors anxious over the slowing pace of the recovery.
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Wall Street edges lower

Stocks dipped on Monday as confidence about the economy sagged and investors were cautious ahead of several key reports coming this week.
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Putin hints will return to Kremlin in 2012

Russia's paramount leader, Prime Minister Vladimir Putin, hinted on Monday he would return to the presidency in 2012 for six more years and said democracy protesters marching without permission deserved to be beaten.
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Obama vows to finish U.S. Gulf Coast recovery

U.S. President Barack Obama pledged on Sunday to finish restoring the Gulf Coast area hit by Hurricane Katrina, five years after the storm ravaged the region and hurt the credibility of his Republican predecessor.
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Iraqis say war not ending despite U.S. drawdown

U.S. President Barack Obama's message this weekend that Iraq would chart its own course may have been welcome news for war-weary Americans, but it has fuelled anxieties about the future among Iraqis.
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Arianna Huffington: A look at the winner in new online acquisition spree

Huffington launched the news site more as a commentary outlet and an alternative to other conservative news sites by inviting Arthur Schlesinger Jr. to blog, who would fax his blogs. That's not blogging, Arthur used to criticise her. Now with the takeover by AoL, Arianna will become a boss of the entire editorial content of AoL channels.
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Netanyahu proposes bi-weekly meetings with Abbas

Israeli Prime Minister Benjamin Netanyahu has proposed meetings with Palestinian President Mahmoud Abbas every two weeks to improve the prospects of Middle East peace talks, a diplomatic source said on Friday.
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GDP seen revised down on imports and inventories

U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.
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Jobless claims fall but still elevated

New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
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Jobless claims fall, but still elevated

New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
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Stunned government to appeal stem-cell ruling

Stunned and disappointed Obama administration officials said on Tuesday they would appeal a federal court ruling that temporarily barred federal funding of embryonic stem cell research.

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