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Wall Street flat on Fed jitters but banks rise

U.S. stocks were little changed on Monday as investors were cautious before the head of the Federal Reserve was due to discuss interest rate policy this week after the Fed's hike in the discount rate.

House Republican rejects Obama health plan

A senior House Republican on Monday rejected a proposal by President Barack Obama to revive a stalled healthcare overhaul, saying it did not address public concerns about the sweeping legislation.

Wall Street slips on jitters over Fed's intent

U.S. stocks fell slightly in choppy trading on Monday on investor uncertainty about the Federal Reserve's intentions after last week's increase in the interest rate for emergency loans to banks.

Geithner urges independent U.S. financial watchdog

The Obama administration on Monday urged support for a U.S. financial consumer watchdog that is strong and independent, pushing Senate Democrats to resist compromises sought by Republicans and bank lobbyists.

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Wall Street set for higher open amid M&A, earnings

U.S. stock index futures pointed to a higher open on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.

Earnings, M&A lift Wall Street stock futures

U.S. stock index futures rose on Monday after Schlumberger agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings, indicating increased confidence among corporate managers and consumers.

Obama to target rate increases in health plan

Gearing up for a bipartisan meeting it hopes will help seize back control of the healthcare debate, the White House will unveil its own plan on Monday for how to overhaul the $2.5 trillion medical care system.

Stock futures rise amid M&A, earnings

U.S. stock index futures rose on Monday after Schlumberger Ltd agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted better-than-expected earnings.

Senate weighs final push to move climate bill

A last-ditch attempt at passing a climate change bill begins in the Senate this week with senators mindful that time is running short and that approaches to the legislation still vary widely, according to sources.

Despite China, U.S. says Taiwan air force needs help

Taiwan's fighter jets would fall short in combat against military rival China, the U.S. government said in a report on Monday that could lead to new weapons sales sure to anger Beijing.

Governors want into the game on healthcare

State governors want Congress and President Barack Obama to pay more attention to their concerns as they renew efforts to reform healthcare.

EPA announces plan to clean up Great Lakes

A year after President Barack Obama proposed a plan to clean up the Great Lakes, the government Sunday laid out its plan to improve the ecology of the major bodies of water that support much of U.S. agriculture and industry.

Education secretary sees many teacher layoffs

Many teachers and educators across the United States are at risk of losing their jobs in the next few months, the country's education secretary told a meeting of the National Governors Association on Sunday.

Schwarzenegger says Obama's stimulus created jobs

Arnold Schwarzenegger, California's Republican governor, defended Democratic President Barack Obama's stimulus plan on Sunday, saying 150,000 new jobs were created in his state thanks to the legislation.

Stock futures edge up amid M&A; earnings awaited

U.S. stock index futures rose on Monday as Schlumberger Ltd agreed to buy Smith International for $11.34 billion in stock and Lowe's Co. posted earnings.

Stock futures signal firmer Wall Street opening

U.S. stock index futures rose on Monday, pointing to a stronger start for Wall Street. By 0928 GMT, Dow Jones futures put on 0.2 percent, S&P futures gained 0.1 percent and Nasdaq futures rose 0.5 percent.

Ex-Treasury secretaries back Volcker rule

Five former Treasury secretaries urged Congress on Sunday to bar banks that receive federal support from engaging in speculative activity unrelated to basic bank services.

Seeking support, Obama campaigns for struggling senators

President Barack Obama, in need of securing votes in Congress to support his agenda in the coming years, came to the Western U.S. this week to help raise campaign funds for a pair of struggling Senators from his party.

Karzai renews peace calls to Taliban

Afghan President Hamid Karzai renewed his call on Saturday for the Taliban to accept his peace proposal, after a NATO offensive and the capture of a top Taliban leader raised hopes the group could be more flexible.

Obama wants healthcare summit to find common ground

President Barack Obama urged Democrats and Republicans on Saturday to find common ground at a White House summit next week he hopes will rejuvenate efforts to overhaul the U.S. healthcare system.

Obama to spell out new healthcare plan

President Barack Obama is expected to publish his healthcare plan as early as Sunday or Monday, combining features of the two Democratic bills passed by the Senate and House of Representatives, congressional aides and healthcare advocates said on Friday.

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