BARACK OBAMA

Lockheed Martin posts profit, sees 2010 down

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Lockheed Martin Corp posted better-than-expected quarterly profit aided by a lower tax rate and share count on Tuesday, but revenue missed Wall Street estimates and the defense contractor warned earnings would drop in 2010, sending its shares down more than 5 percent.

U.S. needs gas tax, 50 mpg standard -Hess CEO

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The U.S. needs to levy high taxes on gasoline and to require tougher automobile fuel efficiency standards to conserve energy, the chief executive of one of the country's biggest oil companies said on Tuesday.
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Obama welcomes Karzai runoff decision

U.S. President Barack Obama on Tuesday welcomed Afghanistan President Hamid Karzai's acceptance of a run-off election on November 7, saying it was an important step forward for democracy.
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Karzai agrees to Afghan election runoff

Afghan President Hamid Karzai must face an election run-off against his main rival on November 7, officials said on Tuesday, to resolve a disputed first round that plunged the country into months of political uncertainty.
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Obama gets an F on trade: Sen. Grassley

President Barack Obama deserves a failing grade for his handling of U.S. trade policy during his first nine months on the job, a senior Republican senator said on Monday.
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Obama unveils new Sudan strategy

U.S. President Barack Obama on Monday unveiled a new strategy toward Sudan, offering incentives if the Khartoum government worked toward peace, but said it faced tougher steps if it failed to act.
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White House says stimulus saving education jobs

The Obama administration said on Monday its economic stimulus had saved or created 250,000 education jobs, as it sought to push back against Republicans who contend the package was wasteful and had not worked.
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Pakistani forces battle Taliban in S.Waziristan

Pakistani forces exchanged heavy fire on Sunday with Taliban defending their heartland, a day after launching an offensive aimed at bringing the writ of the state to lawless lands on the Afghan border.
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Obama lashes out against dishonest insurers

U.S. President Barack Obama lashed out on Saturday against the deceptive and dishonest efforts of health insurance companies, who he said are trying to kill healthcare reform, no matter the cost to the country.
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U.S. budget gap hits record $1.4 trillion

The U.S. budget deficit hit a record $1.4 trillion in the just-ended fiscal year, the government said on Friday, as the deep recession and a series of bank rescues cut a gaping hole in public finances. The tally was $162 billion smaller than the White House had forecast in August, but it still amounted to 10 percent of total U.S. economic output, the most for any budget shortfall since World War Two.
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Suicide bomber kills 12 in Pakistan's Peshawar

Pakistani forces attacked a Taliban stronghold with aircraft and artillery on Friday, as a suicide bomber killed 12 people in the city of Peshawar in the latest in a wave of militant attacks.
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Obama hits back at insurers over health reform

U.S. President Barack Obama hit back at the health insurance industry on Thursday, accusing it of trying to deceive Americans about healthcare reform and vowing to overhaul the industry in Congress.
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In New Orleans, Obama fires back at critics

U.S. President Barack Obama fired back on Thursday at critics who say he has few accomplishments of note in his nine months in office and declared he was just getting started.
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No Honduras deal yet on Zelaya return after coup

A tentative plan to end Honduras' political crisis has not yet been agreed to by ousted President Manuel Zelaya and the country's de facto leader but a negotiator for the leftist toppled in a coup said on Thursday a deal looked closer.

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