BARACK OBAMA

Stocks fell on Wednesday as investors were hit by a report showing yet more deterioration in the housing market, while uncertainty about Washington's plans to shore up the banking system persisted. President Barack Obama's first address to Congress offered few new insights on government plans to stabilize the economy and shore up banks. Investors sold off shares of financial services companies a...

President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.

President Barack Obama and Treasury Secretary Timothy Geithner plan on Wednesday to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, an administration official said.

Stocks fell on Wednesday as President Barack Obama's first address to Congress shed little new light on how he plans to stabilize the economy and shore up banks, and gloomy home sales data fed the negative sentiment. Obama said in his speech on Tuesday night the United States would emerge stronger from the ongoing crisis, but investors found little in what he said to spur buying after the market...

Chrysler Chief Executive Bob Nardelli was meeting on Wednesday with members of the U.S. auto industry task force as officials begin to review the automaker's request for up to $5 billion in additional aid. Nardelli was joined in the meeting by Chrysler President Tom LaSorda, who heads the automaker's manufacturing operations, and Chief Financial Officer Ron Kolka, according to a person briefed ...

Stock index futures dipped on Wednesday, as investors pondered whether the market would sustain a run-up seen in the prior session amid persistent concerns about recession and the financial sector. Late on Tuesday, in his first speech to Congress, U.S. President Barack Obama tried to reassure Americans the country would emerge stronger from the crisis but analysts said he shed little light on how...

Stocks fell on Wednesday on disappointment President Barack Obama provided few new clues about how his administration would shore up the economy in a major speech before Congress. Late on Tuesday Obama sought to reassure the country it would emerge stronger from the crisis but investors found little in his speech that could help the market hold onto its attempted rebound on Tuesday from 12-year l...

Oil rose above $40 a barrel on Wednesday, extending a 4 percent rally in the previous session, lifted by firmer equities before the release of U.S. inventory data expected to show rising supply. World stocks rose on Wednesday after Federal Reserve Chairman Ben Bernanke signaled nationalization of big banks was not at hand. Investors' concern of nationalization had weighed on stocks. The equit...

Norwegian seismic surveyor Global Geo Services (GGS) (GGS.OL), a supplier to the oil and gas industry, said on Wednesday a U.S.-based energy firm had shown interest in its survey offshore Iran.

Oil held above $40 a barrel on Wednesday after a 4 percent rally in the previous session, as equities gained and investors looked ahead to U.S. inventory data expected to show rising supplies. Crude's advance on Tuesday stemmed from Wall Street gains sparked by reassuring comments from Fed Chief Ben Bernanke, while President Barack Obama said the United States would emerge stronger from the econ...

Leaders of the G20 developed and emerging countries should not backtrack on their agreement last year to fight protectionism when they meet in London in April, the head of the World Trade Organization said on Wednesday.

President Barack Obama on Tuesday called on Congress to send him legislation that places a market-based cap on U.S. carbon polluting emissions and pushes the production of more renewable energy.

Tougher green rules coupled with the economic downturn could dim the currently stable outlook of U.S. public power electric utilities, Moody's Investors Service said in a report on Tuesday.

The threat of protectionism just won't lie down, despite repeated promises of political leaders to refrain from raising barriers to trade.

President Barack Obama tidied up his economic message on Tuesday, reviving the hopeful Yes We Can spirit of his campaign and abandoning the Maybe We Can't impression he took to the White House.

President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis stronger than before.

Governments around the world have committed more than $200 billion to support renewable energy initiatives despite of the economic downturn, according to a Deutsche Bank analysis released Tuesday.

Wall Street's fat cats are in the public's doghouse, and it could be a long time -- if ever -- before the eye-popping paychecks and glamour of the last two decades return.

Four soldiers with U.S.-led coalition forces and an Afghan civilian working for them were killed in southern Afghanistan on Tuesday when their vehicle struck a roadside bomb, the U.S. military said.

As U.S. regulators prepare for a stress test of big banks, the head of the Federal Deposit Insurance Corp said on Tuesday these institutions need adequate buffers against severe economic conditions. As of this date ... all these large banks exceed regulatory standards for being well-capitalized, so for right now they're fine, FDIC chief Sheila Bair said on CBS television's Early Show. ...

U.S. President Barack Obama set the goal: double U.S. renewable energy production in three years. Congress provided the incentives as part of the $787 billion stimulus package.