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Moody's Cuts Japan Rating by One Notch to AA3

Moody's Investors Service cut its rating on Japan's government debt by one notch to AA3 on Wednesday, blaming large budget deficits and a buildup of debt since the 2009 global recession.
PHOTOS: East Coast Earthquake Sends Strong Warning Messages

Virginia Earthquake 2011 Shocks Residents

An earthquake is low on the list of potential perils for the residents of Arlington, Va. and Washington, D.C. But after a 5.8 magnitude earthquake convulsed the region on Tuesday, an initial wave of fear was for the most part replaced by incredulity.
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Hurricane Irene Path

U.S. Alert as Hurricane Irene Threatens East Coast

Hurricane Irene posed a potential threat to the entire U.S. East Coast from Florida to New England, U.S. officials said on Tuesday, as forecasters tried to predict where the powerful storm might hit over the next week.
Hurricane Irene

Hurricane Irene: Threatens East Coast With Expected Cat. 4 Devastation

The projected path of Hurricane Irene shifted slightly to the west overnight, with a chance of the eye hitting around Wilmington, according to the National Hurricane Center. The National Hurricane Center says Irene will strengthen and could become a major hurricane later today or Wednesday.
Hurricane Irene

Hurricane Irene Heads for Carolinas; Could be Category 4 Storm

Hurricane Irene continued its path of destruction on Monday with winds reaching up to 100 mph as it headed towards the U.S. The Category 2 storm left one million Puerto Rican people without power on Monday, wreaked havoc in the Dominican Republic, destroyed Richard Branson's Virgin Island home, and appears on a direct path for North and South Carolina.
U.S. Postal Service faces doomsday.

U.S. Postal Service Braced for Massive Cuts

Postmaster General Patrick Donahoe is proposing some dramatic changes to cut costs – including the firing of one-fifth of all employees (some 220,000 people) either through layoffs or attrition; the elimination of Saturday mail delivery; and the closing of nearly 4,000 post offices across the country.
U.S. Vice President Biden and China's Premier Wen smile during their meeting at Zhongnanhai leadership compound in Beijing

China Vice Premier Reaffirms 'Prudent Monetary Policy

Chinese Vice Premier Wang Qishan reaffirmed Beijing was sticking to a prudent monetary policy in remarks published on Monday, and stressed the need for banks to increase support for small firms and the agricultural sector.
A man sits outside his home after Hurricane Irene hit the municipality of Loiza

Hurricane Irene Gains Strength; Tracking Toward Florida, Georgia, Carolinas

As the forecast model matures, Hurricane Irene now appears headed on a path up Florida's east coast, with a possible direct hit on Georgia and the Carolinas. Florida is far from out of the woods, and if the storm stays on track, the state could suffer significant damage from a couple of days of torrential rains and high winds.
Gross

PIMCO's Bill Gross: 'High Probability' of New U.S. Recession

Pimco's Bill Gross says a new recession in the U.S. is likely. Gross is manager of the world's largest bond fund. He says the decline in U.S. Treasury yields to 60-year lows reflects a high probability of a new recession, or a double-dip, in America.

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