U.S. says cannot renegotiate India nuclear deal
August 17 2007 10:46 AM EDT
The United States cannot renegotiate a historic nuclear energy deal with India which has drawn strong criticism from politicians in New Delhi, the main U.S. negotiator said in remarks published on Friday.
Jury convicts US citizen Padilla in terrorism trial
August 17 2007 10:11 AM EDT
Jose Padilla, a U.S. convert to Islam once accused by the Bush administration of plotting a radiological dirty bomb attack, was found guilty on Thursday of unrelated charges he offered his services to terrorists.
Fed's Poole avoids questions on economy in speech
August 17 2007 10:09 AM EDT
St. Louis Federal Reserve President William Poole said on Friday rising protectionism in the United States was a worry, but avoided any mention of the current economic or policy outlook in a speech.
Fed cuts discount lending rate in surprise move
August 17 2007 9:33 AM EDT
The U.S. Federal Reserve on Friday cut the discount rate governing direct Fed loans to banks by a half-percentage point in a surprise move aimed at keeping credit flowing and calming jittery global markets.
North American chip equipment orders down in July
August 17 2007 9:23 AM EDT
North American makers of equipment to produce semiconductors saw orders fall 17 percent from a year ago to $1.44 billion in July, a U.S. trade group said on Thursday.
Peruvians battle to find survivors in quake rubble
August 17 2007 9:16 AM EDT
Rescue teams battled through the night to find survivors after a powerful quake ravaged Peru's central coast, killing some 500 people in one of the country's worst natural disasters in the last 100 years.
Utah mine caves in, kills three rescuers
August 17 2007 9:05 AM EDT
A cave-in killed three rescue workers at a Utah mine while they looked for six trapped miners, and the U.S. state's governor demanded on Friday that the underground search stop until safety could be ensured.
White House expects continued U.S. economic growth
August 17 2007 9:02 AM EDT
The White House on Thursday said it expects to see continued U.S. economic growth, but would not comment on the recent financial market declines.
China finds 15 percent of foods fail quality check
August 17 2007 8:23 AM EDT
Nearly 15 percent of Chinese food products failed a recent quality check, the government said on Friday in a report that nonetheless sought to reassure rattled consumers that tainted products are disappearing from shelves.
U.S. orders genetic data on blood-thinner risks
August 17 2007 8:20 AM EDT
Widely used blood thinner warfarin will come with new instructions explaining that people with certain genes may need a lower dose to take the drug safely, U.S. health officials said on Thursday.
Mortgage REIT woes are a blast from the past
August 16 2007 6:48 PM EDT
A crisis in credit markets triggered by a collapse of the U.S. subprime mortgage market has shuttered several mortgage real estate investment trusts and threatened the sector, rekindling memories of a similar crisis 30 years ago.
Corporate America braces for market fallout
August 16 2007 1:52 PM EDT
With stock markets falling, the housing market in a tailspin and credit tightening, corporate America is bracing for the impact.
Philly Fed factory activity stagnates in August
August 16 2007 1:43 PM EDT
Factory activity in the U.S. Mid-Atlantic region stagnated in August, with a measure of growth falling to its weakest level this year, a survey showed on Thursday.
China quality boss says problems sapping trade strength
August 16 2007 12:11 PM EDT
China may be a trade giant but ineffective controls have kept it a quality weakling and are sapping competitiveness, the nation's safety watchdog said, as fears grow in the United States about the made-in-China label.
U.S.-Europe 'renaissance' seen under Sarkozy: Lantos
August 16 2007 12:07 PM EDT
Relations between the United States and Europe are likely to improve dramatically under new French President Nicolas Sarkozy and German Chancellor Angela Merkel, a U.S. congressional leader said on Thursday.
Chinese officials to visit U.S. for safety talks
August 16 2007 12:03 PM EDT
China will send delegations to the United States in August and September to discuss food and product safety following a spate of product recalls, a Chinese Embassy official said on Wednesday.
Beijing rebuffs U.S. over WTO pirated goods case
August 16 2007 12:01 PM EDT
Beijing objects to an attempt by the United States to use the World Trade Organization to impose new obligations on China to crack down on pirated goods, the Ministry of Commerce said on Thursday.
U.S. signs $30 billion defense aid pact with Israel
August 16 2007 11:58 AM EDT
The United States sealed a deal on Thursday to provide Israel with $30 billion in defense grants over the next decade, a 25 percent boost that Washington describes as strengthening a regional bulwark against Iran.
Venezuela's Chavez calls for end to term limits
August 16 2007 11:54 AM EDT
Venezuelan President Hugo Chavez called for an end to presidential term limits on Wednesday to extend his rule and consolidate a self-styled socialist revolution in the OPEC nation.
Earthquake in Peru kills hundreds
August 16 2007 11:00 AM EDT
Powerful aftershocks shook Peru on Thursday as rescuers pulled wounded and dead from collapsed homes and churches a day after a massive earthquake killed hundreds of people.