UNITED STATES

More foreign banks probed for U.S. sanctions evasion

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WASHINGTON, Nov 14 - The New York County District Attorney's office will soon announce enforcement actions against additional foreign banks that helped Iran and other U.S.-sanctioned countries access the U.S. financial system, Manhattan District Attorney Cyrus Vance, Jr said on Monday.
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Economists lower 2012 growth outlook: survey

Economists polled by the Philadelphia Fed lowered their U.S. economic growth outlook for the next two years as the labor market was forecast weaker than anticipated, a survey released on Monday showed.
A scene from Immortals

Immortals Conquers Weekend US Box Office With $32 million

Immortals, a 3D action-fantasy-adventure on the lines of 300, dominated the US box office this weekend with an estimated $32 million in ticket receipts, beating Jack and Jill, an Adam Sandler comedy and J. Edgar, a biography movie starring Leonardo Dicaprio and directed by Clint Eastwood.
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Wall Street off on euro instability, recession fear

Wall Street edged lower on Monday as Italy and Greece rushed to form technocrat-led governments in a bid to stave off the euro zone's debt crisis, and as data showed the region is facing a looming recession.
Super Committee

'Super Committee' Mulling Avoiding Tax Decisions

According to various reports, members of Congress' super committee are mulling a broad outline of objectives for revenue increases, with the Senate Finance and House Appropriations committees to iron out how those goals will be met next year.
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BofA to sell most of remaining CCB stake

Bank of America Corp plans to sell most of its remaining stake in China Construction Bank Corp for $6.6 billion in cash to boost the ailing U.S. bank's capital levels.
U.S. President Barack Obama signs the health insurance reform bill as Marcelas Owens looks on in the East Room at the White House in Washington, March 23, 2010.

Supreme Court Agrees to Hear Obama Healthcare Law

The Supreme Court agreed on Monday to decide the fate of President Barack Obama's healthcare law, with an election-year ruling due by July on the healthcare system's biggest overhaul in nearly 50 years.
Herman Cain

Herman Cain Lie Detector Test Is Unreliable: Two Studies

Last week, private investigator T.J. Ward announced that a layered voice analysis test proved Herman Cain's innocence of the sexual harassment charges against him. But according to two studies, the technology is not a reliable lie detector.
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Obama to China: Behave Like a Grown up

President Barack Obama served notice on Sunday that the U.S. was fed up with China's trade and currency practices as he turned up the heat on America's biggest economic rival.
g20

Growth Continues to Slow Down for 'All Major Economies'

The world's leading economies are all heading for a period of slower growth, the Organization for Economic Co-operation and Development said on Monday, highlighting signs of weakening economic activities across the board.
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Buffett not interested in European banks: report

Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what amounts to a partial run on Europe.

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