UNITED STATES

Natural Gas in Spotlight

New York Fracking Lawsuit Could Set Local Zoning Precedent

A Denver-based natural gas company has sued a small town in New York state over its ban on natural gas drilling, a case that may set a precedent on how local governments in the Empire State can regulate the controversial process known as fracking.

Tax Reform: Can Congress Undertake the Heavy-Lift?

At Issue: U.S. Tax Code
Is the United States capable of tax reform? U.S. Ron Wyden, D-Ore., thinks so. Still, U.S. tax code revisions are arduous because they go to the core of the United States -- commerce -- and a tax code alteration can result in a change to a company's or group's slice of the economic pie.
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Convicted trader Goffer handed 10-year sentence

A former securities trader was sentenced to 10 years in prison on Wednesday after being found guilty of insider trading as part of the government's campaign against financial crimes on Wall Street.
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Canada commercial loans rise, signaling expansion

Canadian commercial lending rose in the second quarter, PayNet Inc said on Wednesday, in a report that showed smaller businesses we're expanding even as economic storm clouds gather in Europe and the United States.
Mexico drugs

35 Bodies Publicly Dumped in Veracruz, Mexico

On Tuesday, the bodies of 23 men and 12 women were left on a highway at rush hour. They dead bodies showed signs of torture. The murders are considered the latest casualties in the Mexico's ongoing drug war.
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Emerging powers can play vital world role: Brazil

The president of Brazil, Dilma Rousseff, on Wednesday told the United Nations that fast-growing emerging economies can play a vital role to help stem the global economic crisis, marking the latest move by developing countries to become the equals of the world's traditional powers.
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Moody's downgrades banks on support fears

Moody's Corp on Wednesday cut the debt ratings of Bank of America Corp , Wells Fargo & Co and Citigroup Inc , three of the largest U.S. banks, on worries the government would be less likely to support a large lender if it got into trouble.
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Moody's downgrades Bank of America

Moody's Corp on Wednesday downgraded Bank of America Corp's debt ratings because the government appears less likely to aid the lender if it verged on failure.
Death Sentence

U.S. Execution Rate Pales in Comparison to Iran, China

As of Jan. 1, 2011, there were 3,251 total prisoners on death row in the U.S., but the number of executions per year has been declining over the past decade. Despite the decline, the United States still executes the fourth most people of any country in the world.
Michael Stipe, lead singer of the rock band R.E.M, performs during a concert in Lima. Reuters/Pilar Olivares

R.E.M. Breaks up After 31 Years

American rock band R.E.M. has decided to collectively call it a day, after a career spanning three decades, 15 albums, and countless hit singles.

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