Small-town Americans probably don't make as much money as Warren Buffett, but they pay more of their income in taxes, President Barack Obama said on Monday, citing the billionaire investor to argue that the government needs more revenues to balance the budget.
Allstate Corp
on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.
Starbucks Corp Chief Executive Howard Schultz is winning support for his call to withhold political contributions from U.S. lawmakers until they strike a fair, bipartisan deal on the country's debt, revenue and spending.
The Warren Buffett New York Times op-ed has caused quite a stir. Buffett argued that the U.S. needs to cut the budget deficit by ?far more than? the currently $1.5 trillion 10-year cut put in place by the U.S. debt ceiling deal.
President Barack Obama blasted Republicans over taxes on Monday as he launched a bus tour of the U.S. Midwest to tout his job-growth strategy and distance himself from anger toward Washington that could dent his 2012 re-election hopes.
Libyan rebels said on Monday they had seized a second strategic town near Tripoli within 24 hours, completing the encirclement of the capital in the boldest advances of their six-month-old uprising against Muammar Gaddafi.
Mid-way thought the holiday of Ramadan, a nearly nationwide attack in Iraq has left dozens dead and hundreds injured
A former chief executive of the Optionable Inc commodities brokerage pleaded guilty for his role in a C$853 million (US$868 million) commodities trading scandal at Bank of Montreal .
In the patent war over Samsung's Galaxy tablet in Europe, Apple may have released false evidence to the German courts against the Korean firm.
The risk of a new U.S. recession has risen over the last couple of months, but an outright contraction will most likely be avoided, Atlanta Federal Reserve Bank President Dennis Lockhart said on Monday.
U.S. banks continue to ease lending standards and most terms on all major non-real estate loans during the past three months, the Federal Reserve reported in its quarterly survey of senior loan officers.
A new study suggests Americans with heart failure may benefit less from recommended medications than patients in other countries.
Hundreds of Verizon workers in red shirts interrupted a nine-day-old strike to place a wreath at a site in suburban New York on Monday morning, where a colleague was fatally injured on a picket line 22 years ago. The union workers began reportedly one of the biggest labor strikes in recent U.S. history on Aug. 7.
Despite some exterior changes, reported photos hint that the inside of at least one out of 22 imposter Apple stores with familiar wooden tables and Apple-like signage, remain unchanged. A blog that gained international attention for calling out the bogus stores led to the closure of two fake Apple stores by Chinese officials in July.
The United States ended a six tournament long winless streak in majors with Keegan Bradley's triumph at the PGA Championship a reminder of the emerging young talent in professional golf.
Manufacturing in the New York area contracted for the third straight month in August, data showed on Monday, tempering any lingering hopes for a rebound in the U.S. economy in the second half of the year.
U.S. retail gasoline prices fell 7 cents over the last week to $3.60 a gallon as of Monday, the second consecutive drop this month, the U.S. Energy Department said.
Should I stay or should I go?
U.S. regulators and generic drugmakers have reached a compromise agreement for a user-fee program that would require the companies to pay some $299 million in the first year to accelerate drug approvals.
The wild, roller-coaster finish to the 93rd PGA Championship at Atlanta Athletic Club on Sunday was unpredictable as it unfolded but it was not unlikely.
Bank of America Corp won what could prove a legal victory as eight mortgage securities lawsuits against its Countrywide unit were combined into a single case before a federal judge who has ruled favorably for the bank in the past.
All 50 U.S. states and territories will be able to boost their public health emergency preparedness capabilities as the federal Department of Health and Human Services awarded more than $613 million to strengthen all-hazards emergency preparedness.