UNITED STATES

Zoellick: Governments should deal with global debt woes

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The World Bank called for national governments to seek long-term debt curbs on Tuesday to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
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U.S. President Obama speaks during a town hall-style event in Decorah

Obama Says Warren Buffett is Right About Taxes

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.
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Starbucks CEO urges halt to U.S. political donations

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.
U.S. President Obama meets Lydia Schaefer in Zumbrota

In Campaign Mode, Obama Talks Jobs in Midwest

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 rebel fighters celebrate after taking partial control of the coastal town of Zawiyah

Rebels Say Tripoli Encircled; Gaddafi Defiant

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.
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Fed's Lockhart says U.S. recession risks have risen

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.
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U.S. banks continue to ease lending standards: Fed

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.
Verizon

Verizon Strike Update: Union Heads Honor Worker Killed in '89 Picket

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.
An employee stands inside a fake Apple Store in Kunming, Yunnan province July 22, 2011.

Fake Apple Store Count in China Reaches 22, One 'Smartens' Up

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.
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NY factory index contracts for third month

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.
Drug Xarelto

FDA, Industry Reach Generic Drug Fee Agreement

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.
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BofA gets boost as Countrywide cases are combined

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.

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