UNITED STATES

BofA chief meets top officials: report

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Bank of America Chief Executive Brian Moynihan met privately this week with Treasury Secretary Timothy Geithner and Federal Reserve governor Daniel Tarullo amid the campaign to calm investors and employees about the bank's share price fall, the Wall Street Journal reported.

Bachmann, Pawlenty clash in heated debate

U.S. Republican presidential candidates gather before the start of their debate in Ames
Republicans Michele Bachmann and Tim Pawlenty clashed repeatedly over their records during a presidential debate on Thursday, two days before they vie for conservative support in a straw poll that could make or break their campaigns.
One kilogram gold bars are seen in this picture illustration

Gold Eases after CME Hikes Margin

Gold eases off the session's record highs after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth buoyed sentiment.
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Gov. Rick Perry, R-Texas

Rick Perry to Officially Announce His Run for Presidency on Saturday

Perry's spokesman Mark Miner told The Associated Press on Thursday that the Texas governor will be running for president and will make his intentions known on Saturday while visiting South Carolina and New Hampshire as most of his presidential rivals compete in a test vote in Iowa.
A person walks across plaque that shows where Berlin Wall used to stand at Berlin Wall memorial site in Bernauer Strasse

Escape from East Berlin with wedding dress in hand

Erika Schallert fled East Berlin on August 15, 1961, with nothing but the clothes she was wearing and her half-finished wedding dress, determined that nothing was going to stop her getting married -- not even the Berlin Wall.
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Franc party rained on by SNB; yen eyed

The safe-haven Swiss franc nursed heavy losses in Asia on Friday, having posted record one-day falls against the euro and dollar after the Swiss National Bank threatened to step up its fight to curb the franc's strength.
Jeff Locker, a Wyoming farmer, displays water filters from his well

Panel seeks more disclosure on natural gas drilling

A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.
Gov. Rick Perry, R-Texas

Texas Governor Perry to run for president

Texas Governor Rick Perry, a staunch conservative with a Washington outsider's resume, will seek the 2012 Republican nomination for U.S. president, his spokesman said on Thursday, adding a top contender to the party's field of hopefuls.
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Texas Governor Perry to run for US president

Texas Governor Rick Perry, a staunch conservative with a Washington outsider's resume, will seek the 2012 Republican nomination for U.S. president, his spokesman said on Thursday, adding a top contender to the party's field of hopefuls.
A man dressed as the statue of Liberty at a tax assistance business in northern Virginia

Republican Dave Camp Rules Nothing Out for Debt Panel

A leading Republican lawmaker would not rule out tax increases on Thursday if they fostered economic growth, adding that "everything is on the table" for a U.S. congressional panel charged with forging a deal to cut the deficit.
One kilogram gold bars are seen in this picture illustration

Oil around $100 for 2 years, gold to scale new highs

Oil is likely to remain weak in the short term due to the sluggish global economy, while gold reaches new peaks on its increasing safe haven appeal and an expected further easing of U.S. monetary policy, a London-based fund manager said.
Spain's Nadal reacts during match against Croatia's Dodig at the Rogers Cup tennis tournament in Montreal

Nadal suffers Montreal meltdown, Djokovic wins

Rafa Nadal fluffed his lines on the return from five-week break when the Spanish world number two was stunned 1-6 7-6 7-6 by unheralded Croatian Ivan Dodig in his opening match of the Montreal Masters on Wednesday.
Serbia's Djokovic celebrates win over Russia's Davydenko at the Rogers Cup tennis tournament in Montreal

Djokovic begins reign as number one with wild win

Novak Djokovic's reign as world number one got off to a wild start as he scrambled to a 7-5 6-1 win over Russian Nikolai Davydenko at the Montreal Masters on Wednesday, improving his season record to a dazzling 49-1.
The Dow Jones industrial average gained 429.92 points, or 3.98 percent, to end at 11,239.77

Dow Soars 423 Points, Investors Encouraged by Upbeat Reports

The Dow Jones industrial average rebounded on Thursday soaring 423.37 points, or 3.95 percent, to 11143.31, after a disappointing 520-point loss on Wednesday, the ninth-largest point drop ever, because of growing fears about the health of Europe's banks and the probabilities of a global economic recession. Meanwhile, the Nasdaq gained 111.63 points, or 4.69 per cent, to 2,492.68.
For Discussion: U.S. Job Creation

Who Creates More Jobs - Democratic or Republican U.S. Presidents?

The Republican Party argues it's the party of job creation, but the statistics indicate otherwise, at least concerning U.S. presidential administrations. Democratic presidents have a higher annual job creation average, 1.647 million per year, than Republican presidents, 966,388 per year.
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AMR eyes American Eagle spin-off

AMR Corp may spin off its regional unit American Eagle as an independent airline with a nine-year contract to fly for American Airlines, the parent company said on Thursday.
Berkshire Hathaway chairman and CEO Buffett attends the Allen and Company Sun Valley Conference in Sun Valley

Warren Buffett buying in down market

Warren Buffett has been buying amid this week's sharp declines in the market, and has not yet seen anything that suggests another downturn is emerging, the legendary investor told Fortune magazine.
"Avatar"

James Cameron gives Hollywood 3D advice: try harder

Since director James Cameron's "Avatar" raked in $2.8 billion at global box offices, Hollywood has flooded theaters with wave after wave of 3D movies, but some industry watchers wonder if theatergoers are now drowning in it.
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Banks pushing for legal shield on mortgages

U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong legal protection for future home loans.
A house for sale in Virginia.

States Might Suffer From Ratings Downgrade

In the municipal market, the downgrade will likely affect credits directly supported by federal aid and credits that rely on federal support streams for part of total revenues.

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