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S&P Downgrade: Senate Panel Reviewing U.S. Credit Rating

The Senate Banking Committee has begun looking into last week's decision by Standard & Poor's to downgrade the U.S. credit rating, a committee aide has confirmed.

Nagasaki Memorial: First Ever U.S. Representative Receives Mixed Reactions

James P. Zumwalt became the first American representative to attend the memorial service on the anniversary of the atomic bombing of Nagasaki, Japan, on Aug. 9, 1945.

OPINION: London Riots: Welcome to The Real Britain, America

Police officers stand near a burnt out shop in Clapham Junction, in south London

The fact is, as the current disturbances clearly demonstrate, that Britain is a hard, grim and rough nation that has long been scarred by social inequalities, violence, drug abuse, gang warfare, racial tension, the collapse of manufacturing and, now, an economic crisis that threatens to tear the country asunder.

World stocks recover as Wall Street halts rout

World stocks recovered after their 10th straight day of declines on Tuesday as Wall Street managed to put a brake on losses for the time being, with investors turning their attention to a meeting of the Federal Reserve.

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Federal Reserve Chairman Ben Bernanke is seen on a television monitor at the Chicago Board of Trade

S&P Downgrade Old News; Fed, Threat of New Recession Becomes Focus

The S&P downgrade is already old news for U.S. markets. All eyes are on the Fed, and concerns about slow growth and the real threat of a new recession.

China's Wen urges global action to calm markets

China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks swooned on fears the world economy is headed for a downturn.

China's July output cools while inflation stays hot

China's industrial output grew at a slower pace in July while inflation unexpectedly quickened, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

Navy SEALs Killed: Remains of U.S. Service Members Due to Arrive in Delaware

Officials at Dover Air Force Base are preparing to accept the remains of 30 American troops, including 22 Navy SEALs, who were killed Saturday when their helicopter was shot down by the Taliban in eastern Afghanistan.

Does Bank of America Need to Raise More Capital?

All eyes are on Bank of America (NYSE: BAC) ahead of Tuesday's opening bell after the banking giant suffered a 20 percent loss on Monday's trading.

Heart test standards all over the map

U.S. hospitals vary widely in how they decide who's eligible for an invasive type of heart scan, according to a new study.

No link between MS, narrow blood vessels: study

A new study provides more evidence that multiple sclerosis (MS) is not caused by a blood vessel condition, as some research has suggested.

E. Coli outbreak in Oregon linked to strawberries

An elderly woman died and at least 9 other people were sickened after eating fresh strawberries from an Oregon farm contaminated with E. coli, officials said on Monday.

Gold and platinum Visa cards are displayed in New York

Visa to speed up migration to mobile wallet

Visa Inc said it would accelerate the move to chip technology and speed up the use of mobile payments in the United States, as the world's largest payment processor tries to corner a share in the nascent smartphone payments market.

iPad rivals have better chance in Europe: Forrester

Would-be rivals to Apple's iPad have more of a chance in Europe than they do in the United States, but they need to cut prices fast to grasp the opportunity, IT research firm Forrester said on Tuesday.

Singer Gavin DeGraw Brutally Attacked, Hospitalized

The singer was admitted to Bellevue Hospital late Sunday night.

Stock futures point to higher open

Stock index futures pointed to a gain of about 1 percent at the open on Tuesday in a rebound from the previous session's nosedive, but an upcoming Fed statement could spark a reversal if investors are not convinced it has a plan to combat a market meltdown.

Argentina's del Potro hits return to Finland's Nieminen at the Rogers Cup tennis tournament in Montreal

Del Potro issues Grand Slam warning at Rogers Cup

Juan Martin Del Potro stormed to a 6-4 6-0 first round win over Finland's Jarkko Nieminen at the Rogers Cup Monday, the Argentine continuing his impressive comeback with the U.S. Open on the horizon.

Study: Soy Does Little for Hot Flashes During Menopause

Women looking to ease their symptoms of menopause, will get little to no relief from soy supplements, as they appear to do nothing to comfort the symptoms of menopause, scientists say, despite the high hopes of many.

A trader working in the crude oil and natural gas options pits on the floor of the New York Mercantile Exchange in New York

After U.S. Downgrade, Who?s Next?

Following a surprise U.S. debt rating downgrade by S&P?s last Friday, now attention turns to other AAA-rated countries, which are at the risk of similar downgrade.

Amid Market, Economic Uncertainty, Investors Flock to U.S. Bonds

With U.S. and global stock markets reeling, investors have sought a traditional safe-haven, but it?s one that may surprise some: U.S. Government bonds. How is it possible that investors would want the debt of the nation they believe has a national debt that's too high?

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