UNITED STATES

U.S. Federal Reserve Chairman Ben Bernanke

Bernanke: Regulators Formulating Rules for SIFIs

As major institutions around the world continue to deal with the impact of the financial crisis, regulators will soon be laying down ground rules to buttress against a potential collapse of financial firms large enough to shake global markets, Federal Reserve Chairman Ben Bernanke said Thursday.

S&P says 50-50 chance of U.S. downgrade

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Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.
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Stock futures flat, Intel a drag on Nasdaq

Stock index futures were flat on Thursday as investors awaited details on a second rescue package for Greece, though weakness in technology shares kept Nasdaq futures slightly negative.
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Wal-Mart to give its U.S. store data to Nielsen

Wal-Mart Stores Inc has agreed to give its U.S. store data to Nielsen Holdings NV , bolstering an industry benchmark that has long lacked insights into sales at the world's largest chain.
Apple Inc

Apple's Cash Hoard: Keeping the Powder Dry, says CEO Jobs

Apple is hoarding record amounts of cash, currently holding $76 billion. But the company has not historically made big acquisitions. CEO Steve Jobs says Apple is merely keeping its "powder dry" for strategic opportunities in the future.
Times Square, New York, N.Y.

New York Heat Wave: Is Another Blackout Coming?

As a potentially deadly heat wave scorches 32 states, utilities companies are taking extra precautions to ensure added strain on the electrical grid does not trigger a repeat of the 2003 blackout that temporarily plunged cities from New York to Detroit into darkness.
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AT&T revenue, net subscribers beat Street

AT&T Inc's second-quarter revenue beat Wall Street expectations and its customer growth improved in the first full quarter after it lost exclusive U.S. rights to sell Apple Inc iPhone.
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Stocks off highs, euro up before EU summit

World stocks held below a 1-1/2 week high on Thursday after a disappointing services sector survey in the euro zone while the euro ticked up as investors awaited details of a Franco-German deal on a Greek bailout at a European summit later.
U.S. House Speaker John Boehner, R-Ohio

Can Speaker Boehner Keep House in Order on Debt Plan?

House Speaker John Boehner, R-Ohio, has his hands full regarding the 'Gang of Six' debt plan. Most Tea Party members of his caucus are likely to oppose it, but if Boehner can recruit enough moderate Democrats to offset Tea Party opposers, the plan should pass the U.S. House -- its likely final hurdler before the bill heads to President Obama.
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China factory sector shrinks, IMF finds world worried

China's factory sector shrank for the first time in a year in July, a survey showed on Thursday, feeding worries among the country's main trading partners that its growth is unsustainable and could lead to a slump.
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Morgan Stanley set for loss

Morgan Stanley is set to report a second-quarter loss on Thursday, as costs caused by a leftover item from the financial crisis compound the effects of a weak trading environment and stubbornly high expenses.
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Men Who Pay for Sex Commit More Crimes: Study

A latest study in the US has revealed that men who pay for sex are more likely to commit crimes against women compared to those who do not. The study was conducted in Boston are.

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