On Wednesday, a day before his final one at the Pentagon, U.S. Defense Secretary Robert Gates issued a statement of farewell, thanking all U.S. Armed Forces.
In our view, inflation is on the verge of becoming a significant concern for the global economy
Raymond James Financial Inc agreed to buy back $300 million of auction-rate securities and pay a $1.75 million fine to settle federal and state probes accusing the brokerage, one of the nation's largest, of misleading customers about the debt's safety.
President Obama scolded lawmakers Wednesday for failing to reach a budget deal, and used his daughters as an example of how to handle pressure and deadlines.
The latest rumors have reported Apple to offer its iPhone 3GS for free as it makes way for the launch of their upcoming iPhone 5. The iPhone 3GS will be given out for $0 if customers sign onto a two year contract. Consumers waiting for the iPhone 5 may not be an ideal target, but those who fall in the mid or low-range smartphone buyers market will find the offer enticing.
The United States will keep applying the utmost pressure on al-Qaeda, even after its former leader Osama bin Laden was removed, according to comments made by U.S. President Barack Obama during a White House press conference.
The International Monetary Fund on Wednesday pressed U.S. lawmakers to quickly lift the government's borrowing limit to avoid a severe shock to global markets and a still-fragile economic recovery.
The Sixth U.S. Court of Appeals in Cincinnati Wednesday ruled that the new U.S. health Care law's mandate that everyone purchase insurance is constitutional, handing the Obama administration a victory.
Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.
Citigroup has struck a deal with the European arm of collapsed investment bank Lehman Brothers to release over $2.5 billion worth of assets held in its custody business.
Pending sales of previously owned U.S. homes rose more than expected in May, a trade group said on Wednesday, but a glut of unsold properties remains a drag on the housing market.
Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned on Wednesday.
A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank's investors at the time of the housing market collapse.
Just days after he marched with Gov. Andrew Cuomo to champion his same-sex marriage victory, Mayor Michael Bloomberg blasted Cuomo's plans to close the Indian Point nuclear plant.
Sarah Palin wondered out loud to a reporter why celebrities are so full of hate towards her. Palin made the comments in Pella, Iowa after a screening of The Undefeated, an upcoming documentary about her political career.
Australian authorities are investigating an incident that occurred this past weekend in which a Great Barrier Reef dive boat accidentally left behind a U.S. snorkeler.
An Iraqi court has sentenced the widow of al-Qaeda’s local chieftain to life in prison for helping her husband carry out terrorist attacks.
U.S. stocks advanced on Wednesday after the Greek parliament approved austerity measures, taking an important step in the country's bid to gain access to international funding to avoid default.
Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.
General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.
President Barack Obama said gays and lesbians should receive equal treatment but stopped short of endorsing gay marriage during a news conference Wednesday, carefully parsing his answers to questions about New York's landmark same-sex marriage law.
Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.
