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Australia's Banks cut costs

Global Banks Agree to Raise Buffer

The biggest banks in the world have agreed to hold more capital in the future to protect them should another crisis strike like the one in 2008.
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Protesters take part in a demonstration supporting same-sex marriages outside Sheraton Hotel where U.S. President Barack Obama was attending a function in New York.

Gay Marriage legal in New York

In a 33-29 vote, the New York State Senate has passed the legalization of gay marriage, the first for a Republican-controlled Senate
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Madoff trustee seeks $19 billion from JPMorgan

The trustee seeking money for Bernard Madoff's victims is now seeking $19 billion from JPMorgan Chase & Co, tripling the amount he hopes to recover from what was once the main bank of the imprisoned Ponzi schemer.
U.S. first lady Michelle Obama

Michelle Obama Defends President on Africa

In Africa on a goodwill mission Friday, First Lady Michelle Obama defended her husband against criticism that he isn't paying enough attention to the continent. The first lady said her weeklong trip is, actually, proof of the president's commitment to Africa, the Associated Press reported.
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Madoff trustee seeking $19 billion from JPMorgan

The trustee seeking money for Bernard Madoff's victims filed an amended complaint on Friday more than tripling the amount of damages he is seeking to recover from JPMorgan Chase & Co, once the imprisoned Ponzi schemer's main bank.
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Wall St sinks on Europe's debt misery

Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.
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Wall Street sinks on Europe's debt misery

Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.
President Barack Obama

President Obama to Enter Debt Ceiling Talks

President Barack Obama indicated Friday he is ready to take over the budget deficit / debt ceiling negotiations, inviting Senate leaders to the White House next week, as the continuing impasse pushes the U.S. closer to a potential default.
NAEP Results

Obama Administration and Congress Clash on Education Reform

U.S. Education Secretary Arne Duncan threatened to bypass Congress and work directly with states to enact education reform measures, signaling the Obama administration's frustration with Congressional inaction on overhauling the No Child Left Behind Act.

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